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...
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...
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...
In November 2020 Riyadh is set to host the 15th annual G20 Leaders’ Summit, bringing together the leaders of some of the world’s largest economies. Although the summit will span a period of just two days, more than 150 separate meetings, exhibitions and events are being organised around it, and are expected to be a major boon for the local...
Across the Gulf public health authorities and private institutions are investing in smart technologies to improve patient care. Data collection, sharing and analysis, DNA-driven research on precision medicine, and distance consultation and diagnostics are already being implemented in some areas of the GCC. The region’s hydrocarbons wealth is...
The Fourth Industrial Revolution (4IR) will pave the way for technology that has the power to greatly transform economies and societies worldwide. These technologies, which include artificial intelligence (AI), blockchain, big data tools, the internet of things (IoT) and robotics, can improve overall quality of life and increase the efficiency...
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