A raft of reforms and digital transformation initiatives in Saudi Arabia have earned the country a place among the top-10 most improved global business climates in 2019, according to the World Bank’s “Doing Business 2020” report. The country’s new rank of 62nd out of 190 countries on the report’s ease of doing business rankings marked an...
The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel....
In recent years Saudi Arabia has been extending and upgrading its national road and highway network to meet the combined demands of a growing population, urbanisation, economic growth and a sharp increase in motor vehicle use.
The government’s vision is for both domestic and international transport to play a key role in the diversification and modernisation of the economy. The authorities are aiming to make the country a regional and international logistics centre. To achieve this goal, they envisage working closely with leading global logistics companies via public...
A key element of the Vision 2030 strategy is the establishment of SEZs offering fiscal and other incentives in competitive locations for promising sectors, among them ICT, logistics, tourism, and industrial and financial services. The SEZs are intended to capitalise on Saudi Arabia’s location, fewer than seven hours’ flying time from major...
In its efforts to become a logistics trading hub linking Asia, Africa and Europe, Saudi Arabia has taken concrete steps to comply with the highest international standards in freight handling. In July 2016 the Kingdom signed the World Trade Organisation’s Trade Facilitation Agreement (TFA) and in March 2017 it announced its decision to join the...
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