Saudi economic, social measures bode well for the country’s health: OBG – Saudi Gazette

  • Date: 03-Jun-2020
  • Source: Saudi Gazette
  • Sector:Economy
  • Country:Saudi Arabia
  • Who else needs to know?

Saudi economic, social measures bode well for the country’s health: OBG – Saudi Gazette

The Kingdom entered 2020 on the back of modest 0.3% growth in 2019 and despite early challenges, the economic and social measures that have been introduced in recent years bode well for the country's health in the medium to long term.. Oxford Business Group (OBG) has launched its edition of The Report: Saudi Arabia 2020.. While the long-term impact of the pandemic on the Kingdom's economy will not be known for some time, there are areas of the economy that have responded quickly and positively to the new reality.. The country's industrial sector has emerged as a key driver for economic change in recent years, with the technologies associated with the Fourth Industrial Revolution underpinning this surge.. While the pandemic is set to significantly slow visitors in the near-term, Kingdom's moves in 2019 to relax visa rules for tourists is set to be a game changer in the decade ahead..