Saudi Arabia

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Food production in the GCC has long faced obstacles ranging from water scarcity to a lack of arable soil – factors that are being exacerbated by climate change.

Nations in the MENA region have been intensifying efforts to increase their food security, with Russia's invasion of Ukraine the most recent geopolitical event to underline the fragility of global supply chains, as well as the importance of agricultural self-sufficiency.

The GCC chemicals and petrochemicals industry demonstrated considerable resilience in the face of Covid-19 and oil price fluctuations.

As oil prices reach 7.5-year highs, a number of countries in the Middle East have unveiled fiscal measures designed to balance their budgets after two years of pandemic-related spending.

As Saudi Arabia pursues a path of national digital transformation, stakeholders must take care to ensure the benefits of the digital economy are shared by the whole of society.

Last year was record-breaking in terms of the filing of international patents, with several emerging markets scoring highly in global rankings. In many such countries, higher education is playing an ever-more significant role in driving innovation and expanding intellectual property.

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