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DECEMBER 2025 EDITION
INSIDE THE EDITION:
• UAE and UK Drive the Global Clean Energy Transition
• How Dubai and Abu Dhabi Are Redefining Global Finance with British Investors
• British Buyers and Emirati Developers Transforming Real Estate Between Dubai and London
• How UAE–UK Tech Partnerships Are Powering the Future
• Beyond the Horizon: UAE–UK Tourism Soars as Travel and Trade Flourish
WHY GET INVOLVED NOW?
Organisations have the opportunity to secure premium positions for advertising, feature articles, and case studies –ensuring maximum visibility when the edition launches in October.
50TH ANNIVERSARY GALA DINNER
“Fifty years of building friendship through trade”
The Arab British Chamber of Commerce (ABCC) is honoured to mark its 50th Anniversary, five decades at the heart of fostering trade, investment, and collaboration between the United Kingdom and the Arab world.
We extend a cordial invitation to you to join us for this landmark occasion as we celebrate our golden anniversary.
This exclusive Golden Anniversary Gala Dinner will be hosted at the prestigious The Biltmore Mayfair, where we will be bringing together distinguished guests and longstanding friends from across our communities.
This elegant evening will unite leaders from business and government, senior diplomats and executives, high-net-worth individuals, innovators, consultants, media professionals, and public figures who have contributed to the Chamber’s achievements over the past five decades.
The evening will feature a very special Guest of Honour, whose leadership and impact have shaped international collaboration in remarkable ways. More details will be announced soon, stay tuned for details of an inspiring address you won’t want to miss.
We look forward to honouring the past, celebrating the present, and looking ahead to the future with our valued members and strategic partners.
Join us for this celebration of the work of our Chamber and of its mission of building friendship through trade.
We will be honoured by your presence.
Dress Code | Dark Lounge Suit-Cocktail Dress Enquiries rana@abcc.org.uk
To Register, visit https://abcc.glueup.com/event/50th-anniversary-gala-dinner-158586/#tickets
Announcing the New Interim CEO
The Arab British Chamber of Commerce is pleased to announce the appointment of Mrs Rita Massoud, Chartered FCIPD as Interim Secretary General & Chief Executive Officer, who took up her role on 19th September 2025.
Mrs Massoud brings over 25 years of leadership experience across the UK and the Middle East. Since joining the Chamber in 2008, she has led strategic initiatives, worked closely at Board level, supported the professional development of numerous graduates through the Chamber’s internship programme, managed leadership transition, and headed the Chamber’s event programme for over a decade, organising major events including the Arab British Economic Summit (ABES).
Prior to joining the ABCC, Mrs Massoud held executive roles at INDEVCO Group and Avianco in Lebanon.
Rita holds an MBA, an MA in Human Resources, and is a Fellow of the CIPD. She also holds a BSc in Mathematics. She is fluent in Arabic, French, English and Italian.
Mrs Massoud succeeds Mr Bandar Reda in this role as the Chamber embarks on a new phase of growth and development. As Interim Secretary General & CEO, Mrs Massoud will focus on expanding member value, deepening partnerships, and guiding the Chamber through a phase of modernisation and growth.
Commenting on her appointment, Mrs Massoud said, “Under my leadership, the Chamber is entering a new phase of growth— focused on expanding member value, deepening partnerships, and modernising to meet the needs of today’s global economy.”
The ABCC welcomes her continued dedication, strategic vision, and leadership as she steps into this role.
Business Roundtable Highlights UK-Jordan Investment Opportunities
The Interim Secretary General & CEO of the Arab British Chamber of Commerce, Mrs Rita Massoud, was pleased to welcome His Excellency Mr Abdelfattah Al-Kayed, General Manager of the King Abdullah II Fund for Development (KAFD), for a business roundtable held at the Mayfair premises of the Chamber on Wednesday 24 September.
The ABCC was also honoured by the presence of H.E. Mr Manar Dabbas, Ambassador of the Hashemite Kingdom of Jordan.
The wide-ranging discussion, chaired by Mrs Massoud, explored the opportunities for investment and partnership between the UK and Jordan in a gathering that brought together ABCC members, senior executives, and investors from various sectors.
KAFD, a non-profit organisation established by Royal Decree in 2001, plays a vital role in supporting youth empowerment, entrepreneurship, and innovation, driving forward development across Jordan.
The session was energised by the active engagement of ABCC members, followed by thoughtful discussions and networking. The new Interim Secretary General & CEO thanked all those who attended for their participation and looked forward to welcoming them at future ABCC events.
KAFD encourages entrepreneurial activities at the local level by investing in human resources and harnessing the potential of young Jordanians.
