After a period of stabilisation in which the government implemented a number of reforms, the real estate and construction sectors are preparing for the introduction of a range of projects under the Saudi Vision 2030 initiative. Lower oil prices and the resulting fiscal consolidation of the state cooled demand in 2016 and early 2017; however,...
As the largest economy in the GCC, by both population and GDP, Saudi Arabia also has the region’s largest pharmaceuticals market. This has been growing by double digits in recent years, and while that expansion has slowed, there should be additional growth in the coming years from a major planned restructuring. Indeed, if current development...
The long-term development plan Saudi Vision 2030 seeks to transform the economy from powerful but hydrocarbons-dependent to diversified, dynamic and knowledge intensive, with a high standard of living for all citizens. One of the most ambitious policy documents published by any country, it is already having an extensive impact on the...
One of the main objectives for the Ministry of Education (MoE) in the National Transformation Programme (NTP), the kingdom’s development plan to 2020, is the continuation of a “shift to digital education in support of both teachers and students”. This ambition builds on major investment in recent years aimed at bringing the electronic...
Television in Saudi Arabia is arguably facing its biggest shift in 25 years as more traditional broadcasters disrupt digital consumption patterns. Over-the-top (OTT) video streaming services, led by Netflix, have changed the business model for networks and television producers around the world. Certain Netflix content has been available to...
In a push to diversify its economy, Saudi Arabia is determined to increase the role of the private sector in the development of its transport infrastructure, as well as in the operation of seaports, airports and related supply chains. Public-private partnerships (PPP) are being pursued to fund several key schemes, while a number of the country’s...
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