Government agencies and private companies are working together to try to provide young Saudis with the skills that will allow them to work in the Kingdom’s non-oil private sector, which enjoyed growth of 5.5% in 2013, according to Jadwa Investment. In its current five-year plan the government has earmarked a total of SR23.14bn ($6.17bn) for...
For a young country accustomed to relying upon hydrocarbons exports for almost all of its income, education is at the heart of an ambitious agenda to mature and diversify into a knowledge-based economy by 2025. With this in mind, Saudi Arabia has stepped up investment in the education sector and in the young people who will be expected to...
Based on metrics such as the number of scientific papers published in the field, Saudi Arabia is the largest agricultural research centre in the GCC and one of the largest in the Middle East. While the level of research and development (R&D) activity in the Kingdom is low by the standards of major international agricultural research...
As the Kingdom prepares to phase out domestic wheat production, the authorities are planning to double the size of strategic reserves by 2016 in order to ensure the country’s food security. To achieve this, the government is currently investing in a major expansion of domestic grain storage capacity. The authorities have also decided to...
Saudi Arabia is one of the largest producers and exporters of agricultural goods in the region. Although agriculture accounts for a relatively small proportion of GDP and overall land use, and although the Kingdom has a negative trade balance when it comes to agricultural goods, it is nonetheless self-sufficient or close to self-sufficient in...
Although infrastructure upgrades are supplying the construction industry with the biggest share of its projects, housing will remain an important source of work in the coming years. According to Kuwait Finance House, real estate projects account for 35% of ongoing construction projects in Saudi Arabia. With the government keen to bridge the...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×