KAFD is focused on promoting innovation and equipping young people with the skills to achieve success in the labour market by the
and funded startups. Specific projects it supports include the handicrafts industry, promoting tourism in the Dead Sea and encouragement for the growth of a local film industry in Jordan.
Over the years, KAFD has supported hundreds of thousands of Jordanians in their careers and entrepreneurial pursuits.
British investors and companies with expertise are invited to explore partnership opportunities available under the scope of KAFD’s broad programme of activities.
Mrs Rita Massoud with H E Mr Abdelfattah Al-Kayed, General Manager, KAFD and Ms Rama Rawash, Director of Media and Communication
H.E. Mr Manar Dabbas, Ambassador of the Hashemite Kingdom of Jordan (left), with H E Mr Abdelfattah Al-Kayed speaking.
Sharjah Day spotlights emirate’s global innovation and investment drive
The Arab British Chamber of Commerce was honoured to participate in the high level Sharjah Day event that took place in London on 17 October.
The meeting successfully turned a spotlight on the emirate’s global innovation and investment drive and addressed the opportunities for UKSharjah partnership in key sectors. It brought together senior figures from government, academia and industry to discuss Sharjah’s growing role as a global hub for innovation, knowledge and investment. It involved an impressive line-up of UK investors and business leaders with interests in Sharjah’s advanced manufacturing, education and research sectors.
The ABCC was represented by Interim CEO & Secretary General, Mrs Rita Massoud, who chaired a key panel discussion titled Discover Sharjah, where distinguished executives examined Sharjah’s integrated ecosystem covering issues related to research, entrepreneurship and advanced industries such as renewable energy, biotechnology and higher education.
The Sharjah Day event was held in the presence of Her Highness
Sheikha Bodour bint Sultan Al Qasimi, President and Chairperson of the Board of Trustees of American University of Sharjah (AUS), the Sharjah FDI Office (Invest in Sharjah) and American University of Sharjah. It was hosted at the Royal Society for Arts, Manufactures and Commerce (RSA) in London on October 17, 2025.
The event brought together senior figures from government, academia and industry to discuss Sharjah’s growing role as a global hub for innovation, knowledge and investment. It also attracted an impressive line-up of UK investors and business leaders with established interests in the emirate’s advanced manufacturing, education and research sectors, reflecting the growing international appetite for partnership with Sharjah’s innovation ecosystem.
Sharjah Day followed the three-day Cambridge Leadership Delegation Programme, held in collaboration with the University of Cambridge, which saw several of Sharjah’s most
Above:
ABCC Interim CEO & Secretary General, Rita Massoud, welcoming H E Mohamed Al Musharrkh, CEO, Invest in Sharjah and Ms Latifa Obaid Al Ali, Manager, Marketing & Public Relations, at the ABCC premises before the Sharjah Day event.
Below:
Mrs Massoud delivering welcoming remarks on behalf of ABCC Chairman, Rt Hon Baroness Symons.
senior leaders in investment, business, research and education travel to the UK for exchange and knowledgesharing. The visit aimed to forge new connections between leaders of the UK and Sharjah’s innovation ecosystems through site visits, expert-led sessions and strategic group and one-to-one meetings.
H H Sheikha Bodour said: “Sharjah Day reflects our belief in the power of collaboration to drive knowledge, creativity and progress. Sharjah’s expanding ecosystem demonstrates how investment in education and research can translate into long-term economic opportunity and international partnerships. By connecting our universities, innovation parks and creative industries with global centers of excellence such as Cambridge and London, we are strengthening our position as a leading hub for sustainable and inclusive growth in the Middle East.”
Dr. Tod A. Laursen, Chancellor of AUS, said: “Sharjah Day highlighted how universities like AUS play a powerful role in driving innovationled growth that benefits not only local communities, but also the wider world. By deepening our collaboration with partners across the UK, we’re excited to open the conversation about
engineering, the humanities and the arts can contribute to societies and economies in the UK, in Europe and beyond, while also drawing new insights and inspirations from our partners here.”
H.E. Mohammed Al Musharrakh, CEO of Invest in Sharjah, said: “Sharjah continues to attract forward-looking partners who share our vision for sustainable economic diversification. Events such as Sharjah Day highlight the emirate’s competitive advantages, including strong governance, advanced infrastructure and deep integration between education, research and investment sectors. We look forward to seeing these partnerships open new pathways for innovation and business growth.”
In her speech, Rt Hon Symons of Vernham Dean, Chairman, Arab-British Chamber of Commerce, emphasized the importance of strengthening the research and investment cooperation between the UAE and the UK. Baroness Symons’s speech was delivered in her absence by ABCC Interim CEO & Secretary General, Mrs Massoud.
