Economy

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Articles & Analysis | AGENCIES & MINISTRIES from The Report: Saudi Arabia 2016

 

Foreign Affairs (011) 406 7777 Interior (011) 401 1111 Commerce & Investment (011) 401 2222 Economy & Planning (011) 401 1444 Health (011) 212 5555 Finance (011) 405 0000 Water & Electricity (011) 203 8888 Municipality & Rural Affairs (011) 456 9999 Transport 011) 404 3000 Labour (011) 402 4444 Social Affairs (011) 541 5509...

 

Saudi Arabia is a socially conservative country, and interaction between unrelated men and women is prohibited. Businessmen should wait for a woman to offer her hand to shake in a meeting. In all other situations, keep a respectful distance. Handshakes between men are common. Saudis pride themselves on their hospitality, and it is impolite to...

 

Spurred by rapid population growth and mounting public and private investment, Jeddah – Saudi Arabia’s second-largest city – is on the rise. Since the early 1990s the population of the Jeddah urban area has more than doubled, reaching 4.1m residents as of the end of 2015, according to data from the General Authority for Statistics. While...

 

Jeddah’s industrial market has benefitted from a surge of investment, driven by efforts to diversify away from oil. In late 2015 the Kingdom’s government announced that 45m sq metres of land in and around Jeddah had been allocated for industrial development, to be overseen by the Saudi Industrial Property Authority (MODON), a quasi-...

 

As home to the world’s most important Islamic sites – including the Masjid Al Haram, or Grand Mosque, which houses the Kaaba – the holy cities of Makkah and Medina are at the centre of religious life for the world’s 1.2bn-strong Muslim population. Located near Jeddah, in western Saudi Arabia, each year the two cities attract millions of...

 

Over the last five years several major public transport development programmes have been launched in the cities of Makkah and Medina. Now in the design, tendering and construction phases, these initiatives have the potential to transform the way residents and pilgrims travel to, from and within Islam’s most important sites. The SR62bn ($16.5bn...

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