Following the costly price competition of 2013, which eroded profitability across the sector, the market has responded to regulatory intervention and returned to a trajectory of sustainable growth over the course of 2014. With expansion potential emerging from both big-ticket projects and the high-volume, low-value business at the retail end...
Project insurance is nothing new in Saudi Arabia: the insurance market in its modern form emerged in the 1970s, when foreign insurers, brokers and agents opened branches in the country to provide coverage for the spike in construction projects caused by the oil boom of that era. Over successive decades these firms expanded their business to...
Given the extensive losses many insurance companies have suffered over the last few years, what changes to the regulatory framework are needed?
Falling demand and rising competition for feedstock, alongside a national push to bring the price of raw materials closer to market rates, are combining to put pressure on Saudi Arabia’s petrochemicals industry.
How do Saudi Arabia’s economic cities differ from other economic zones in the MENA region?
While Saudi Arabia may traditionally have seen the oil fields in its Eastern Province as the source of its wealth, the gold, phosphates and bauxite found in its western and northern regions promise to provide a third pillar of the economy by complementing oil and petrochemicals. Billions of dollars will be ploughed into mining, infrastructure...
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