Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking, is expected to support the Kingdom’s efforts to double the entertainment sector’s GDP contribution.
Saudi Arabia Economy
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Economic update | Saudi Arabia: Year in Review 2017
10 Jan 2018
Saudi Arabia laid the foundations for a major overhaul of the national economy in 2017, with the government taking steps to privatise key state assets and stimulate investment, as part of long-term plans to diversify the economy.
Saudi Arabia is furthering plans to create the world’s largest sovereign wealth fund and use it as a vehicle for driving economic growth, a move that will have a far-reaching impact on regional and global markets.
To what extent do you expect future growth in the housing market to be supported by mortgage finance?
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.