Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.
Following delays, the long-awaited GCC Railway looks likely to be revitalised, a move that could transform trade and connectivity across the Gulf.
As countries within the Gulf begin a gradual easing of Covid-19-related movement restrictions, the revival of the region’s aviation sector has come into focus. Effective recovery strategies will rely on reassuring passengers that sufficient health and the safety measures are in place.
The transport and logistics sector in Saudi Arabia has been targeted for key milestones, in accordance with Vision 2030, the Kingdom’s ambitious development plan to diversify the economy, grow the non-oil sector and leverage the country’s traditional position as a crossroads for international trade. While the Covid-19 pandemic is expected to...
The Kingdom’s rail network has made major strides in recent years, opening up new passenger stations and lines for residents and pilgrims, while also moving tonnes of freight off the road and onto track. Investment in rail infrastructure is set to continue with Saudi Arabia’s contribution to the Gulf Railway, also called the GCC Railway, and...
What is being done to consolidate the transport sector and expand current infrastructure?
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