Originally scheduled to take place in 2020 and postponed as a result of the Covid-19 pandemic, the 2022 General Housing and Population Census is the fifth nationwide census in the history of Saudi Arabia. Mandated in 2017, the census is a key step towards achieving the objectives of Vision 2030, particularly with regards to the acceleration of socio-economic development...
While Saudi Arabia has long been a key market for many multinational corporations, these have often headquartered themselves elsewhere in the region, with only a secondary presence in the Kingdom. This is changing, however, as the market opens up more to international businesses and a new policy begins to take effect. Known as Programme HQ, this new policy aims to attract...
From remote work to widespread job losses, the Covid-19 pandemic dramatically changed the way people work. These interruptions are likely to have a significant impact on the labour market well into the future. In a briefing from June 2021, the UN said that many emerging markets in particular were experiencing a “full-blown unemployment crisis” that was exacerbating existing...
With increasing oil and gas prices and an expanding non-oil sector, Saudi Arabia has been logging record trade surpluses in recent years, while securing government revenue for future investment. Saudi Arabia is expected to be among the fastest-growing economies in the G20 in 2022 – and the Kingdom was on track to fulfil that forecast by the middle of the year. Indeed, in the...
The National Development Plan (Plan National de Développement, PND) 2012-15, the first of three in recent history, was successful in stabilising and reviving the economy in an environment of restored peace. Both in planning and implementation, the PND 2012-15 constituted the backbone of the recovery and growth of the economy, supported by the country’s development partners....
Financial technology (fintech) firms are gaining market share that was formerly the preserve of established remittance service providers. Remittances have grown in importance in recent years and today constitute the largest source of foreign income for many developing economies. They also tend to be countercyclical, increasing during economic downturns or natural disasters...
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