Dubai’s economy is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment. Despite producing little oil, growth has been affected in recent years by the knock-on effects of the fall in international oil prices and a consequent slowdown...
While government-related entities (GREs) play an important role in the economy, Dubai has one of the most dynamic private sectors in the Gulf. A diversified activity base and attractive business environment have drawn in high levels of foreign direct investment. Private firms are particularly dominant in the small and medium-sized enterprise (...
For the nations of the GCC, the drop in oil prices highlighted something many already knew – there is a pressing need for economic diversification and to further engage with global partners across different markets. To this end, countries in the region have made efforts to expand their international role and reach in recent years, with trade...
The Kingdom’s long-term development plan, Saudi Vision 2030, gives a special place to the transport and logistics sector, aiming to leverage the country’s unique location on global shipping routes to make the maritime industry a cornerstone of national development. This means a much greater focus on domestic ports, with many projects already...
In its efforts to become a logistics trading hub linking Asia, Africa and Europe, Saudi Arabia has taken concrete steps to comply with the highest international standards in freight handling. In July 2016 the Kingdom signed the World Trade Organisation’s Trade Facilitation Agreement (TFA) and in March 2017 it announced its decision to join the...
A rapidly developing railway network has the potential to transform movement around Saudi Arabia, resulting in less road congestion, an improved travel experience for millions of pilgrims and faster delivery of industrial freight. According to a report by Terrapinn Middle East for the Middle East Rail 2017 event, it is estimated that the...
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