To what extent do you expect future growth in the housing market to be supported by mortgage finance?
Saudi Arabia Economy
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Economic view | Paddy Padmanathan, President & CEO, ACWA Power, on the Saudi private sector and development of the renewable energy industry
19 Jun 2017
What greater role do you think the Saudi private sector can take with the launch of Vision 2030?
Coinciding with a visit from US President Donald Trump, the inaugural Saudi-US CEO Forum on May 20 in Riyadh saw a series of deals signed between numerous companies in both the oil and non-oil sectors, with Saudi Arabia looking to enhance private sector involvement in its economy and increase foreign investment as part of its Vision 2030 economic blueprint.
Weaker energy prices and an ambitious reform programme aimed at increasing private sector participation in the economy were key themes of 2016 as Saudi Arabia accelerated efforts to diversify its economy.
Recent changes to the terms and conditions of employment in Saudi Arabia’s civil service are expected to result in major budget savings; however, there are some concerns that the alterations could negatively affect the broader economy.
Articles & Analysis | Useful information for business and leisure travellers from The Report: Saudi Arabia 2016
Saudi Arabia is a socially conservative country, and interaction between unrelated men and women is prohibited. Businessmen should wait for a woman to offer her hand to shake in a meeting. In all other situations, keep a respectful distance. Handshakes between men are common. Saudis pride themselves on their hospitality, and it is impolite to...