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  • Economy
    Saudi non-oil businesses climb steadily over six months, peak in March

    Growth in Saudi Arabia’s nonoil private sector accelerated to a six-month high in March, a survey of businesses shows.

  • Insurance
    Discovering Business | Insurance Market Opportunities

    I think the growth will come from the dynamic demographics of Saudi Arabia. The population is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.1% between 2011 and 2015, which is almost twice the global average of 1.2%. Once they enter the labour market, this young population will significantly increase the demand for insurance, and when they start to have families they will also start to think more on how they protect their wealth and educate their children etc.

  • Petrochemicals
    Discovering Business | Petrochemical Opportunities

    Three new refineries, each able to process 400,000 bpd of mainly heavy crude, could consume 10% of the Kingdom’s current officially declared production capacity of 12.5 million bpd when they are all fully operational in 2017.

  • Ports
    Discovering Business | Saudi Port Expansion

    There are nine principal ports in Saudi Arabia, of which five, Dhiba, Yanbu Commercial Port, Yanbu Industrial Port, Jeddah and Jazan on the Red Sea coast, with the other four, Ras Al-Khair, Jubail Industrial Port, Jubail Commercial Port and Dammam, on the Persian Gulf

  • Saudi Oil Policy
    Chevron CEO: Saudi is not Trying To Put US Shale Out Of Business [Video]

    "I don't think they're trying to put anybody out of business. I think what they're doing is trying to protect market share...All they're saying is 'we're going to continue to produce 9 m/bpd. We know that we have a low cost of production but we want our business to be strong for the long term. We're just going to continue to produce what we're producing...We're not going to be the balancing point in the market to hold prices up.'"

  • Women and the Workforce
    Helping Saudi women into work is big business for one man

    He said his family and friends were concerned that he was quitting his job as chief operations officer at KPMG for Saudi Arabia, Kuwait and Jordan – a “good job in a safe environment”- to help get women into work. It was after all, he said, “a crazy decision.”

  • Non-oil Economy
    Saudi nonoil business rises to 4-month high

    Growth in Saudi Arabia's nonoil private sector accelerated to a four-month high in February, a monthly report from Saudi British Bank (SABB) and HSBC said. The SABB HSBC Saudi Arabia Purchasing Managers' Index (PMI) climbed to a four-month high of 58.5 in February, up from 57.8 in January.

  • Minerals
    Discovering Business | Exploiting the Kingdom’s Mineral Wealth

    Saudi Arabia is not only a land of desert sands, as many believe, but one with a wide range of rocks which contain a vast mineral wealth greater than any other Gulf state and includes gold, copper, phosphate, and a wide array of industrial minerals. Such is the scale of this wealth that the Government, as part of its economic diversification strategy, plans to turn its fledgling mining industry into the “third pillar” of the economy after oil and petrochemicals.

  • Saudi Economy: Youth
    Discovering Business | Youth Driving Retail Expansion

    A young and rapidly growing population, which topped 29 million in 2013, is the main driver for a rapid growth in the Saudi Arabian retail sector. One third of the population is under the age of 25, prompting retailers across the Kingdom to focus their marketing efforts onto a section of the population that is eager to acquire new technologies and a wide range of consumer goods. Consumer confidence levels are among the highest in MENA, and Saudis are among the most eager consumers in the world, according to A.T. Kearney’s 2013 Global Retail Development Index. Retail sales were expected to increase by 11% in 2013, according to the Index, yet retail sales per capita and disposable income remain lower than in some neighbouring countries, so there is scope for further growth.

  • IT Market
    Research and Markets: IT Market in Saudi Arabia 2015-2019: Key Vendors are HP, IBM, Microsoft & Oracle | Business Wire | Rock Hill Herald Online

    One major trend in the market is the implementation of e-government services to enhance the public experience. E-government initiatives help to increase operational efficiency and accelerate growth.