Sales and demand conditions are expected to rise as restrictions are lifted, international flights began to operate again, and foreign visitors are entering the country as tourist venues reopened. Though the recovery is being considered as a sign of post-COVID revival, a strong economic rebound is still a long way to go

By |2020-08-16T16:44:52+03:00August 16th, 2020|

Saudi non-oil GDP to grow by 1.8% in 2017 and 3.2% in 2018

The report warns oil prices will not rise significantly due to the expected rise in global production, especially from US shale producers who are responding to stabilizing prices by increasing drilling activity. Brent crude is forecast to average $52 per barrel in 2017 and 2018, before a more vigorous acceleration from 2019 onwards.

By |2017-04-12T14:03:49+03:00April 12th, 2017|

Massive potential for e-commerce growth in Saudi Arabia

According to The Boston Consulting Group’s (BCG) report, Unlocking e-Commerce Opportunity in the Kingdom of Saudi Arabia, the growth of e-Commerce largely outpaces the growth of traditional retail—a trend that is expected to further accelerate in the coming years.

By |2016-12-06T12:12:24+03:00December 6th, 2016|
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