A key component of Saudi Arabia’s continued economic diversification strategy calls for strengthening the role of the most prolific segment of the private sector – small and medium-sized enterprises (SMEs). Already growing at a healthy rate, SMEs can provide valuable employment opportunities for a rapidly growing and young...
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Articles & Analysis | Starting small: Small business is central to diversifying the domestic economy from The Report: Saudi Arabia 2013
Articles & Analysis | Linked in: Efficient connections keep things moving from The Report: Saudi Arabia 2013
As the heart of Saudi Arabia’s industrial sector and endowed with a wide array of plentiful mineral and hydrocarbons resources, maintaining effective transportation routes throughout the Eastern Province is crucial to the economy’s smooth running. Seeking to keep vital supplies of petroleum and a growing range of imports and...
Articles & Analysis | Sovereign wealth: The country’s wealth funds now include more diverse investments from The Report: Saudi Arabia 2013
With the Kingdom’s coffers enjoying the fruits of high hydrocarbons prices, the state is looking to ensure that today’s good fortune is passed on to future generations. Traditionally managed by the Saudi Arabian Monetary Agency (SAMA) and the Ministry of Finance, the country’s stewardship of these wealth funds is now being...
Interviews & Viewpoints | OBG talks to Zafer Ça ğlayan, Turkish Minister of Economy from The Report: Saudi Arabia 2013
Articles & Analysis | A look toward tomorrow: Authorities and residents make improvements to the city from The Report: Saudi Arabia 2013
The second-largest city in Saudi Arabia, Jeddah, dates back to within 20 years of the Prophet Muhammad’s life. The city’s seaport is now the largest in the Kingdom and is complemented by a busy international airport. And while Jeddah is known to many as the country’s commercial capital, it is also the principal gateway for a...
Articles & Analysis | Progress report: New plans for the budget are focusing on a variety of sectors from The Report: Saudi Arabia 2013
With Saudi Arabia’s recent budget providing the financial fuel for the country’s economic expansion and diversification, the government’s ninth development plan (NDP) 2010-14 provides the roadmap. The most recently updated version of the plan divides SR1.4trn ($373.1bn) among five development sectors. Developed by the Saudi...