A highlight of the event was the Discover Sharjah panel, chaired by Mrs Massoud, which featured H.E. Hussain Al Mahmoudi, CEO of the Sharjah Research, Technology and Innovation Park (SPARK); H.E. Mohammed Al Musharrakh, CEO of Invest in Sharjah; H.E. Sara Abdulaziz Al Nuaimi, CEO of the Sharjah Entrepreneurship Center (Sheraa); Khaled Al Huraimel, Group CEO and Vice-Chairman of BEEAH; and Mark Johnstone, Global CEO of JSP Safety, a 60-year old British company with its main subsidiaries in Sharjah.
The panel examined Sharjah’s integrated ecosystem spanning research, entrepreneurship and advanced industries such as renewable energy, biotechnology and higher education.
This session was followed by a fireside chat titled The Sharjah Formula, where H.E. Najla Al Midfa, Vice Chairperson of Sheraa, and Oliver Cornock, Editor-in-Chief of Oxford Business Group, discussed how Sharjah combines innovation, community empowerment and sustainable economic growth.
The event also marked the launch of
The Sharjah Model, a report examining the path to building a sustainable ecosystem for growing talent, entrepreneurship and innovation in Sharjah, produced by Oxford Business Group.
“The Sharjah Model report is more than a study—it’s a blueprint. It captures the emirate’s unique strengths, identifies pathways for growth, and provides a clear framework for building an innovationdriven future. This is not just a snapshot of where Sharjah stands today, but a guide for how we can collectively shape tomorrow,” said Alanood Aldhaher, Director of Strategic Communications and Marketing at AUS.
Two Memoranda of Understanding (MoUs) were signed, including one between the Sharjah Investment and Development Authority (Shurooq) and Oxford Business Group to publish the Sharjah 2026 Report, and an MoU between Invest in Sharjah and the Financial Times (FT) to support sectoral analysis and market-entry strategies.
The final panel, Sharjah’s Research Economy, moderated by Syed Bukhari, Head of Visibility at AUS, brought together Dr. Steven Griffiths, Vice Chancellor for Research at AUS; Mishal Tassadaq, Head of Strategy at Sheraa; and Dr. Fareed Alameeri, Chief Strategy Officer at SPARK, who discussed how Sharjah’s universities and innovation hubs are transforming research into economic opportunity. The session underscored the growing collaboration between academia, government and industry in advancing innovation-led growth and translating research outcomes into commercial and social impact.
Closing the event, Dr. Salah Brahimi, Vice Chancellor for External Relations at AUS, highlighted the importance of international partnerships in advancing Sharjah’s long-term vision for a knowledge-based, innovation-driven economy.
Sharjah Day succeeded in highlighting how Sharjah had embarked on a clear path that combines its unique industrial strength, cultural capital, and human development, bringing gains in attracting more foreign direct investment, as Baroness Symons remarked in her speech.
ABCC Interim CEO & Secretary General, Rita Massoud, chairing the panel discussion, Discover Sharjah, at the Sharjah Day event, held at the Royal Society of Arts, London.
Connecting London and Abu Dhabi for Stronger Trade and Investment Ties
The Arab British Chamber of Commerce was pleased to take part in the Abu Dhabi–London Chamber Connect event, held at The Peninsula, London on 8 October 2025.
The event convened business leaders, policymakers, and representatives from both the UK and Abu Dhabi to strengthen bilateral trade and investment ties.
It was formally opened by His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, who underscored the strategic importance of deepening economic cooperation between our regions.
The ABCC’s Interim Secretary General & CEO, Rita Massoud, attended on behalf of the Chamber where she met with key stakeholders, including Mr Karim Fatehi MBE, CEO of the London Chamber of Commerce and Industry (LCCI). (right)
The occasion was an excellent
opportunity to engage with representatives from leading UAE organisations including Lulu Group, ADS Holding, Al Sayegh Group, and the Abu Dhabi Investment Office (ADIO) and other prominent companies in Abu Dhabi and the UK.
Boosting Trade Links Between the UK, Argentina and the Arab World
Interim Secretary General & CEO of the Arab British Chamber of Commerce, Ms Rita Massoud, was pleased to meet Ms Georgina Losda, Secretary of Investment and Foreign Trade of Argentina (left), during a visit to the Argentine Ambassador’s residence in London, on 8 October 2025.
The meeting was an opportunity to discuss Argentina’s growing engagement with the Arab world, with a focus on promoting exports from the province of Santa Fe.
Discussions also addressed shared priorities around food security and regional development, as well as the potential for Argentina’s participation in the upcoming 5th Arab British Economic Summit, anticipated in 2026.
