The Kingdom of Saudi Arabia has the potential to double the size of the economy to SAR 6 trillion (USD 1.6 trillion), if it endorses, promotes and supports the digital transformation in the country. This outlook was predicted in an…
Economic diversification is key to the development of the Kingdom of Saudi Arabia and the diversification of the economy. It is expected to have positive effects which will lead to long-term benefits for the country. The latest statistics show that…
Experts forecast that the economy of the Kingdom of Saudi Arabia will grow more significantly in the next years as the country looks towards economic diversification, self-sufficiency and sustainability in a bid to minimize the reliance on oil. It is…
The Council of Ministers recently announced new incentives to stimulate the business climate, to attract more foreign investment and to improve the ease of doing business. The move comes as Oman ramps up the efforts to diversify the sources of…
Oman`s future economic outlook is expected to improve according to a statement of His Excellency Dr. Nasser bin Rashid Al Mawali, the Undersecretary of the Ministry of Economy and a Board Member at the Oman Investment Authority. The latest statistics…
The Sultanate of Oman has introduced many substantial and meaningful measures to mitigate the economic impact of Covid-19. It is expected that these measures will be available during 2021 and 2022 with a review by the Council of Ministers at…