TAG: Industry
Like other countries in the GCC, Saudi Arabia is undergoing a period of deep economic transformation aimed at easing the pressure on government revenues imposed by a sustained period of low oil prices, while also increasing the contribution of non-oil industries to the national economy. To this end, the government has launched Vision 2030, a long-term policy plan focused on modernising the public sector, developing the country’s human capital and opening up to greater foreign investment.
After several years of uncertainty, Egypt’s economy is picking up momentum in key segments, with international linkages - in terms of transport, trade and telecoms - major beneficiaries of government support and private investment.
The fallout from the Arab Spring significantly dampened growth in Tunisia - from which the country still has yet to fully recover - but key sectors have seen a steady improvement, offering promising medium-term prospects.