TAG: Transport
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.
Higher construction and real estate activity has had a knock-on effect on the Bahraini economy, boosting a wide range of sectors.
Recent efforts to boost the country's hard and soft infrastructure are expected to encourage greater foreign investment and stronger economic growth.