Saudi Arabia Economy

List of all articles filed under “saudi-arabia-economy” category.

THE LINE: The Modern Marvel Set to Transform Saudi Arabia’s Urban Development Scene

Amidst Saudi Arabia’s rapid modernization, construction projects have become synonymous with the Kingdom’s forward-looking vision. The country’s commitment to innovation and development is evident in the vast array of construction endeavors, ranging from towering skyscrapers to ambitious infrastructure projects. In this landscape of progress stands an upcoming architectural marvel, THE LINE, a groundbreaking project set to reshape the concept of sustainable urban development.

Big 5 Construct Saudi: Driving Saudi Arabia’s Construction Sector Towards Vision 2030

The construction sector in Saudi Arabia is poised for robust growth, projected to expand by an average annual rate of 4% from 2024 to 2027, fueled by strategic initiatives aimed at economic diversification in line with Vision 2030. Riding on this upward trajectory, Big 5 Construct Saudi, the Kingdom’s premier construction event, is back for its 12th edition at the Riyadh Front Exhibition and Conference Centre from February 26 to 29, 2024.

Vision 2030 to Diversify the Economy of Saudi Arabia: The Largest Economy in the Middle East

The economy of Saudi Arabia is the largest economy in the Arab world and the Middle East. The standard of living is one of the highest in the Middle East, with a GDP per capita of over $ 20,000. The far-reaching public works policy undertaken by the authorities, together with foreign direct investment and the strength of the financial and banking system, have enabled the country to become the number one regional economy and one of the largest in the world.

Outlook for Saudi capital markets and mortgage market

The Islamic finance industry has evolved in the direction of complying with the conventional system. Islamic finance industry has to rethink its philosophy. The latest trend in the industry is the emergence of innovations from Islamic institutions that are derived from the principals of the Islamic finance philosophy, not from the motive of providing solutions or mimicking the conventional finance systems.

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