With the largest economy and population in the GCC, Saudi Arabia has long been a key destination for regional and international business leaders. The meetings, incentives, conferences and exhibitions (MICE) segment of the tourism industry has been a mainstay of many of the Kingdom’s hotels and hospitality services. Under the National...
As the largest economy in the GCC, by both population and GDP, Saudi Arabia also has the region’s largest pharmaceuticals market. This has been growing by double digits in recent years, and while that expansion has slowed, there should be additional growth in the coming years from a major planned restructuring. Indeed, if current development...
After a period of stabilisation in which the government implemented a number of reforms, the real estate and construction sectors are preparing for the introduction of a range of projects under the Saudi Vision 2030 initiative. Lower oil prices and the resulting fiscal consolidation of the state cooled demand in 2016 and early 2017; however,...
Hospitals in Saudi Arabia are among the best equipped in the GCC region, with some of the most up-to-date medical devices furnishing the country’s medical centres and clinics with advanced diagnostic and prosthetic equipment and medical appliances.
After a slower period for developers, 2017 saw a wave of new mega-projects announced in the Kingdom, with cities including Taif, Jeddah, Makkah and Medina set to host new large-scale developments. The emphasis was on providing needed homes for the growing Saudi population and driving further economic diversification, with projects aiming to...
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