• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
Displaying 6727 - 6732 of 6749

 

Thanks to its large population, a renowned hydrocarbons industry and an increasingly diverse non-oil sector, Saudi Arabia is one of the world’s wealthiest nations and a member of the G20 group of major economies. IMF data shows its GDP to be larger than that of advanced economies such as Sweden, Norway and Austria, as well as those of Middle...

 

Home to the holiest site in Islam – the Grand Mosque and the Kaaba contained within it – and a place of pilgrimage for millions of Muslims, Makkah is a unique city. Its special status also presents local authorities with a unique set of challenges, not least how to expand capacity and facilities in a way that both satisfies the needs of...

 

In common with other cities in the Kingdom, Makkah’s growing population and location have placed a strain on the management of its water resources. The city’s rapid urban development, not to mention the regeneration of existing urban areas, is also necessitating a substantial programme of investment to expand and upgrade wastewater and...

 

Pilgrimage forms one of the five pillars of the Islamic faith, and performing the Hajj at least once is mandatory for all Muslims who are physically and financially able to do so. The Hajj, however, can only be performed once a year over a specific five-day period. With an estimated 1.6bn Muslims in the world, catering for this requirement...

 

To what extent is activity in the private sector currently underpinning non-oil economic growth?

 

The Kingdom’s second-largest city and its most significant seaport, Jeddah is a key engine of the Saudi economy. The “Bride of the Red Sea” is currently experiencing rapid population growth, as rural dwellers and migrant workers arrive in search of jobs and opportunities. To meet the infrastructural challenge presented by the pace of growth,...

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