• 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.
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Start-ups that have performed well during the implementation of social distancing and lockdown measures might offer favourable opportunities to investors amid the uncertainty, while the changing investment environment is set to add impetus for greater collaboration and renewed risk evaluation.

 

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...

 

What should investors and local entrepreneurs take into account prior to investing in the Kingdom?

 

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,...

 

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...

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