Recent measures to levy a tax on empty plots of land in Saudi Arabia are intended to kick-start the residential property sector and tackle the Kingdom’s housing shortage.
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Economic Update | Saudi Arabia implements tax to encourage property development
27 Jul 2016
Economic Update | Saudi Arabia to revamp tourism sector
5 Jul 2016
Tourism is set to take on a pivotal role in the Saudi Arabian economy, with business, leisure and faith-based travel all identified as vehicles to raise the industry’s profile and generate both...
Economic Update | Vision 2030 heralds change in Saudi Arabia
28 May 2016
Reforms aimed at opening up Saudi Arabia to investment and encouraging private sector participation are moving forward, even as further details of the Kingdom’s long-term National Transformation Plan...
Economic Update | Saudi Arabia to extend downstream reach
12 Apr 2016
Steps taken by national oil giant Saudi Aramco to consolidate some of its downstream assets, most notably in the US market, appear to be laying the groundwork for an initial public offering (IPO) and...
Economic Update | Airport privatisation gathers speed in Saudi Arabia
27 Mar 2016
Plans for the privatisation of Saudi Arabia’s airports and aviation services are advancing, with the state aiming for full private sector ownership by 2020.