Saudi Arabia Knowledge Economy

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

Riyadh Valley Company: capitalising on emerging investment opportunities in tech sectors

We were established in 2010 and since then we have invested in around 16 companies but it is common to pull your investments out of certain companies sometimes which we have done two or three times. Of those 16 companies, 3 are international, 3 are JVs locally here but with international partners and the remaining companies are start-ups based on Intellectual Properties emerging from the university.

Al Yamamah University is becoming one of the leading universities in Saudi Arabia

Saudi Arabia is a growing nation. Statistics show that 70% of the population is under the age of 30. There is a huge demand for education. One need only look to the increasing number of universities and colleges opening up in the past 15 to 20 years to see that. Right now, the Kingdom has 28 public universities and 12 private ones, and nearly the same number of private colleges. We also have vocational training programs, and other options for military-specific training, or for medicine.

“Saudi Arabia has very low ATM per capita” says Abana

The government is keen to ease doing business in Saudi Arabia. With establishing SAGIA and allowing for 100% ownership, the government initiated steps towards this goal. There were obstacles before, but nowadays it is very easy to open a business. Recently, when King Salman visited the United States, he welcomed an open market for the retail sectors.

Increased military spending to boost manufacturing and knowledge sectors creating advanced jobs and further diversifying Saudi economy

The top three largest defense spenders in the world are the US, Russia, and China. According to 2014 figures compiled by the Stockholm International Peace Research Institute, Saudi Arabia comes in as a close fourth, having spent an estimated $80.8 billion dollars up by 17% from 2013.

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