Saudi Arabia Economy

Displaying 103 - 108 of 163

 

FOUR SEASONS HOTEL RIYADH Kingdom Centre PO Box 231000 Riyadh 11321 T: (+966) 11 211 5000 F: (+966) 11 211 5001 reservations.riy@fourseasons.com concierge.riy@fourseasons.com www.fourseasons.com/Riyadh Rooms: 274 rooms, including 22 executive suites, nine superior suites, three presidential suites, two royal suites and one kingdom suite. The...

 

Pilgrimage forms one of the five pillars of the Islamic faith, and performing the Hajj at least once is mandatory for all Muslims who are physically and financially able to do so. The Hajj, however, can only be performed once a year over a specific five-day period. With an estimated 1.6bn Muslims in the world, catering for this requirement...

 

In common with other cities in the Kingdom, Makkah’s growing population and location have placed a strain on the management of its water resources. The city’s rapid urban development, not to mention the regeneration of existing urban areas, is also necessitating a substantial programme of investment to expand and upgrade wastewater and...

 

Charting a course for government policy over the next five years, the Kingdom’s 10th Development Plan, which runs from 2015 to 2019, places renewed emphasis on education and private sector development as the keys to economic diversification. In this regard, the plan represents the next step towards achieving the government’s long-term vision...

The recent return to the bond market by Saudi Arabia marks a significant shift in government policy, as the world’s biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves. The SR15bn ($4bn) issue in mid-July 2015 was the first sovereign bond offered by the Kingdom since 2007, with senior...

 

Given the size and breadth of the Saudi Arabian economy it is at first glance surprising that the government continues to play the leading role in supporting local start-ups and entrepreneurs. Where other countries in MENA, such as Egypt and Jordan, have seen the private sector address the segment through angel and seed investment operations,...

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