The Middle East

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Chapter | Jeddah from The Report: Saudi Arabia 2016

Spurred by rapid population growth and mounting public and private investment, Jeddah – Saudi Arabia’s second-largest city – is on the rise. Since the early 1990s the population of its urban area has more than doubled, reaching 4.1m residents as of the end of 2015. While this growth has slowed somewhat over the past half decade, from a high of 3.4% in 2011 to 2.6% in 2015, rising economic...

Chapter | Makkah & Medina from The Report: Saudi Arabia 2016

As home to the world’s most important Islamic sites – including the Masjid Al Haram, or Grand Mosque, which houses the Kaaba – the holy cities of Makkah and Medina are at the centre of religious life for the world’s 1.2bn-strong Muslim population. Located near Jeddah, in western Saudi Arabia, each year the two cities attract millions of religious visitors performing the annual pilgrimages of...

Chapter | Insurance from The Report: Saudi Arabia 2016

Collectively, the Saudi Arabian insurance industry has seen five years of double-digit growth in both revenue and net profit. However, the positive performance of a few of the Kingdom’s largest insurers masks more modest results from many of its smaller firms, some of which have accumulated debts over many years. Although industry experts believe the overall outlook is positive for a country...

Chapter | Capital Markets from The Report: Saudi Arabia 2016

While subdued oil prices have had a ripple effect on exchanges across the region, the Saudi Stock Exchange (Tadawul) has forged ahead with a bold strategy of reform. Having opened the door to direct foreign participation for the first time in 2015, in 2016 the exchange authorities and the market regulator are preparing for a new stage of development, which will see the Tadawul integrate...

2016 witnessed the launch of the Kingdom’s historic Vision 2030 and the accompanying National Transformation Programme, both of which call for a major overhaul of the state’s economic apparatus and envision a more open market framework and more dynamic, private sector-led growth moving ahead.

Chapter | The Guide from The Report: Dubai 2016

The guide contains listings of some of the leading hotels and resorts in Dubai, and contacts for important government offices and services. It also contains useful tips and information for first-time, regular, business and leisure visitors alike.

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