TAG: Saudi Arabia
Although the global economy is in the midst of some challenging times, 82% of C-level executives who participated in the 2019 Business Barometer: Saudi Arabia CEO Survey believe that the Vision 2030 policy reforms will be successful or very successful in achieving medium- to long-term goals. Furthermore, manufacturing is indicated as the sector most likely to drive non-oil economic growth in the short to medium term, representing 15% of total responses. The optimism is carefully gauged, however, with 65% of business leaders citing regional political volatility as the top external event that could impact the economy.
The Gulf has had to navigate some challenging terrain in recent times, and in the second half of 2019 these challenges have come in the form of steady escalation of tensions with Iran, which have dominated global headlines emanating from the region.