While the rapid development of the global Islamic banking sector has generated plenty of media headlines in recent years, the growth of the takaful industry has attracted comparatively less attention. There are several reasons that can go some way to explain the relatively unheralded expansion of the world’s sharia-compliant insurers. For...
The largest industrial power of the GCC states by far, Saudi Arabia is also one of the leading industrial powerhouses of the world in a number of key sectors. National industry is dominated by petrochemicals and the country ranks as the third-largest global producer of basic petrochemical ethylene, due in large part to the availability of...
The Kingdom is one of the world’s largest producers and exporters of both urea and phosphate-based fertilisers, which it manufactures using abundant locally sourced raw materials such as natural gas, sulphur and phosphate deposits. Other advantages for fertiliser production in Saudi Arabia include the fact that it is geographically well placed...
The country’s industrial sector is dominated by heavy industries, in particular refining and petrochemicals, and to a lesser extent metals and fertiliser production. Yet the Kingdom also hosts a large manufacturing industry, which benefits from the availability of raw materials produced by local heavy industry. The authorities are keen to...
The largest drugs manufacturer in the GCC by far, Saudi Arabia is also the second-largest pharmaceuticals exporter in the Arab world. Exports from the Kingdom have almost doubled over the past five years, though it continues to register a large negative pharmaceuticals trade balance, as it is also the largest consumer and importer of drugs in...
In an effort to enable female workers to play a greater role in the economy, the Saudi Industrial Property Authority (MODON) announced in mid-2012 that it had begun to plan an industrial city that would make special provisions for women. Situated at Al Ahsa, near the eastern city of Hofuf, the industrial city will be near enough...
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