The ABCC looks forward to supporting deeper cooperation between Argentina and the Arab region through continued dialogue and strategic partnerships.
ABCC New Members
We extend a welcome to our new members and look forward to working with them in the coming year.
Shield Fire Safety & Security Ltd - GOLD
Alinea London Ltd
Al-Bilad Consulting & Solutions Company
OHeeBA
Aston Hub Ltd
ZKR Holdings Limited
Essex Industries Ltd
Algerian Chamber of Commerce & Industry (CACI) - PLATINUM
Forsters LLP
Gulf Glass Factory LLC
Precision Engineering in the Middle East: Opportunities for UK Expertise
The Middle East is undergoing an engineering revolution.
Across the Gulf and beyond, ambitious projects in energy, transport, and manufacturing are driving a surge in demand for precision-engineered components — from power transmission systems and industrial gearboxes to high-specification machined parts. This expansion creates significant opportunities for UK engineering firms, particularly those with a heritage of excellence in mechanical and precision manufacturing.
Engineering Growth Across the Middle East
Driven by large-scale infrastructure investment and diversification strategies such as Saudi Vision 2030 and the UAE’s Operation 300bn, the Middle East’s mechanical engineering market is expanding rapidly. According to regional economic forecasts, Gulf governments are collectively spending hundreds of billions of dollars on infrastructure, manufacturing, and clean energy — fuelling demand for mechanical systems that underpin everything from renewable power plants to automated production lines.
Mechanical engineering sits at the centre of this industrial momentum. Demand for precision components, rotating machinery, and complex assemblies has grown in parallel with energy transition projects, logistics networks, and advanced manufacturing facilities. In Saudi Arabia, new smart factories are being equipped with high-torque gear systems, CNCmachined components, and hydraulic
equipment. In the UAE, sectors such as aerospace, marine, and petrochemicals are driving investment in locally manufactured components — often imported or designed in collaboration with international partners.
This growing sophistication means the region increasingly values the type of technical precision and quality control that UK companies are known for. Engineering standards that meet ISO 9001 or BS EN ISO certifications are becoming the baseline for regional projects, ensuring reliability in extreme conditions and compliance with international best practice.
The Role of Precision Engineering and Power Transmission
Precision engineering is the unseen force that powers much of modern industry. In the Middle East, its importance is magnified by environmental challenges — extreme heat, sand, and demanding operational cycles. Industrial plants, renewable installations, and port machinery all rely on components that perform flawlessly in harsh conditions.
Power transmission systems, worm gears, lead screws, and drive components are essential to maintaining uptime and efficiency. For instance, in solar tracking systems across Saudi Arabia and Egypt, heavy-duty power screws
are used to adjust panel angles to the sun’s movement. In desalination plants and water treatment systems, precisionmachined shafts and bearings handle continuous loads under corrosive conditions. In energy and petrochemical operations, worm gears and rotary actuators drive valves and pipelines where reliability is non-negotiable.
UK manufacturers with expertise in bespoke machining, power transmission, and component design are ideally positioned to serve this demand. Their ability to engineer parts to specific load, torque, and environmental requirements aligns perfectly with Middle Eastern industry needs. These products, manufactured to tight tolerances and global standards, support not only oil and gas operations but also emerging sectors such as offshore wind, hydrogen production, and logistics automation.
Digitalisation and Industry 4.0
The Middle East’s adoption of Industry 4.0 technologies is redefining engineering design and production. Smart factories equipped with digital sensors, automation systems, and data-driven maintenance platforms are increasingly common in the Gulf region. For precision engineering, this shift translates into tighter integration between digital modelling and physical production.
UK manufacturers are recognised innovators in this area. Through advanced CNC machining, computeraided engineering (CAE), and digital inspection, they can produce bespoke parts that meet highly specific client requirements — a capability that Middle Eastern partners value in their drive for performance and efficiency.
Moreover, predictive maintenance and digital twins are now influencing mechanical design specifications. Components must not only perform but also generate operational data for monitoring and lifecycle management. British manufacturers’ experience in integrating digital quality assurance and IoT-based monitoring systems gives them a competitive advantage in projects where traceability and performance analytics are now essential.
Regulation, Quality, and Standards
The regulatory framework across the Middle East is increasingly aligned with international norms, particularly ISO and European standards. For UK companies, this alignment simplifies market entry. In the precision engineering sector, adherence to standards such as ISO 9001:2015 and AS9100D remains critical to gaining client confidence.
This focus on certification and compliance mirrors the Middle East’s own efforts to enhance quality standards in manufacturing, ensuring imported and locally produced components meet global benchmarks. UK companies’ reputation for precision, consistency, and reliability provides a natural fit for these requirements.
