Saudi Arabia’s healthcare industry is in the midst of substantial transformation, driven by both demographic pressures and the Saudi Vision…...

The U.S.-Saudi trade relationship remained robust in 2023 despite a decline on the back of Saudi oil exports and diversified…...

The U.S.-Saudi trade relationship soared in 2022 on the back of Saudi oil exports and record non-oil exports to the…...

Saudi Arabia’s bold plans to develop its logistics sector stems from being the only country to have three major maritime…...

Saudi Arabia is aiming to reach a SAR13.3 billion ($3.6 billion) direct GDP contribution by 2030, up from SAR1.2 billion…...

Saudi Arabia is among the world’s leading producers of petrochemicals. Saudi Basic Industries Corporation (SABIC), now majority owned by Saudi…...

Saudi Arabia has the largest pharmaceutical market in the Middle East due to its large population and high levels of…...

Saudi Arabia’s automotive market is the largest in the Middle East and consists almost entirely of imported vehicles. Longstanding relationships…...

The U.S.-Saudi trade relationship rebounded from the pandemic lows of 2020 and posted record high exchanges of non-oil and non-defense…...

Recent reforms in Saudi Arabia have led to a significant decline in water use by the agricultural sector, the construction…...

KEY FINDINGS INCLUDE: 2021 Performance: The deficit for 2021 is estimated to reach SAR85 ($23 billion), or 2.7 percent of…...

Saudi Arabia’s foreign direct investment (FDI) inflows are set to hit the highest level in a decade this year amid…...

The Saudi leisure & entertainment sector is witnessing large-scale investments borne by the Kingdom’s diversification strategy aimed at raising domestic…...

Following a tumultuous year for oil markets and international travel, Saudi Arabia’s economy returned to a growth footing in Q2…...

Saudi Arabia’s healthcare sector accounts for SAR187.6 billion ($50 billion) in annual economic activity and has risen steadily from 3.7…...

Global tourism GDP declined 49 percent in 2020 due to unprecedented lockdowns and travel restrictions. Saudi Arabia’s tourism economy declined…...

Privatization Strategy Saudi Arabia’s National Center for Privatization (NCP) recently released a four-year plan outlining major asset sales and public-private…...

Sector Background The global sports market is expected to grow from an estimated SAR2 trillion ($530 billion) in 2020 to…...

Saudi Defense Spending   Saudi Arabia ranks as the world’s fifth largest sovereign spender on military & defense, according to…...

The U.S. and Saudi Arabia exchanged SAR75.6 billion ($20.2 billion) in goods during 2020. The U.S. remained the second largest…...

Home ownership in Saudi Arabia, one of the key initiatives of Vision 2030, saw record growth during 2020 amid the…...

2020 Performance: The budgeted deficit for 2020 is estimated to reach SAR298 ($79.5 billion) or 12 percent of GDP compared…...

Saudi Arabia is quickly becoming a leader in the growth of the global sukuk market as the government has pivoted…...

Saudi Arabia’s strategic geographic location at the intersection of Europe, Asia, and Africa positions itself to become a leading global…...

The Ministry of Finance recently released both its official second quarter 2020 GDP report and preliminary budget statement for the…...

Among the ten delivery programs established in 2017 to realize Vision 2030, the Financial Sector Development Program (FSDP) has seen…...

The COVID-19 global pandemic has forced governments to grapple with significant social and economic changes in a short period of…...

The Saudi power sector is in the midst of significant developments aimed at generating and growing its capacity to supply…...

Saudi Arabia’s dual shock of the coronavirus pandemic and a crash in oil prices has led to more than SAR270…...

The global pandemic of COVID-19 represents an unprecedented challenge for governments and businesses. The virus now accounts for 5.2 million…...