A key oil producer with over 15% of the world’s proven reserves, Saudi Arabia is undergoing a major economic transformation under its Vision 2030 plan. The program aims to diversify the economy away from oil, which accounts for about 60% of its public revenues and 75% of its exports. ...
In Saudi Arabia, one of the main challenges is that EVs could put extra pressure on the electricity grid, particularly in the Central and Southern regions. Egypt’s main challenge relates to affordability as consumers there generally have much lower purchasing power than those in the Gulf, and ...
In September of 2022, the UBS AM Emerging Markets Equities team travelled to Saudi Arabia (Riyadh and Dammam) and Qatar. We visited more than a dozen companies, as well as the Saudi Ministry of Economy and Planning and the Saudi Central Bank. Here are some o...
Partnering with China will unlock new opportunities and diversify Saudi Arabia's economy, as success has been made in decoupling from oil sector, according to Saleh Khabti, Deputy Investment Minister for the Kingdom of Saudi Arabia. He mentioned that the options for cooperation...
In 2023, Saudi Arabia's estimated unemployment rate amounted to approximately 4.01 percent. This decrease is down almost 1 percent from the year before. The unemployment rate is defined as the percentage of unemployed workers in the total labor force. Where are people employed? Saudi Arabia's ...
FinancialStabilityReport2023 SaudiCentralBank FinancialStabilityDepartment KingSaudBinAbdulazizStreet P.O.Box2992 11169Riyadh KingdomofSaudiArabia E-mail:FinancialStabilityDepartment@SAMA.GOV.SA Theyear2022markedcontinuedgrowthfortheSaudieconomy,despiteglobaleconomicchallenges,whichinclude geopoliticaldevelopments,inflatio...
Saudi Arabia 全文约18000余字.. 背景(Background) 沙特阿拉伯是伊斯兰教的发源地,也是伊斯兰教两大圣地麦加和麦地那的所在地。 国王的正式头衔是两圣寺的监护人。 现代沙特国家由 ABD AL-AZIZ bin Abd al-Rahman AL SAUD(伊本沙特)于 1932 年建立,经过 30 年的统一阿拉伯半岛大部分地区的运动。 根据该国 1992...
RIYADH, Feb. 27 (Xinhua) -- Saudi Arabia received 106.2 million domestic and international tourists in 2023, the Saudi Ministry of Tourism said in a statement on Tuesday. The total number of tourists represented a 56-percent increase from 2019 and a 12-percent rise from 2022. The number of...
Saudi Arabia signs off on Artificial Intelligence policy "Data is the single most important driver of our growth and reform and we have a clear roadmap for transforming Saudi Arabia into a leading AI and data-driven economy,” said Dr Abdullah bin Sharaf Al Ghamdi, president of SDAIA".....
bound tourists in 2024, compared to 27.4 million in 2023. In addition, in March 2025, the tourism government stated Saudi Arabia’s sports boom which has drawn 2.5 million tourists over the past four years, emphasizing the Kingdom’s push to diversify its economy and expand its tourism ...