Partnerships and Localisation
While demand for UK-engineered products is strong, long-term success in the Middle East increasingly depends on partnership and localisation. Regional governments encourage international companies to establish local service
and manufacturing hubs, supporting knowledge transfer and employment.
British firms are responding. Engineering service providers, component suppliers, and design consultancies are forming partnerships with Gulf-based entities to combine UK expertise with regional reach. Several mechanical manufacturers now collaborate with local distributors to supply machined parts and gear systems to industrial clients across Saudi Arabia, Qatar, and the UAE.
By working through local partnerships, UK engineering companies can extend their presence in the region while maintaining the quality and precision for which British manufacturing is known. Such collaborations not only enhance market access but also contribute to the region’s industrial self-sufficiency — a core element of every national diversification strategy.
Sustainability and Green Engineering
Sustainability is another defining force in Middle Eastern engineering. Governments are investing in renewable energy, green hydrogen, and environmentally conscious construction. Precision engineering plays a central role in this transformation.
For example, the UAE’s renewable power projects depend on precision mechanical systems to optimise energy efficiency, from turbine alignment mechanisms to cooling systems. In Saudi Arabia’s NEOM megaproject, automated manufacturing and robotics rely on high-precision gear assemblies and linear motion systems to build advanced infrastructure sustainably.
UK expertise, especially in precision machining and low-waste production processes, can contribute significantly to these objectives. British manufacturers are renowned for implementing circulareconomy principles — extending component lifespans, improving
Engineering
serviceability, and reducing waste. These practices are increasingly relevant in the Middle East’s push toward cleaner, smarter industry.
Looking Ahead
Mechanical and precision engineering in the Middle East stands at the intersection of opportunity and innovation. As the region transitions toward cleaner energy, smarter infrastructure, and advanced manufacturing, demand for reliable, high-precision mechanical systems will continue to grow.
For UK firms, the region presents fertile ground to export expertise, forge partnerships, and showcase the precision and performance that have defined British engineering for generations. From heavy-duty power screws in solar plants to bespoke worm gears in offshore installations, the capabilities of UK precision manufacturers align perfectly with the Middle East’s evolving industrial ambitions.
As both regions prioritise innovation, sustainability, and digital transformation, collaboration between British engineering excellence and Middle Eastern vision will continue to power progress — one precision component at a time.
References UK Engineering Services: Building a Sustainable Future – Great.gov (UK Government) https://www.business.gov.uk/campaign/uk-servicesfor-buyers-in-the-middle-east/uk-engineeringservices-middle-east/?utm_source=chatgpt.com
Saudi Vision 2030 – Industry and Infrastructure Goals https://www.vision2030.gov.sa/ar/
UAE Operation 300bn – Ministry of Industry and Advanced Technology https://moiat.gov.ae/en/operation-300bn
Rystad Energy – Middle East Industrial Outlook 2025 https://www.rystadenergy.com/
World Economic Forum – How Industry 4.0 Is Transforming the Gulf’s Manufacturing Sector https://www.weforum.org/stories/2023/08/ how-industry-4-0-is-transforming-the-gulf-smanufacturing-sector/
NEOM Green Hydrogen Company – Project Overview https://nghc.com/
Further Investment in HighPerformance Hwacheon Machines for
It’s an exciting year for Kingston Engineering, the Hull-based precision engineering company with a global reputation for delivering solutions to the most demanding specifications.
Kingston Engineering is renowned for the ability to meet complex and challenging precision requirements, combining over a century of engineering expertise with advanced technology. The company manufactures to the highest quality and adheres to universal British, European, and American standards.
Strategic investment in 2025
A strategy of continued investment has led to the installation of two new Hwacheon machines at the Kingston Engineering site this year. This recent investment strengthens the company’s ability to deliver custom-built power screws, components, and assemblies manufactured to the highest levels of accuracy and performance.
As pioneers in precision manufacturing, Kingston Engineering’s investment in two highperformance machines from the manufacturer
Hwacheon, enables the company to continue to provide advanced precision solutions to customers across the globe.
Advanced capabilities from Hwacheon
A new Hwacheon Hi-Tech 200B arrived on the machine shop floor at Kingston Engineering in the first part of the year. The Hwacheon HiTech 200B is distinguished by its solid machine beds, wide flat guides and powerful drives, capable of handling the most demanding machining requirements. This horizontal turning centre is a proven, multifunctional, highly customisable machine, equipped with advanced features, capable of handling complex machining tasks. The durable design and air pressure assisted construction enables smooth vibration free movement, to enable exceptional machining quality and process reliability. The new Hwacheon HiTech 200B ensures the superior production
and performance of ultra-precision complex components with intricate features.
