There were 34,439 results found for The Middle East and

There were 34,439 results found.

Overview

Increasing private participation and a more sustainable energy mix in Saudi Arabia
OBG
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Providing power for its rising population represents a significant challenge for Saudi Arabia, with the Kingdom generating more than twice as much electricity in 2015 as it did in 2000 in order to meet growing demand. According to the Electricity and Cogeneration Regulatory Authority (ECRA), the Kingdom will have to invest some $140bn before 2020 to increase generating capacity at Saudi Electricity…

Overview

The fall in oil prices brings fresh attention to the world’s largest oil exporter, Saudi Arabia
OBG
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The drop in global oil prices in the second half of 2014 thrust Saudi Arabia’s energy sector into the spotlight, but the consequences for the Kingdom vary significantly depending on whether they are measured in terms of production, price or perception. Production Viewed purely in terms of barrels of crude oil produced, Saudi Arabia has steered a very steady course through volatile conditions in…

Overview

Saudi Arabia emphasises development of local defence firms
OBG
plus

Of all the industrial and commercial sectors that Saudi Arabia is targeting for development as part of its shift towards a knowledge-based economy, defence is one in which it is particularly well placed to become a global leader. Already the world’s third-biggest defence spender, according to the International Institute for Strategic Studies, the Saudi government is expected to continue investing…

Overview

Demographic and economic factors signal Saudi retail market ripe for expansion
OBG
plus

Saudi Arabia has a strong base of domestic consumers, strengthened by a growing population of young people and rising disposable incomes. With the sector remaining undersupplied, the opportunities for growth are substantial. While retail sectors in other GCC countries witnessed strong investment and expansion over the last decade, Saudi Arabia remained an underdeveloped retail market – but one that…

Overview

Saudi telecoms companies innovate in a challenging market
OBG
plus

With two new players entering the market, a major mobile operator dealing with fallout from systematically overstating revenues while understating costs, and the third mobile licence operator continuing to operate at a loss since its launch seven years ago, the Saudi telecoms sector is experiencing interesting times. The challenge to mobile voice and text revenues posed by free over-the-top (OTT)…

Overview

Saudi Arabia develops six economic cities, with a focus on non-oil growth
OBG
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The non-oil private sector is forecast to grow at more than 5% in 2015 and is expected to lead to economic expansion in three directions: vertically in industries drawing on the Kingdom’s hydrocarbons endowment; horizontally in industries that do not rely on oil; and spatially into areas of the country that have grown more slowly than the larger cities. The opening of the $20bn Sadara petrochemicals…

Overview

Major transport projects across land, air and sea transform the sector in Saudi Arabia
OBG
plus

With a vast land mass covering more than 2m sq km, and sizeable mining and heavy industry sectors, transport and logistics are vital to Saudi Arabia’s economic success and future growth. As record oil prices from 2008 to 2014 filled state coffers, the authorities decided to invest a significant portion of the windfall in improving the Kingdom’s transportation infrastructure. An anticipated $190bn…

Overview

Large players and small start-ups alike compete for IT business in Saudi Arabia
OBG
plus

Spending on smart cities, smart hospitals and smart schools looks set to continue in 2015, with the Kingdom’s budget showing the government is committed to major upgrades to infrastructure and services despite the fall in oil revenues. According to research and analysis firm Interactive Development Company, spending on ICT products in the Kingdom will exceed $36bn in 2015 as consumers acquire the…

Overview

Saudi Arabia seeks to reduce energy waste and environmental impact
OBG
plus

While economic and social development may be at the forefront of the agenda in Saudi Arabia, the Kingdom has also committed itself to policies related to the responsible stewardship of the environment, including its marine and desert habitats and natural spaces in its cities. Although the extraction and sale of fossil fuels continues to fuel the economy, policymakers are passing initiatives to curb…

Overview

Growth continues as Saudi Arabia's banks diversify their revenues and banking sector shifts towards increased use of technology
OBG
plus

Having posted another year of positive results, Saudi Arabia’s banking sector is positioning itself to take advantage of the government’s expansionist fiscal policy and the large number of projects this has created. In the meantime, opportunities in other areas of the lending landscape are being explored, most notably among the nation’s smaller businesses. An ongoing process of regulatory reform…

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There were 34,439 results found for The Middle East and

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