Economy

Positive developments in four indicators during 2024 – the female labor force participation rate, tourist arrivals, foreign direct investment inflows, and student educational attainment – will give confidence that the bold diversification plans underway in Saudi Arabia are on track.

While Singapore has traditionally been seen as a model for the United Arab Emirates, Norway, with its unique approach to economic management and environmental sustainability, is increasingly cited as an inspiration.

The longer-term desirability of Neom’s destinations depends largely on the fast-changing domestic environment within Saudi Arabia, yet a tough regional neighborhood will keep Saudi planners on their toes.

On January 23, AGSIW hosted a discussion on China-Gulf relations.

On January 17, AGSIW hosted a discussion on the economic outlook in the Gulf Cooperation Council.

The Saudi economy is likely to grow by around 1.5% in 2024 with the non-oil sector expanding by 3% to 4%. However, uncertainties are high, centering around the oil market, conflict in Gaza, path of U.S. monetary policy, and effects of domestic reforms.

Through government support, the UAE looks to spark its nongovernmental sector, encouraging the growth of a new social entrepreneurship ecosystem.

Saudi Arabia’s innovative strides in health care aim to ensure that the kingdom has the tools and infrastructure to meet rising health-care challenges.