Home to an estimated 15.7% of the world’s proven oil reserves and the single largest economy in MENA, Saudi Arabia is a key player not only in the region, but also globally. Since its establishment in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development, diversification and modernisation initiatives. In the last few years, Saudi...
Economy
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Chapter | Country Profile from The Report: Saudi Arabia 2018
Articles & Analysis | Saudi Arabia supports start-up culture among young people from The Report: Saudi Arabia 2018
The government’s recently defined youth employment targets come at a time when the issue has never been more pressing. According to the General Authority for Statistics, the total employment rate in the Kingdom was 94.2% as of the third quarter of 2017, while the employment rate for Saudis was 87.2%. Worryingly, however, youth unemployment has...
Articles & Analysis | Privatisation of Saudi Arabia's public assets targets diverse sectors from The Report: Saudi Arabia 2018
According to Vision 2030, the expansion of private sector activity is a key strategic objective of the Ministry of Economy and Planning, which has been charged with creating “an attractive environment for both local and international investors, and enhancing their confidence in our economy”. More specifically, government bodies such as the...
Interviews & Viewpoints | Prince Turki bin Saud bin Mohammed Al Saud, President, King Abdulaziz City for Science and Technology (KACST): Interview from The Report: Saudi Arabia 2018
What new technologies are arising in line with National Transformation Programme (NTP) targets?
Articles & Analysis | GCC sovereign wealth fund activity picks up from The Report: Saudi Arabia 2018
The number of sovereign wealth funds (SWFs) operating in the GCC has grown significantly in the last decade. The value of these SWFs – created to invest and manage the huge sums flowing into the region from hydrocarbons sales – stood at $2.9trn in March 2017, according to the Sovereign Wealth Fund Institute (SWFI), reflecting 38.5% of the...
Articles & Analysis | Saudi Arabia pursuing economic diversification under Vision 2030 from The Report: Saudi Arabia 2018
Home to an estimated 15.7% of the world’s proven oil reserves and the single largest economy in MENA, Saudi Arabia is a key player not only in the region, but also globally. Since its establishment in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development, diversification and...