Looking forward to 2032, the King Abdullah City for Atomic and Renewable Energy (KACARE) estimates that 13-14% of Saudi Arabia’s power will be generated by nuclear reactors, and an eventual goal has been set of supplying 17.6 GW of power to the national grid. In addition, the Kingdom hopes that this investment will not only help meet growing...
At a time of great change in Saudi Arabia and amidst debates about rapid economic diversification, it is perhaps easy to overlook the fact that even in the most optimistic forecasts of Saudi Vision 2030 – the national development strategy – the oil and gas sector will account for at least half of the country’s exports in the fourth decade of...
Visits to Jeddah are on the rise, and this is expected to continue amid efforts to promote domestic tourism and position the wider industry as a significant contributor to economic development. According to the Tourism Information and Research Centre (MAS), the statistical arm of the Saudi Commission for Tourism and National Heritage, domestic...
On January 4, 2016, with Brent crude valued at $30 per barrel, Crown Prince Mohammed bin Salman Al Saud first mentioned the possibility of selling off a small part of the state oil company, Saudi Aramco. Even with global oil prices in the doldrums, his mention of a possible IPO of the firm in a rare interview with The Economist...
As the second-largest city in Saudi Arabia, Jeddah plays a central role in the Kingdom’s non-oil economic growth, largely due to a combination of its roots in shipping and trade, and its importance as a transit point for millions of visitors travelling to the holy cities of Makkah and Medina each year.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×