There were 34,551 results found for and

There were 34,551 results found.

Overview

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

Overview

Saudi Arabia's legal framework evolves alongside economic needs
OBG
plus

The growth of the Saudi economy over the last few decades has been nothing short of staggering, and today the country is one of the top 20 economies in the world. Historically, the hydrocarbons sector has dominated the economy, though growth in other segments, including industry, manufacturing, retail, trade and construction, has created tremendous opportunities in the private sector. As part of the…

Overview

Tax system and tax regulations
OBG
plus

Saudi Arabia takes third place in the global list of countries ranked by ease of paying taxes, a remarkable achievement for a G-20 country with a GDP of over $700bn. Yet with the necessary due care and commitment to compliance, businesses can enjoy the advantages of the system. The tax system in Saudi Arabia is basic but not simple. Tax regulations are fairly brief and their provisions are relatively…

Overview

While expanding its hotel capacity, Saudi Arabia develops niche segments in partnership with the private sector
OBG
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With millions of Muslims arriving every year to visit the Holy Cities of Makkah and Medina, Saudi Arabia’s tourism sector is characterised to a large degree by religious pilgrimage. However, while significant investments continue to be made to meet growing demand from this segment, the Kingdom’s tourism authorities are also hard at work expanding the tourist economy into new areas. In particular,…

Overview

Investment in Saudi Arabia's health sector continues to rise as the government addresses long-term challenges
OBG
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Rising levels of investment in the Saudi Arabian health sector over the past decade have drawn praise from the World Health Organisation (WHO) and helped boost capacity to meet growing demand. A sharp increase in the state health budget for 2015 looks set to sustain this growth in the face of some long-term challenges. These include increasing life expectancies and a jump in non-communicable diseases,…

Overview

Saudi Arabia expands educational offerings at all levels
OBG
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Some SR1.5trn ($399.75bn) was spent on education between 2005 and 2015 in Saudi Arabia under the rule of the late King Abdullah bin Abdulaziz Al Saud, a national newspaper calculated. Under his successor, King Salman bin Abdulaziz Al Saud, education looks set to remain a priority, with the creation of a knowledge economy stated as the third objective of the Kingdom’s 10th Development Plan (2015-19).…

Overview

Saudi Arabia's construction and engineering sector remains competitive despite changes in the global marketplace
OBG
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As the largest member of the GCC and blessed with considerable hydrocarbons reserves, it is not hard to see why Saudi Arabia is often touted as the next big construction market in the region. Despite operating challenges and associated risks, the government’s decision to push forward with an ambitious development agenda has alerted numerous construction firms to the country’s potential. The energy…

Overview

Expanding population and a rise in tourism boost demand for real estate in Saudi Arabia
OBG
plus

A young and growing population coupled with rising disposable income signals an optimistic future for the Saudi Arabian real estate sector and its developers. While the market, which has grown at a steady rate in recent years, seems poised for an uptick, a number of impediments related to land, financing and affordability remain, meaning that real estate firms have primarily been catering to a small…

Overview

As an expatriate in Saudi Arabia
OBG
plus

Most expatriate residents of Saudi Arabia will find themselves living in one of the country’s three main cities: Riyadh, Jeddah and Dammam. Those living in Riyadh and Jeddah work in a wide variety of sectors, whereas most expats in Dammam – part of a tri-city area that includes Dhahran and Al Khobar – work in the hydrocarbons industry, often directly for Saudi Aramco, the state-owned oil company. Culture Jeddah…

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