Oxford Business Group spotlights the Kingdom’s progress in The Report: Saudi Arabia 2024
Riyadh, January 2025: Saudi Arabia’s strategic advancements under the Vision 2030 framework and its commitment to sustainable innovation form the cornerstone of the latest report released by global research and advisory firm Oxford Business Group (OBG).
The Report: Saudi Arabia 2024 examines the transformative policies driving the Kingdom’s economic diversification, with a focus on key developments in infrastructure, tourism, health care and financial services, among other sectors. The publication highlights Saudi Arabia’s growing role as a regional and international centre for investment, showcasing flagship giga-projects such as NEOM, Qiddiya, Diriyah and the Red Sea development, as well as the Kingdom’s leadership in renewable energy.
The report provides an in-depth analysis of Saudi Arabia’s efforts to strengthen its health care system through the development of nationwide health clusters involving private sector entities. An interview with Fahad bin Abdurrahman Al-Jalajel, Minister of Health, sheds light on strategies for bolstering national health infrastructure and innovation, while an interview with Dr Bandar Al Knawy, CEO of the National Health Commission, highlights the Kingdom’s advancements in public health and patient care.
Tourism is another key focus area in the report, with insights from Ahmed Al-Khateeb, Minister of Tourism, and Jerry Inzerillo, CEO of the Diriyah Gate Development Authority. Both leaders emphasise the importance of major tourism destination developments, such as Diriyah and Al Ula, which are emerging as cultural landmarks and pivotal drivers of Saudi Arabia’s growing global tourism appeal.
In finance, Mohammed Elkuwaiz, Chairman of the Capital Market Authority, elaborates on regulatory reforms designed to attract foreign investment and nurture financial technology. These insights are complemented by the perspective of Nadir Al Koraya, CEO of Riyad Bank, who addresses the role of digital transformation in modernising the Kingdom’s banking sector.
The report underscores the pivotal role of partnerships in advancing Saudi Arabia’s transformation. Developed in collaboration with leading public entities, including the Ministry of Tourism, Ministry of Health, King Abdulaziz City for Science and Technology, Riyadh Chamber and the Royal Commission for Jubail and Yanbu, the publication reflects the Kingdom’s commitment to innovation and socio-economic transformation. This effort was further enriched through partnerships with key private sector stakeholders, such as Baker Tilly, Eyad Reda Law Firm, HSBC and Abdal HR, underscoring the integral role of cross-sector collaboration in positioning Saudi Arabia as a competitive and dynamic global business hub.
Busra Karacadag, OBG’s Country Director for Saudi Arabia, remarked on the Kingdom’s remarkable economic progress in recent years. “This report captures Saudi Arabia’s bold strides in diversification, sustainability and global collaboration. Vision 2030 is a testament to the Kingdom’s resilience and capacity to lead on the international stage.”
OBG’s Editor-in-Chief, Oliver Cornock, noted: “Saudi Arabia’s focus on innovation and long-term economic planning is helping to create a dynamic, future-ready economy. This report reflects the depth of progress achieved, positioning the Kingdom as an increasingly attractive destination for investors worldwide.”
Produced in partnership with leading organisations across various sectors, The Report: Saudi Arabia 2024 is the culmination of one year of on-the-ground research. It assesses key developments across the economy, finance, tourism infrastructure, ICT, health care, and more.
The Report: Saudi Arabia 2024 is available in print and online through this link: https://oxfordbusinessgroup.com/reports/saudi-arabia/2024-report/main
About Oxford Business Group
Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world’s fastest-growing markets, termed The Yellow Slice, in reference to OBG’s corporate colour.
Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions.
OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more.
