2017 proved a momentous year for the Kingdom of Saudi Arabia as the various strategies related to the country’s Vision 2030 and National Transformation Plan 2020 started to take shape.
Transport
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Meeting the demand for transport infrastructure in Africa’s largest country is a priority for the government. The current five-year development plan includes a major sector reconfiguration programme that allocates around €6.9bn to the upgrade, extension and construction of strategic segments, primarily maritime and rail. Traffic congestion and overdependence on road transport, inefficiencies...
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
Guided by the state’s long-term economic development plan, Qatar National Vision 2030, and driven by preparations for the 2022 FIFA World Cup, Qatar is investing heavily in infrastructure programmes focused on its non-oil and gas sectors. More than $500m a week is being spent across all capital projects in the country in preparation for the upcoming games, with investments of up to $13bn in...
2017 proved a turbulent year for Qatar, dominated by the diplomatic rift that emerged between the country and several other regional states in June 2017. However, Qatar has adapted quickly, with many in the local business community confident about the future.
Road, port, airport and rail upgrades are a critical priority for the government of President Joko Widodo, with his administration having overseen an infrastructure and transport spending surge since taking office in 2014. The main aims of this increased resource allotment are to lower transportation costs – which are among the highest in South-east Asia – reduce congestion, and improve the...