In early September 2025, Kingston Engineering completed the installation of a new Hwacheon Vesta-1300B+, a 4-axis vertical machining centre. This machine has a large X-axis travel distance of 1300mm with box guideways features, for added stability in heavy-duty machining applications. The Hwacheon Vesta-1300B+ machine is particularly suitable for ductile materials such as copper, aluminium, and steel. Renowned for enabling exceptionally high cutting rates, this machine further expands Kingston Engineering’s already impressive capabilities and facilities.
Both of these high-performance Hwacheon machines are welcome additions to the already extensive machine base on the machine shop floor at Kingston
Paul Bielby, director of Kingston Engineering comments,
“Our most recent investment in two new Hwacheon machines is part of the ambitious growth plan for the future that we’ve set ourselves and another proud milestone for Kingston Engineering. As the demand in the industry for complex shapes, features and accuracy levels increases, we want Kingston Engineering to remain at the forefront of advanced precision manufacturing. Continued investment ensures that we’re fulfilling the needs of what modern industry needs today. Our plan is to continue investing in view of our future’”.
Engineering’s site on Pennington Street. It further enhances Kingston Engineering’s reputation as a leader in advanced precision manufacturing.
Committed to continued growth and Investment
Kingston Engineering’s investment this year is a testament to the company’s commitment to advanced technologies and delivering the highest quality precision solutions to customers across the globe.
Kingston Engineering manufacture advanced, ultra-precision components that empower innovations in so many industry sectors such as medical, pharmaceutical, energy & water, aerospace, space exploration, oil & gas, and manufacturing. Their work plays a vital role in providing advanced precision solutions with diverse
end-use applications.. As leading precision engineers, Kingston Engineering is at the forefront of the next generation of precision engineering.
A strong heritage dating back to 1919 With origins deeply rooted in Hull, Kingston Engineering has an impressive engineering heritage spanning over 106 years.
The company’s success is the result of its focus on moving the business forward and embracing new technologies. There has been continuous investment in cuttingedge machines and in-house facilities at the Kingston Engineering site, based on Hull’s Pennington Street. Kingston Engineering is committed to nurturing the next generation of engineers through its apprenticeship programme and places a strong emphasis on skills development.
Shaping the Future
With its latest investment, coupled with a strong heritage of skill and precision manufacturing expertise, Kingston Engineering is preparing the foundations for future growth. The company is committed to working in the most sustainable way possible with sustainable work practices integrated into day to day operations at the site. They will continue to manufacture with sustainability always at the core.
Specialised
Corrosion prevention
As the demand for higher levels of precision accuracy and complexity increases Kingston Engineering is committed to delivering precision solutions that empower innovation across the globe. Continued Investment will provide a platform for further growth for Kingston Engineering to lead the way in shaping precision engineering of the future.
Production
Production
Ex-stock
For diplomats, a vehicle is much more than a mode of transport. It acts as a secure space for sensitive discussions, a statement of national presence, and a practical tool for navigating environments ranging from urban capitals to rural outposts. Selecting the right car requires balancing capability, comfort, protection, and the ability to adapt to varied diplomatic duties.
The Guide to Choosing a Diplomatic Vehicle
Balancing security, image, environmental responsibility, and practicality in one official car.
Proven Reliability and Professional Presence
Diplomatic work can demand rapid travel between ceremonial events in city centres and assignments in more challenging terrain. Vehicles with a long-established reputation for durability and all-terrain capability offer reassurance that they will perform reliably in all conditions. Choosing a model recognised internationally also reinforces a
professional image in both formal and informal settings.
Adaptability for Multiple Roles Embassy fleets rarely have a one-size-fits-all need. The same mission might require transporting a high-ranking official in a formal motorcade one day and carrying staff or security teams the next. Flexible seating configurations, adjustable storage space, and
optional equipment—such as discreet communications systems or protective features—allow a single vehicle type to serve different purposes effectively.
Security as a Priority
Safety considerations go beyond standard crash protection. For highrisk postings, vehicles may require discreet ballistic protection, runflat tyres, or fuel-tank safeguards. Modern protective technology can be integrated without dramatically altering the vehicle’s appearance, ensuring security without drawing unnecessary attention. Reliable electronic safety systems, including driver-assistance features and secure communications, also play a vital role.
Comfort and Diplomacy
The interior of a diplomatic vehicle often serves as a working environment. Quiet cabins, spacious layouts, and climate-controlled seating allow officials to arrive prepared and presentable. A restrained yet confident exterior design conveys authority without excess, supporting the image of professionalism that is central to diplomatic engagement.
