Saudi Arabia Industry

Displaying 19 - 24 of 137

 

The role of SMEs is being re-evaluated in the light of Vision 2030, which has made boosting their contribution to GDP a key part of its strategy to create opportunities in a thriving economy. A new government agency, the SME Authority (SMEA), was created in October 2015 to champion small businesses. SMEA notes that while in many advanced...

 

What are some of the key advantages of investing in Saudi Arabia’s industrial cities?

 

The sweeping changes announced in Vision 2030 aim at giving rise to a reinvigorated and prosperous private sector, driving growth through broad industrial development. By the time the G20 summit convenes in Riyadh in 2020, four years after the Vision 2030 announcements, the country’s leaders will be able to showcase some of the first results...

 

The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...

 

With record public expenditure of SR1.1trn ($293.3bn) in 2019 and government stimulus packages for the private sector, schemes devised under Vision 2030 to boost employment levels of Saudi workers and create new opportunities for local businesses look set to bear fruit. A range of planned infrastructure projects are set to begin construction....

 

Saudi Arabia has no permanent running surface water and experiences an average of 100 mm of rainfall per year, with this largely concentrated in the south-western mountains during the summer months. Traditionally, the country relied on wells drilled into non-renewable subterranean aquifers and surface run-off for its freshwater needs, and the...

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