Historically, oil has generated the majority of Saudi Arabia’s revenues and around 50% of its GDP. However, in recent years an emphasis has been placed on growing the Kingdom’s non-oil private sector by bringing in manufacturing and other industries to diversify the economy. The National Transformation Programme (NTP) has replaced the Kingdom’...
With Saudi Arabia’s population now above 30m, and an increasing number of high-end private and public hospitals in the Kingdom, there are strong opportunities in the field of pharmaceuticals, not only for companies looking to import drugs but also for the local production of pharmaceuticals and medical devices, an area the government is eager...
There is a growing awareness in Saudi Arabia that cybersecurity is a major global priority, and that the Kingdom needs to be adequately prepared to deal with advanced cyberattacks. In August 2015 Saudi government websites, including state education, health, sports and municipal sites, were targeted and breached over the course of two hours....
Saudi Arabia was the eighth-largest producer of cement in the world in 2014; however, the slowdown of the economy and the energy price hikes of December 2015 have impacted the sector. While major government-led infrastructure projects are still going ahead – though some are delayed and others may be downsized or cancelled at a later date – the...
One sector Saudi Arabia is pushing hard to develop is its domestic automotive industry. The national strategic plan, part of the Ninth Development Plan ( 2010-14), included automotive development as one of the central pillars of Saudi industrial strategy. In fact, the automotive industry is seen as part of a larger industrial project whereby...
With some analysts expecting Saudi Arabia’s population to expand by just over 8m to reach 39.1m by 2030, along with continued growth in the Kingdom’s energy-intensive industries, demand for electricity and desalinated water is set to rise considerably in the coming years. Estimates suggest that more than SR500bn ($133.3bn) will need to be...
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