While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic rerisk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Although economic diversification and a strengthened private sector are cornerstones of Vision 2030, the blueprint for the transformation and diversification of the country’s economy, corporate consolidation and continued state ownership are features of the planned merger between Saudi Arabia’s most influential corporations. If Saudi Aramco’s...
Saudi Arabia’s ability to influence global oil prices relies not only on its production capacity but also on its ability to quickly and efficiently export hydrocarbons products to its trading partners. From ports on the Red Sea and the Gulf, Saudi Aramco operates the world’s largest oil and gas export facilities, including the world’s biggest...
In a September 2018 inauguration ceremony in Jeddah, King Salman Abdulaziz Al Saud opened to the public Saudi Arabia’s newest train line, the Haramain High-Speed Rail. The new route measures roughly 450 km in length and connects Makkah to Medina via Jeddah, King Abdulaziz International Airport (KAIA) and King Abdullah Economic City (KAEC). It...
As Saudi Arabia’s second-largest city, Jeddah serves as an important commercial centre and is also the setting for a series of important developments that are under way, which will secure its place on the map as a regional economic centre. While Jeddah already boasts the biggest seaport on the Red Sea and is the gateway to the holy cities of...
Makkah and Medina are situated in western Saudi Arabia, near the coast of the Red Sea and roughly 350 km apart. The cities are home to Islam’s holiest sites, and are thus important to the religious lives of many of the world’s 1.2bn Muslims. Makkah is the birthplace of the Prophet Muhammad and the location of the Masjid Al Haram, also known as...
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