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Skilled IT workforces and digital governance become MENA's growth drivers
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The MENA region is undergoing a significant digital transformation, with total IT spending projected to reach $169bn by 2026. This represents an 8.9% increase over the previous year, reflecting a structural pivot towards artificial intelligence (AI) integrated infrastructure across major regional economies. A primary driver of this growth is the rapid expansion of data centre systems, which is expected…

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Saudi Arabia's Vision 2030 diversification strategy prioritises foreign investment
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Saudi Arabia occupies a central position in the Middle East, shaped by its role as the custodian of Islam’s holiest sites and one of the world’s largest holders of proven oil reserves. The Kingdom’s modern state emerged in the early 20th century and was rapidly transformed following the commercial discovery of oil in 1938 and the subsequent development of its national energy industry. Its strategic…

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Private sector expansion shapes Saudi Arabia's future growth
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Saudi Arabia is entering a new phase of its Vision 2030 agenda, with greater emphasis on consolidating and maximising the impact of economic reforms introduced over the past decade. Since the launch of Vision 2030 in 2016, the Kingdom has pursued an ambitious agenda aimed at diversifying away from hydrocarbons, expanding private sector activity across the economy and positioning the Kingdom as a globally…

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Increased private investment reshapes Saudi Arabia's global trade role
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Saudi Arabia’s transport and logistics industry continues to experience robust expansion and is a pillar of Vision 2030, the national blueprint for economic diversification. Sector growth is driven by the roadmap’s aims to position the Kingdom as a global logistics, aviation and trading centre. Giga-projects, including port and airport upgrades and the construction of large-scale new cities, coupled…

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Real estate mega-projects drive growth in Saudi Arabia's housing developments
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Saudi Arabia’s Vision 2030, a national roadmap for economic diversification, remains the backbone of the country’s construction and real estate sectors. Under Vision 2030, ongoing giga-projects involve the building of entire new cities, large-scale residential housing developments, luxury resorts and restored heritage sites, ensuring a substantial pipeline of construction activity and real estate…

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New higher education facilities improve Saudi Arabia's competitiveness
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The education and training sectors plays a vital role in building a future workforce equipped to succeed in a knowledge-based, digital economy as the Kingdom pursues Vision 2030, the national programme for economic diversification. With the government’s strong focus on expanding access to quality education from early childhood to adult learning, Saudi Arabia is expected to build on gains made on…

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Vision 2030 drives expansion for banking lenders in Saudi Arabia
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The banking sector sits at the core of Vision 2030. Saudi banks are playing a growing role in supplying credit for giga-projects while also rapidly expanding their support for small and medium-sized enterprises (SMEs), which are important vehicles for Saudi Arabia’s economic diversification and bring more women into the labour market. Thanks to well-organised roadmaps, most notably the Financial…

Overview

Record listings in Saudi Arabia's capital markets signal transformative phase
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With initial public offerings (IPOs), bond and sukuk (Islamic bond) issuances surging and further buildout by the Kingdom’s non-oil economy, Saudi Arabia’s capital markets are currently going through an expansionary period. This change is a key pillar in the Kingdom’s long-term development plan, Vision 2030, which seeks to make the country a regional and international financial centre as part…

Overview

Regulatory reform underpins transformation in Saudi Arabia's health care sector
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Health care in Saudi Arabia is undergoing a period of rapid transformation, driven by demographic shifts and the ambitions of the Saudi Vision 2030 national development strategy. Government spending has risen to modernise infrastructure, diversify services and improve quality, while a comprehensive health care reform programme is expanding access across the country and introducing international standards.…

Overview

Increased visitor demand supports tourism growth in Saudi Arabia
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The tourism sector in Saudi Arabia has undergone a significant transformation since the launch of the government’s Vision 2030 national development strategy. Updated policies and higher investment in tourist infrastructure have driven the increase in visitor numbers. Meanwhile, the diversification of Saudi Arabia’s tourism sector through the development of strong business, resort and sports tourism…