Saudi Arabia Economy

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.

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

February 13, 2024

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.

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

February 3, 2021

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.

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A leading hotel in Riyadh discusses the tourism sector in Saudi Arabia

May 5, 2016

In the last two years, more than 84 billion Saudi riyals have been invested in the country’s tourism sector, according to the manager of a leading five star hotel in Riyadh. Around 11 million people visit the Kingdom each year, primarily for religious tourism.

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Outlook for Saudi capital markets and mortgage market

April 13, 2016

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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Shaker Group: air conditioners in Saudi Arabia to become energy efficient

February 9, 2016

Shaker is in the retail and project market. We supply durable goods, mainly air conditioning through our partnership with LG and also home appliances with Whirlpool Group & Midea Group. This has been the story of Shaker for the past 60 years. We hold a dominant position in that market, especially in AC.

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Saudi economic and investment outlook by Aljazira Capital

January 19, 2016

Ziad Tarek Abdullah Aba Al-Khail, Managing Director and CEO of AlJazira Capital talks about Saudi capital markets.

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Saudi Economic Outlook 2016

January 15, 2016

Paddy Padmanathan, President and CEO of ACWA Power talks about the outlook for the economy in Saudi Arabia.

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Outlook for the capital markets in Saudi Arabia by Aljazira Capital

January 12, 2016

Public debt in Saudi Arabia is among the world’s lowest, with a gross Debt-to-GDP ratio of less than 2% in 2014 and is expected to be around 6% by the end of 2015. The transportation mega projects will lead to economic activity and growth, plus the hospitality projects around Mecca and Medina.

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Saudi stock market will experience challenges in 2016

January 12, 2016

The Saudi stock market today has been negatively affected by many factors particularly the geopolitical issues especially in Yemen and Syria and the sharp decline of the oil price from $120 to $40, which is a decline of some 60 or 70%.