Having posted another year of positive results, Saudi Arabia’s banking sector is positioning itself to take advantage of the government’s expansionist fiscal policy and the large number of projects this has created. In the meantime, opportunities in other areas of the lending landscape are being explored, most notably among the nation’s...
Charting a course for government policy over the next five years, the Kingdom’s 10th Development Plan, which runs from 2015 to 2019, places renewed emphasis on education and private sector development as the keys to economic diversification. In this regard, the plan represents the next step towards achieving the government’s long-term vision...
Banks in Saudi Arabia, like their counterparts elsewhere in the region, have benefitted from an increased appetite for loans from retail customers as the economy has shrugged off the effects of the 2008 global financial crisis. Retail lending, according to Aljazira Capital, increased as a share of total loans from around 21% in 2008 to 29.3%...
During the Kingdom’s rapid process of urbanisation, the condition of Saudi Arabia’s natural waterways deteriorated. The wadis that first attracted settlers to Riyadh were neglected and their waters rendered undrinkable. These were replaced by desalinated water produced hundreds of kilometres away on the east coast. In Jeddah, flash floods...
The population expansion that has taken place in Saudi Arabia in the last 50 years has not been without consequences for the environment, particularly in urban areas, and the country is now rehabilitating its cities. Local and international teams of engineers, ecologists and architects are working with government agencies, which in turn are...
While economic and social development may be at the forefront of the agenda in Saudi Arabia, the Kingdom has also committed itself to policies related to the responsible stewardship of the environment, including its marine and desert habitats and natural spaces in its cities. Although the extraction and sale of fossil fuels continues to fuel...
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