Tag: Saudi Arabia

Princess Lamia Al Saud

Princess Lamia Al Saud: UN-Habitat Goodwill Ambassador for Arab States

HRH Princess Lamia Bint Majed Al Saud appointed as first ever UN-Habitat Regional Goodwill Ambassador for Arab States. Princess Lamia Bint Majed Al Saud, Secretary General of Alwaleed Philanthropies, chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, has…

Saudi Transport Hajj season

Saudi Transport Sector Readiness for the Hajj Season 1440/2019

Saudi Arabia’s minister of transport H.E. Dr. Nabeel Al-Amudi assured the readiness of all transportation services in the holy cities of Makkah and Al Madinah for the Hajj season this year (9-14 August), after an inspection tour with the presidents…

Mining

Saudi Arabia Mining Sector Expands Amid Push for Private Investment

Efforts to encourage greater private sector participation have coincided with strong growth in Saudi Arabia’s mining sector, a key part of the country’s diversification strategy and a prominent driver of broader economic expansion. Mining grew by 6.3 percent year-on-year (y-o-y)…

entertainment

Saudi Arabia: Opening Up to Entertainment

Widespread reform in Saudi Arabia is opening up lucrative investment opportunities in the kingdom’s underdeveloped media and entertainment sector. Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking,…

Saudi Arabia

Venture Explains: NEOM

As part of its drive to reduce its overwhelming dependence on oil exports, Saudi Arabia is planning to build NEOM, a $500 billion, 26,500 square kilometer business zone and industrial site. How will it operate? It will be powered entirely by…

Regional Online Transactions Up 22 Percent in 2016 – Payfort

The Middle East saw an overall 22 percent increase in online transactions during 2016, according to a new report from online payment service PayFort. The fourth State of Payments in the Arab World report found growth was strongest in Saudi…

refugee crisis

Countdown to NEOM

Saudi Arabia’s planned $500 billion NEOM mega-city could easily become one of the most important economic development projects in the MENA region. And Jordan would have an important part in making it a success. The wildly ambitious NEOM business and…

Young People Need Jobs, and So Do Their Parents

Young People Need Jobs, and So Do Their Parents

Efforts to get young people into work should come as part of a wider package of macroeconomic policies. By Mary Kawar and Zafiris Tzannatos The conclusion of yet another successful World Economic Forum in the context of this year’s timely…