Sustainability on the Official Road
Many governments now aim to
lower emissions in their vehicle fleets. Hybrid and electric models are increasingly capable of meeting both environmental goals and operational demands, with benefits in cities that have low-emission regulations. Electric propulsion can also offer quick acceleration and quieter operation—both valuable in security and protocol contexts.
Technology and Connectivity
Diplomatic work increasingly depends on uninterrupted communication. Vehicles equipped with reliable navigation, in-car data connections, and compatibility with secure communication devices allow officials to work effectively while travelling. Features that help drivers or security personnel—such as night vision, adaptive cruise control, and vehicle-health monitoring— add another layer of operational readiness.
Support and Maintenance
Anywhere in the World
Operating a vehicle abroad requires confidence in parts availability, service quality, and compliance with local regulations. Choosing a brand with a global service network and international warranty support helps reduce downtime. Fleet managers
should also consider resale value, as well-known models tend to retain demand when rotated out of service.
Conclusion
An effective diplomatic vehicle is a blend of security, adaptability, comfort, and modern efficiency. Whether powered by a traditional engine or a zero-emission system, the best choice is one that supports the mission’s needs while reflecting the values and priorities of the nation it represents. In the fast-changing world of diplomatic transport, vehicles that combine resilience, discretion, and innovation will remain the standard for years to come.
Banking and Finance in the Middle East: Overcoming Barriers and Building Global Bridges
Banking in the Middle East is entering one of its most dynamic periods in decades.
Once defined by public sector dominance and oil-backed liquidity, the region’s financial landscape is being reshaped by diversification, digitalisation, and global collaboration. Yet despite record capital inflows and technological progress, many institutions remain constrained by bureaucracy, fragmented regulation, and slow decision-making. As Gulf economies pursue ambitious reform programmes and investors look to bridge with international markets, overcoming these structural barriers has become essential to sustaining growth and global confidence.
The Weight of Bureaucracy and Public Sector Dominance
Across much of the region, the public sector still exerts heavy influence over lending priorities and infrastructure finance. Government ownership or partial control of leading banks often skews lending towards large state projects, crowding out small- and medium-sized enterprises that form the backbone of job creation. While state backing offers stability, it can slow credit approvals and innovation.
Delays in major infrastructure projects remain another persistent challenge.
Industry studies show that Middle Eastern megaprojects routinely overrun by more than a year due to administrative bottlenecks, overlapping authorities, and delayed payments. Such inefficiencies inflate costs and discourage private investors who expect predictability. In many cases, bureaucratic hurdles—not funding—are the primary cause of delays.
Reform is underway. Governments from Saudi Arabia to Egypt are simplifying approval processes, updating procurement systems, and encouraging more private-sector participation. Financial regulators are also pushing for better transparency and clearer governance standards. The direction of travel is clear: a more competitive banking environment, with greater autonomy for lenders and faster project delivery.
A Sector in Transition
The region’s banks have emerged from the volatility of the early 2020s in relatively strong shape. High oil prices boosted liquidity and allowed governments to reduce debt, which in turn improved bank asset quality. According to recent regional reports,
non-performing loan ratios across the Gulf remain below two per cent—among the lowest globally. Yet this stability masks the pressure to diversify revenue sources as governments shift their focus from hydrocarbons to knowledge-based industries.
Saudi Arabia’s Vision 2030, the UAE’s Centennial Plan, and Egypt’s economic reform agenda all place financial modernisation at the centre of growth. These plans are not purely fiscal blueprints; they also demand a re-engineering of how banks operate. Efficiency, automation, and privatesector credit expansion are replacing dependency on public deposits.
For many regional lenders, that means improving corporate governance, embracing ESG standards, and upgrading risk management frameworks to meet international expectations. Gulf regulators increasingly benchmark against Basel III norms, anti-moneylaundering guidelines, and sustainability disclosures aligned with European and UK practice. This convergence is helping to attract foreign investors and crossborder partners. >>>
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Banking & Finance
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The Digital Acceleration Technology is redefining banking across the Middle East. Fintech, once a niche, is now mainstream. There are now more than a thousand fintech firms operating across the region, and banks are rapidly investing or partnering with them to stay relevant. Mobile banking adoption has soared thanks to near-universal smartphone penetration and a young, connected population.
Governments have responded with supportive policies. Bahrain and the UAE were among the first to introduce open-banking frameworks, allowing customers to securely share financial data with third-party providers. Saudi Arabia followed with its Open Banking Lab, enabling banks and startups to test digital products under regulatory supervision. Digital payments, online lending, and artificial-intelligence-driven compliance systems are no longer experimental— they are central to strategy.
