Four years after the launch of Saudi Arabia’s comprehensive development strategy, Vision 2030, the Kingdom’s non-oil economy is starting to see the benefits of sustained reform. The government’s decision to weaken the link between hydrocarbons and economic growth has seen a robust pipeline of projects across a range of sectors come to fruition...
To what extent will technology-focused small and medium-sized enterprises (SMEs) support the growth of local content in the Kingdom?
As one of the world’s biggest oil exporters, Saudi Arabia’s trade links are well established and have a global reach. The revenue raised from outgoing shipments of this resource fund the government’s social and infrastructural programmes, and are therefore central to the Kingdom’s economy. Saudi Arabia’s non-oil exports, however, are...
While Saudi Arabia’s deep reserves have helped it mitigate the negative effects of the recent lowoil-price environment, the link between fiscal performance and global energy prices has long been acknowledged as a challenge to stability. Ramping up private sector investment, both local and foreign, is therefore a key pillar of the Kingdom’s...
The biannual meetings of the G20, of which Saudi Arabia is a member, have become major events in the global economic calendar. What started in 1999 as an informal gathering of central bankers and finance ministers has become the principal forum by which the world’s leading economies have sought to prevent worldwide economic crises. Its work...
How does an extended implementation of standardisation help improve efficiency and safety?
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