Economy

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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...

 

How can the tourism industry leverage the expansion of King Abdulaziz International Airport (KAIA) and the newly liberalised visa regulations?

 

The cities of Makkah and Medina, situated near the Red Sea in western Saudi Arabia, are the two holiest sites in Islam. The former is the birthplace of the Prophet Muhammad, while the latter, some 500 km away, provided him sanctuary when he fled Makkah and is where he is buried. It was in Medina that Prophet Muhammad was instrumental in...

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