Saudi Arabia’s utilities sector will undergo significant changes in the coming years as the country works to reduce the number of barrels of oil it burns to create electricity, as well as the amount of drinking water it consumes. Beyond that, the sector is shifting amid subsidy reforms, the gradual privatisation of public assets, improvements...
Saudi Arabia has significant potential in renewable energy, and has worked in recent years to harness the power of the sun and wind to generate electricity. These efforts are not only environmentally friendly, but they also preserve valuable supplies of oil and gas that can instead be converted into value-added products or exported abroad....
The industrial sector in Saudi Arabia is widely regarded as a promising area for business growth that can provide additional private sector employment for citizens in the decades ahead. The Kingdom has also recognised that a formula based on the inputs of plentiful crude oil and inexpensive foreign labour alone will not create enough...
Saudi Arabia’s government has indicated it wants to raise as much as $200bn through the privatisation of state-owned assets, with one of its largest desalination plants among the first targets for disposal. The Ras Al Khair cogeneration plant has the capacity to produce more than 1m cu metres of desalinated water daily, and in 2018 the...
The role of SMEs is being re-evaluated in the light of Vision 2030, which has made boosting their contribution to GDP a key part of its strategy to create opportunities in a thriving economy. A new government agency, the SME Authority (SMEA), was created in October 2015 to champion small businesses. SMEA notes that while in many advanced...
Ambitious plans to develop and expand automotive manufacturing are being drawn up, with a view to capitalising on the increasing availability of raw materials and a strong domestic market for cars and trucks. In August 2018 the Ministry of Energy, Industry and Mineral Resources (MEIM) announced that the Kingdom “is currently developing a city...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×