As the Kingdom prepares to phase out domestic wheat production, the authorities are planning to double the size of strategic reserves by 2016 in order to ensure the country’s food security. To achieve this, the government is currently investing in a major expansion of domestic grain storage capacity. The authorities have also decided to...
Saudi Arabia is one of the largest producers and exporters of agricultural goods in the region. Although agriculture accounts for a relatively small proportion of GDP and overall land use, and although the Kingdom has a negative trade balance when it comes to agricultural goods, it is nonetheless self-sufficient or close to self-sufficient in...
Although infrastructure upgrades are supplying the construction industry with the biggest share of its projects, housing will remain an important source of work in the coming years. According to Kuwait Finance House, real estate projects account for 35% of ongoing construction projects in Saudi Arabia. With the government keen to bridge the...
Buoyed by prolonged government stimulus, Saudi Arabia’s construction sector is experiencing rapid expansion, with no shortage of contracts in any segment of the industry. From housing to utilities and transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns...
Raising employment levels has been a core concern for the Saudi government for several years now. As the Kingdom looks to develop a more sustainable economy, based on higher-value products and strong productivity, it is also looking to deal with the unemployment rate and place more Saudi nationals in the labour market.
The country’s industrial sector is dominated by heavy industries, in particular refining and petrochemicals, and to a lesser extent metals and fertiliser production. Yet the Kingdom also hosts a large manufacturing industry, which benefits from the availability of raw materials produced by local heavy industry. The authorities are keen to...
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