Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Driven by government infrastructure spending related to Qatar National Vision 2030 and the upcoming 2022 FIFA World Cup, Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. The laying of new rail and metro lines, a growing airport and port, and a rapidly expanding road network have...
In its Qatar National Vision 2030 development plan, the country has identified infrastructure building as key to engendering “a dynamic and more diversified economy”. Added to this long-term outlook is the impetus created by hosting the 2022 FIFA World Cup, during which athletes and spectators from around the world will play in Qatar’s...
Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. Although activity remains robust, the wider economic squeeze brought about by the 2014-16 oil glut has been felt in the sector, as the effects of lower oil and gas revenue trickled down to impact government expenditure and investor confidence. A narrower project pipeline and increased...
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