Saudi Arabia Economic Snapshot 2024
Click here to read our Saudi Arabia Economic Report and Investment Analysis 2024 online …
Saudi Arabia Economy Sector Research Highlights
Saudi Arabia Economy Sector Research Highlights
Joseph Rank, CEO for Saudi Arabia and Africa: InterviewOBGplus
Interview: Joseph Rank, CEO for Saudi Arabia and Africa How localised is defence manufacturing, and what is the role of the private sector in this process? JOSEPH RANK: The private sector plays a vital role in Saudi Arabia’s defence manufacturing, as it is responsible for the actual production. The government can invest directly or through industrial participation programmes to incentivise this…
Alhamedi Alanezi, CEO and President, Arabsat: InterviewOBGplus
Interview: Alhamedi Alanezi, CEO and President, Arabsat How are advancements in satellite communication affecting global connectivity and the Kingdom’s ambitions in the aerospace sector? ALHAMEDI ALANEZI: Advancements in satellite communication are revolutionising global connectivity by enabling faster, more reliable data transmission across regions that were previously underserved or difficult…
Nabil Khojah, Secretary-General, Economic Cities and Special Zones Authority: InterviewOBGplus
Interview:Nabil Khojah, Secretary-General, Economic Cities and Special Zones Authority How does the establishment of economic zones contribute to diversification, and what role do these zones play in attracting foreign investment? NABIL KHOJAH: The creation of special economic zones (SEZs) is a key component of Saudi Arabia’s economic diversification strategy under Vision 2030. These zones…
Hussein Fares, CEO, Abdulla Fouad Group: InterviewOBGplus
Interview:Hussein Fares, CEO, Abdulla Fouad Group How do you see Saudi Arabia’s current infrastructure development contributing to Vision 2030? HUSSEIN FARES: The pace of infrastructure development in the Kingdom has been remarkable. We have made significant strides across multiple sectors – from transport and logistics, to housing and utilities – all of which are critical to long-term…
Mohammed El Kuwaiz, Chairman, Capital Market Authority (CMA): InterviewOBGplus
Mohammed El Kuwaiz, Chairman, Capital Market Authority (CMA): Interview What steps can regulatory authorities take to encourage listed companies to align with environmental, social and governance (ESG) principles? MOHAMMED EL KUWAIZ: The CMA is developing a regulatory framework for green, social and sustainable debt instruments, alongside incentivising diverse issuances in the sukuk (Islamic bonds)…
International collaboration boosts Saudi Arabia's defence capabilitiesOBGplus
Amid Russia’s ongoing conflict with Ukraine and tensions in the Middle East, Taiwan Strait and elsewhere, global military expenditure increased 6.8% to reach $2.4trn in 2023 – the highest level ever recorded by the Stockholm International Peace Research Institute (SIPRI). Saudi Arabia allocated approximately $75.8bn to its military that year, marking a 4.3% increase from 2022. This expenditure…
Saudi Arabia's fiscal management strategies promote Vision 2030OBGplus
Saudi Arabia remains a conventional energy powerhouse as non-oil activities make up more than half of national output. As the Kingdom hits the halfway point of Vision 2030, a wide-ranging economic diversification strategy launched in 2016, the subsectors in which success is being achieved and those that require additional work are becoming clear. The digital economy is driving diversification gains,…
Saudi Arabia targets sustainable development of non-oil sectorsOBGplus
Situated at the heart of the Middle East, Saudi Arabia’s geopolitical importance is underscored by the presence of 17% of proven global oil reserves within its territory, and its stature as the birthplace of Islam. Since gaining independence in 1932, establishing the Aramco national oil company in 1933 and first discovering oil in the Dammam field in 1938, the Kingdom has undergone a substantial…
Tips and information for travellers to Saudi ArabiaOBGplus
Visas Nationals of non-GCC countries and some Arab countries need visas. Business visas require a letter of sponsorship from the firm being visited. The Saudi counterpart lodges an application and is issued a receipt, which is forwarded. The applicant then presents this receipt, along with two passport-sized photographs, a completed application form, a copy of the letter of sponsorship and a fee to…
