With record public expenditure of SR1.1trn ($293.3bn) in 2019 and government stimulus packages for the private sector, schemes devised under Vision 2030 to boost employment levels of Saudi workers and create new opportunities for local businesses look set to bear fruit. A range of planned infrastructure projects are set to begin construction....
The comprehensive reforms taking place across Saudi Arabia’s economy include strategies to nurture the development of a broader industrial sector, while also improving the employment prospects and living standards of citizens. Particular focus is being paid to industries that can provide opportunities for young Saudi citizens and residents of...
Saudi Arabia has no permanent running surface water and experiences an average of 100 mm of rainfall per year, with this largely concentrated in the south-western mountains during the summer months. Traditionally, the country relied on wells drilled into non-renewable subterranean aquifers and surface run-off for its freshwater needs, and the...
In order to achieve its objectives of broadening the energy mix and diversifying the economy away from oil dependence, the government is pursuing reform of the energy sector. Vision 2030, the Kingdom’s long-term economic diversification and development programme, foresees a greater role for the private sector in the provision of electricity...
Amid ongoing reform of subsidies, the gradual privatisation of public assets, and ambitious plans to expand seawater desalination facilities and improve sanitation infrastructure, Saudi Arabia’s utilities sector will undergo significant changes over the coming years. In order to diversify its energy mix, the Kingdom is pursuing a series of...
Renewable energy solutions in Qatar are set to advance significantly in 2019 as international bidders vie for the opportunity to build the country’s first utility-scale solar energy facility. This follows the acknowledgement over a decade ago that renewables have the potential to add economic value by diversifying energy sources, freeing up...
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