A key component of Saudi Arabia’s continued economic diversification strategy calls for strengthening the role of the most prolific segment of the private sector – small and medium-sized enterprises (SMEs). Already growing at a healthy rate, SMEs can provide valuable employment opportunities for a rapidly growing and young...
As the heart of Saudi Arabia’s industrial sector and endowed with a wide array of plentiful mineral and hydrocarbons resources, maintaining effective transportation routes throughout the Eastern Province is crucial to the economy’s smooth running. Seeking to keep vital supplies of petroleum and a growing range of imports and...
With the Kingdom’s coffers enjoying the fruits of high hydrocarbons prices, the state is looking to ensure that today’s good fortune is passed on to future generations. Traditionally managed by the Saudi Arabian Monetary Agency (SAMA) and the Ministry of Finance, the country’s stewardship of these wealth funds is now being...
The second-largest city in Saudi Arabia, Jeddah, dates back to within 20 years of the Prophet Muhammad’s life. The city’s seaport is now the largest in the Kingdom and is complemented by a busy international airport. And while Jeddah is known to many as the country’s commercial capital, it is also the principal gateway for a...
With Saudi Arabia’s recent budget providing the financial fuel for the country’s economic expansion and diversification, the government’s ninth development plan (NDP) 2010-14 provides the roadmap. The most recently updated version of the plan divides SR1.4trn ($373.1bn) among five development sectors. Developed by the Saudi...
One of Jeddah’s most pressing needs is a vast supply of new housing, both to cater for an expanding population and improve the quality of living for those in unplanned settlements. Growing 1.5% each year, Jeddah’s population is projected to be 13% higher in 2015 than in 2010, according to the Jeddah Development and Urban...
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