The drop in global oil prices in the second half of 2014 thrust Saudi Arabia’s energy sector into the spotlight, but the consequences for the Kingdom vary significantly depending on whether they are measured in terms of production, price or perception.
Local scientists and engineers working in Saudi Arabia’s laboratories and on its test rigs have been making significant research and development (R&D) gains in the energy technology sector in recent years. In 2014, Saudi Aramco set a new record for inventiveness and innovation – 99 patents were granted to the company in the US, while an...
Pilgrimage forms one of the five pillars of the Islamic faith, and performing the Hajj at least once is mandatory for all Muslims who are physically and financially able to do so. The Hajj, however, can only be performed once a year over a specific five-day period. With an estimated 1.6bn Muslims in the world, catering for this requirement...
In common with other cities in the Kingdom, Makkah’s growing population and location have placed a strain on the management of its water resources. The city’s rapid urban development, not to mention the regeneration of existing urban areas, is also necessitating a substantial programme of investment to expand and upgrade wastewater and...
Given the constricted land environment, development costs and affordability issues in Saudi Arabia, some real estate firms are beginning to rethink the building model in the Kingdom. Indeed, from developing with greater height and density to rolling out fully serviced and planned communities, the built environment across the country is...
The basic outline of the Saudi Arabian property market provides a tempting picture of a land of opportunity. The most populous country in the GCC region, the Kingdom has seen disposable income grow strongly. Furthermore, it has a youthful population and a culture that emphasises family formation, as well as the prospect of purchasing a first...
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