Alongside the rapid expansion of Jeddah’s area and population in recent decades is a raft of environmental problems, including the spill of both solid and liquid waste. Over the last decades, limited government funding, inadequate planning and low public awareness have combined to pose a serious threat to the city’s environment...
Saudi Arabia has long been a lynchpin of global oil and gas production, but its energy profile is changing. The Kingdom is becoming a rapidly growing energy consumer and a key player in the development of sustainable energy technologies. Saudi Arabia is sometimes called the “central bank” of the global oil industry. With over 260bn barrels of conventional reserves (...
As the heart of Saudi Arabia’s industrial sector and endowed with a wide array of plentiful mineral and hydrocarbons resources, maintaining effective transportation routes throughout the Eastern Province is crucial to the economy’s smooth running. Seeking to keep vital supplies of petroleum and a growing range of imports and...
With the Kingdom’s coffers enjoying the fruits of high hydrocarbons prices, the state is looking to ensure that today’s good fortune is passed on to future generations. Traditionally managed by the Saudi Arabian Monetary Agency (SAMA) and the Ministry of Finance, the country’s stewardship of these wealth funds is now being...
Over the past decade Saudi Arabia’s insurance industry has become an important contributor to the Kingdom’s economy. In 2011 the sector brought in gross written premiums (GWPs) of SR18.5bn ($4.93bn), up nearly 13% from SR16.4bn ($4.37bn) the previous year, according to official data from the Saudi Arabian Monetary Agency (SAMA...
Investment is being poured into expansions and capacity upgrades across the sector, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising...
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