What are the prospects for greater private sector participation in the economy and the country’s broader economic diversification agenda?
Saudi Arabia
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Vision 2030 includes social development initiatives to empower micro-, small and medium-sized enterprises (MSMEs) and citizens, promote entrepreneurship and widen access to financing.
Economic update | Report: How can Saudi Arabia finance sustainable industrial development?
27 Sep 2022
Guided by the Vision 2030 strategy for diversification, rapid advancements are being made in Saudi industry, mining, logistics and renewable energy.
Economic update | The Gulf looks to carbon capture and hydrogen to drive the energy transition
10 Aug 2022
As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and other green energies to make their activities less carbon-intensive and support the energy transition.
As part of plans to expand and diversify its global trade partners, the GCC has launched negotiations with the UK on a free trade agreement that is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses.
Economic update | How the GCC Railway could revolutionise trade and transport in the Gulf
11 May 2022
Following delays, the long-awaited GCC Railway looks likely to be revitalised, a move that could transform trade and connectivity across the Gulf.