Although traditionally seen as a region of high carbon emissions, the Middle East is gradually taking steps toward change, pushing for greater use of renewable energy. Saudi Arabia is among those governments in the region that are setting ambitious targets for renewable energy use – in early 2012 the Kingdom, along with Kuwait, and Oman,...
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Articles & Analysis | Green light: Renewable energy goals present both challenges and opportunities from The Report: Saudi Arabia 2013
Articles & Analysis | Building up strength: Lessons to be learned about tendering and expectations as the economy recovers from The Report: Saudi Arabia 2013
As governments work to realign their development plans with current economic realities, and investors reshape business models with the same aim, the GCC construction sector offers a useful example of the importance of taking stock and moving on. While many construction markets in the Middle East have stalled in recent years, Saudi Arabia’s...
Articles & Analysis | A healthy approach: A growing population has highlighted the need for investment in health care from The Report: Saudi Arabia 2013
In 2012 the Saudi government allocated SR86.2bn ($23bn) to health and social affairs, the largest amount in its history. Upgrading the health sector has become part of the country’s social strategy as it strives to accommodate the needs of a growing population expected to reach 32.8m by 2016.
Keeping abreast of tax developments is essential for any business hoping to optimise its financial position. This chapter provides an overview of the business environment in Saudi Arabia, outlining the key areas of investment and growth. This chapter also includes a viewpoint with Bakr Abulkhair, Chairman and Managing Partner, Deloitte & Touche Bakr Abulkhair & Co.
Interviews & Viewpoints | Irhoan Tanudiredja, Senior Partner, PricewaterhouseCoopers, on the challenges the country faces moving forward from The Report: Indonesia 2013
In less than three years Indonesia will encounter the ASEAN Free Trade Area (AFTA), which will eliminate intraregional tariffs and non-tariff barriers among the South-east Asian countries, with a view to integrate the economies in the region into a single production base and regional market. AFTA is aimed to increase ASEAN’s competitive edge, to attract investment and...
Articles & Analysis | Improved environment: The tax system and regulations for potential investors from The Report: Indonesia 2013
The Indonesian tax system continues to evolve but for several years has been mainly based on three primary tax laws – the General Tax Provisions and Procedures Law, the Income Tax Law, and the Value-Added Tax (VAT) and Luxury Sales Tax (LST) Law. These tax laws are routinely amended to accommodate the rapidly changing business environment and to...