Economy

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INTERCONTINENTAL RIYADH King Saud Road, PO Box 3636, Riyadh 11481 T: (+966) 11 465 5000 www.intercontinental.com/riyadh reservations.icriyadh@ihg.com Rooms: 275 rooms, with 140 standard rooms, 39 junior suites, five large executive suites, two royal suites, 56 club rooms, 10 presidential suites, five club royal suites and 18 cabana...

 

ETIQUETTE: There are social expectations for interactions between unrelated men and women, which is polite to follow when visiting Saudi Arabia. Businessmen should wait for a woman to offer her hand to shake in a meeting. In other situations, keep a respectful distance. Handshakes between men are common. Saudis pride themselves on their...

 

With one of the highest military spends worldwide, Saudi Arabia is in the midst of restructuring its defence sector and expanding its military industry to greater higher added value can be generated for the national economy. The sector has witnessed significant change over recent years, with major reforms under way across all subsectors of the...

 

Efforts are under way to significantly expand domestic military and aerospace manufacturing capacity and foster a localised defence ecosystem. The country is pushing for greater localisation of its defence industry in order to reduce military hardware imports and stimulate the Kingdom’s industrial base. While still in its preliminary stage,...

 

Located on Saudi Arabia’s Red Sea coast, Jeddah is the Kingdom’s second-most populous city after the capital Riyadh, and serves as a key commercial and logistics centre. Its regional importance stems from more than its proximity to the holy cities of Makkah and Medina. In addition to boasting the two largest seaports on the Red Sea, the city...

 

Leveraging the large number of pilgrims who visit the holy cities of Makkah and Medina to boost broader tourism activity is an important goal for the Kingdom, and one area that could benefit substantially from this push is health care. The Kingdom’s increasing population, alongside enhanced transportation links with Makkah, Jeddah and major...

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