The Kingdom is targeting both foreign and local holidaymakers as the government and private segment seek to increase visitor numbers and expand revenue streams in an increasingly busy tourism sector.
Saudi Arabia
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Economic update | Saudi Arabia: Fueling the future
17 Mar 2011
Saudi Arabia is looking to diversify its domestic power industry away from its existing reliance on fossil fuels by investing heavily to make renewable energy the Kingdom’s central source of electricity, a move that will extend the life of its oil fields, protect export earnings and pay environmental dividends.
Economic update | Saudi Arabia: Registers set to ring
14 Mar 2011
The retail sector in Saudi Arabia appears set for solid medium-term growth, with sales and turnover expected to rise steadily in the coming years as the public begins benefitting from a greater range of product lines and more shopping centres.
Economic update | Saudi Arabia: Spending gets a boost
10 Mar 2011
Public spending is scheduled for a major boost in Saudi Arabia, with education, housing and social measures being specifically targeted by a new economic stimulus and support programme.
Saudi Arabia is looking to further open up its IT sector as part of a broader strategy to develop a knowledge-based society and economy. However, the rapid inroads being made by new technologies may require the state to step up investment in digital infrastructure and hasten its regulatory processes.
Economic update | Saudi Arabia: Safety at work
17 Jan 2011
Saudi Arabia’s insurance sector is set for changes in 2011 with the implementation of a law mandating health insurance for all private sector employees. While just one aspect of the rapid pace of change in the sector, the expansion is likely to create a deeper and wider presence for insurers in the Kingdom.