Global tourism GDP declined 49 percent in 2020 due to unprecedented lockdowns and travel restrictions. Saudi Arabia’s tourism economy declined 39 percent by comparison and accounted for 7 percent of...

Privatization Strategy Saudi Arabia’s National Center for Privatization (NCP) recently released a four-year plan outlining major asset sales and public-private partnerships (PPP) totaling SAR207 billion ($55 billion) in a variety...

Sector Background The global sports market is expected to grow from an estimated SAR2 trillion ($530 billion) in 2020 to SAR2.3 trillion ($600 billion) in 2021 amid a bounce back...

Saudi Defense Spending   Saudi Arabia ranks as the world’s fifth largest sovereign spender on military & defense, according to the Stockholm International Peace Research Institute (SIPRI).   The government...

The U.S. and Saudi Arabia exchanged SAR75.6 billion ($20.2 billion) in goods during 2020. The U.S. remained the second largest source of goods imported by Saudi Arabia while Saudi Arabia...

Home ownership in Saudi Arabia, one of the key initiatives of Vision 2030, saw record growth during 2020 amid the COVID-19 pandemic. Driven by the growth of a large young...