In its drive to diversify its industrial base and attract inward investment into the Kingdom, Saudi Arabia offers commercial land at significantly discounted rates in zones known as industrial cities. Although there is no prohibition on the construction of made-to-measure factories by businesses moving to one of these industrial cities, there...
The non-oil private sector is forecast to grow at more than 5% in 2015 and is expected to lead to economic expansion in three directions: vertically in industries drawing on the Kingdom’s hydrocarbons endowment; horizontally in industries that do not rely on oil; and spatially into areas of the country that have grown more slowly than the...
The growing security threat posed by cyber-attacks as Saudi Arabia becomes ever more reliant on IT has led to the development of a national information security strategy (NISS) and increasing investment in cybersecurity. Demand for cybersecurity products comes from both the government and private sectors. “Cybersecurity is big business in...
Heavy investment in defence procurement by Saudi Arabia has been accompanied by a desire on the part of government to see such spending advance not just the Kingdom’s national security objectives but also its ambitions to become a knowledge-driven economy. Critical to these efforts are foreign expertise and investment in skilled job-creating...
While Saudi Arabia may traditionally have seen the oil fields in its Eastern Province as the source of its wealth, the gold, phosphates and bauxite found in its western and northern regions promise to provide a third pillar of the economy by complementing oil and petrochemicals. Billions of dollars will be ploughed into mining, infrastructure...
The Kingdom’s agricultural sector is a little unusual by the standards of emerging markets. Whereas in many countries the major challenge is turning primary production into higher-value end products, Saudi Arabia is faced with the opposite issue. The Kingdom has developed a highly successful processing industry. However, this sector is...
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