The complementary nature of China’s Belt and Road Initiative and Gulf “vision” development programs has established another pillar of China-Gulf cooperation.
Saudi Arabia’s new $1.07 billion fund, Jada, aims to redirect investments toward small and medium-sized enterprises in the country’s domestic market.
The Saudi mining industry starts 2020 with a slimmer regulatory agency, new management, and prospects that appear more favorable than many other Vision 2030 programs.
Global investors’ interest in Saudi Arabia’s ambitious economic transformation hinges on their ability to secure lucrative commercial opportunities in the country.
The heightened interest in cryptocurrencies across the Gulf is taking place alongside global efforts to both regulate digital assets and attract cryptocurrency firms.
The economic components of Saudi Arabia’s ambitious transformation, in which local and foreign investments play a pivotal role, ultimately hinge on the government’s ability to improve the transparency of commercial processes.
Saudi Crown Prince Mohammed bin Salman’s November trip to Egypt highlighted the important regional alliance between Riyadh and Cairo, but collaboration over megaprojects may strain Riyadh’s fiscal capacity.
Government efforts to legalize full foreign ownership in specific sectors aim to significantly boost inward foreign investments. However, the commercial reform threatens to disrupt the long-standing economic institutions and commercial incentives associated with free zones.
While pursuing long-term economic reform and diversification, Saudi Arabia needs to show that the kingdom is an attractive, business-friendly place; yet recent moves have worried investors over the business environment, and raised some concerns over the impact on oil policy.
Kuwait hopes to usher in a “new industrial era,” but the country will have to pay more attention to demand and regional competition to boost industrial output.Learn More
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More