Plans for the privatisation of Saudi Arabia’s airports and aviation services are advancing, with the state aiming for full private sector ownership by 2020.
Saudi Arabia
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A continued scaling back on energy, feedstock and utilities subsidies is likely to impact earnings in Saudi Arabia’s industrial sector, potentially reducing its long-held competitive edge.
Economic update | Saudi Arabia Year in Review 2015
24 Dec 2015
Falling oil revenues and an expanding budget deficit were the hallmarks of Saudi Arabia’s economic activity in 2015, as heavy investment in development projects widened the Kingdom’s spending gap.
Economic update | Full foreign ownership of retail and wholesale businesses now permitted in Saudi Arabia
23 Nov 2015
New regulations are set to expand international investor access to Saudi Arabia next year, when a landmark move allowing full foreign ownership of key retail and wholesale businesses takes effect.
While falling oil revenues have prompted plans to scale back or reschedule some of Saudi Arabia’s programmes, the government has signalled that health projects will remain largely protected.
Cybersecurity has come to the fore in the Kingdom after a recent spate of breaches, underscoring the need for greater investment in protective measures and skills development to help thwart hackers.