As Islam’s holiest city, Makkah has an economy that enjoys extraordinarily high demand from the many millions of Muslim pilgrims who visit it each year. With pilgrim numbers expected to nearly double between 2008 and 2019, the real estate, infrastructure, hospitality and retail sectors are among those most likely to benefit. All...
Saudi Arabia
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Articles & Analysis | Centre of activity: Redevelopment is expected to spur growth across a range of sectors from The Report: Saudi Arabia 2013
Interviews & Viewpoints | Patrice Couvegnes, CEO, Banque Saudi Fransi, and Bernd van Linder, Managing Director, Saudi Hollandi Bank: Interview from The Report: Saudi Arabia 2013
In what way will Basel III affect the ability of banks to offer new products and services?
Interviews & Viewpoints | OBG talks to Abdullah Al Sharif, Secretary-General, Council of Cooperative Health Insurance (CCHI) from The Report: Saudi Arabia 2013
What steps are being taken to implement mandatory insurance for Saudis in the private sector?
Articles & Analysis | Home sweet home: Reforms to the mortgage law and a major supply shortfall are set to transform the sector from The Report: Saudi Arabia 2013
Restricted by regulatory uncertainty and underdevelopment over the past two decades, the Saudi Arabian real estate market is poised for a breakout in the coming years as long-awaited mortgage law reforms and more than a million new units planned for construction look set to transform the domestic market.
Articles & Analysis | A place for weary pilgrims: The city’s hotel offering is expanding from The Report: Saudi Arabia 2013
Hoteliers are looking to benefit from the extraordinarily high demand created by Makkah’s continuing flow of pilgrims, who represent 90% of the city’s hotel guests. The demand stems not only from the fact that pilgrim numbers look set to increase, but also from a government drive to improve health and safety standards during the...
Articles & Analysis | Eyes on the road: The industry is working to reduce traffic accidents from The Report: Saudi Arabia 2013
In recent years Saudi Arabia’s General Department of Traffic (GDT), which falls under the oversight of the Ministry of Interior, has worked with a number of other public agencies to improve safety standards and boost overall efficiency on the Kingdom’s roads. The insurance industry has played a key role in this effort. Since...