A large majority of business leaders in Saudi Arabia believe that demands from Saudi Vision 2030 will necessitate the need to rethink the ICT strategy and investments within their own organisations, a study said.
They also consider info
The reforms that the GCC countries have been implementing over the past year in response to the decline in oil prices are impressive, but continued fiscal adjustments will be needed over the medium term, the IMF chief has said.
Saudi Arabia's powerful deputy crown prince held a full day of meetings with US lawmakers on Wednesday, part of a visit aimed at restoring frayed ties with Washington and promoting his plan to wean the kingdom away from oil revenue.
Fiscal constraints are one of the major barriers to progress in the Mena nuclear power sector, a report said, adding that it could account for only three per cent of Middle East electricity generating capacity by 2040.
In the face
Saudi Arabia plans to spend billions of riyals on technical training and other initiatives to boost the number of its citizens in private sector jobs, an economic reform plan released on Monday showed.
The world's top oil expo
Saudi Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the economy's dependence on
Saudi Arabia's National Transformation Plan, a pivotal element of the "Vision 2030" reforms announced in April by Deputy Crown Prince Mohammed bin Salman, will be put before the cabinet for approval on Monday, a senior Saudi source
Lower oil prices will constrain the amount of funding available to the GCC governments to finance capital projects, prompting them to make tough choices such as cuts in public spending and introduction of structural reforms, a report said.
Saudi Arabia's government will provide housing for 100,000 low-income families over the next year as part of a reform programme designed to strengthen the economy and reduce its dependence on oil, the Housing Ministry said on Sunday.
Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors.