One consequence of Saudi Arabia’s strong economic and population growth in recent years has been a major surge in construction, with new neighbourhoods, industrial estates, office complexes, hotels and hospitals all going up around the Kingdom.
One consequence of Saudi Arabia’s strong economic and population growth in recent years has been a major surge in construction, with new neighbourhoods, industrial estates, office complexes, hotels and hospitals all going up around the Kingdom.
The first foreign visit of US President Donald Trump’s term saw business leaders from Saudi Arabia and the US signing nearly $400bn worth of agreements and deals. These commercial agreements were designed to foster mutual benefits and investments in both countries. King Salman bin Abdulaziz Al Saud met President Trump just over a year after the...
Increased investment in Saudi Arabia’s mining sector looks set to lift its GDP contributions, as part of an accelerating push to diversify the economy under the Vision 2030 development plan. On April 24, 2017 Prince Khalid Al Faisal Al Saud, the governor of Makkah, formally opened a new gold mine and processing plant – the Ad Duwayhi mine, owned and...
Large-scale renewable energy investments, and new rules specifying how much revenue from Saudi Aramco must be spent on domestic content, are set to drive manufacturing growth. Creating a local supply chain is at the heart of plans to install 3.5 GW of renewable energy capacity by 2020, while the In-Kingdom Total Value Add (IKTVA) programme adopted...
A key part of the debate in Saudi Arabia’s education system is focused on the need to match sector outcomes with the requirements of the labour market. Indeed, the Kingdom’s long-term development plan, Vision 2030, explicitly references this issue. Such a view will require close cooperation between educational institutions and the private...
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