The introduction of central bank digital currencies (CBDCs) is another frontier. The UAE’s planned “digital dirham” and Saudi Arabia’s work on cross-border digital settlement systems signal a move toward faster, more transparent monetary ecosystems. If implemented effectively, such systems could lower transaction costs, improve remittance efficiency, and strengthen financial inclusion across emerging economies in the wider Arab world.
UK–Middle East Cooperation
The United Kingdom remains a vital partner in the region’s banking evolution. London’s financial ecosystem offers not only capital but also expertise in regulation, risk, and fintech. The National Bank of Egypt UK Limited, for instance, serves as a bridge for trade and investment between Egypt and Europe, providing corporate banking, trade finance, and treasury services under UK regulatory oversight. Similar collaborations exist with Gulf banks that maintain branches or subsidiaries in London, facilitating cross-border lending and Islamic finance.
Recent memoranda of understanding between the UK and Gulf regulators— such as those signed with Qatar, the UAE, and Saudi Arabia—highlight a shared commitment to innovation, green finance, and anti-money-laundering cooperation. British institutions are also deeply involved in regional infrastructure financing, helping design sustainable finance frameworks that align with global ESG standards.
These partnerships extend beyond policy. British fintechs are providing the technology behind instant payments, digital onboarding, and risk analytics for Middle Eastern banks. Meanwhile, Gulf sovereign wealth funds continue to channel investment into UK assets, underscoring mutual confidence in financial stability and long-term cooperation.
Toward a More Open, Competitive Future
While the region’s banking sector is better capitalised than ever, competition is intensifying. Global players, digital challengers, and new regional banks are targeting the same customer base, forcing incumbents to streamline operations and modernise legacy systems. Artificial intelligence and automation will redefine customer service, compliance, and credit assessment. At the same time, regulators must continue balancing innovation with prudence—ensuring cybersecurity, data protection, and consumer trust keep pace with change.
Sustainability and inclusion are rising on the agenda. Green lending, renewableenergy project finance, and socially responsible investment products are expanding as governments pursue net-zero goals. Equally important is financial inclusion: millions across the Middle East remain underbanked, and digital solutions offer the fastest route to bridging that gap.
The challenge now is to convert vision into execution. Bureaucracy, fragmented
governance, and uneven regulatory enforcement still slow progress. But with political will, digital ambition, and international cooperation—particularly with partners like the United Kingdom— the region’s financial industry can move beyond state dependency toward a modern, diversified, and globally integrated system.
Conclusion
Banking and finance in the Middle East are no longer insulated by oil wealth or state protection. The sector is becoming a laboratory for transformation—where digital innovation, regulatory reform, and global collaboration intersect. The coming years will test the ability of policymakers and bankers to dismantle bureaucratic barriers and embrace open, competitive markets.
If managed wisely, the result will be a new era of confidence and capital mobility—one that cements the Middle East’s position not just as a source of investment, but as a genuine financial powerhouse connected to the world.
References – Source List
World Bank – “GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future” (2025) https://www.worldbank.org/en/news/pressrelease/2025/06/19/gcc-growth-on-the-rise-butsmart-spending-will-shape-a-thriving-future
McKinsey & Company – “MENA Fintech’s Ascent: Growth, Investment, and the Path Forward” (2025) https://www.mckinsey.com
International Monetary Fund – “Central Bank Digital Currencies in the Middle East and Central Asia” (2024) https://www.imf.org
World Economic Forum – “How Open Banking Is Reshaping the Middle East” (2023) https://www.weforum.org
Arab News – “UK–Gulf Financial Cooperation Deepens with New Regulatory Agreements” (2024) https://www.arabnews.com
Konsentus – “From Digital Payments to Open Finance: The Middle East’s Leap Forward” (2023) https://www.konsentus.com
Coalition Greenwich – “Unlocking Growth: Islamic Finance Sees Global Expansion” (2025) https://www.greenwich.com
For the UK, the focus is on navigating a more complex customs environment and preparing for carbon-related trade measures. In the Middle East, particularly in Saudi Arabia, logistics is seen as a growth engine and a central part of the region’s Vision 2030 transformation. Together, these two stories highlight how shipping and air freight are adapting to a world of change.
The Market Picture
Air freight has become a lifeline for many sectors. In the UK, Heathrow continues to dominate, handling more than a million and a half tonnes of goods in 2024 with a total value in excess of £200 billion. Regional airports are also stepping into the spotlight.
Shipping & Air Freight Services in 2025 A Global Industry in Transition
Global trade has always been about connection.
In 2025, those connections are being tested and redefined. New regulations, climate targets and geopolitical tensions are reshaping how goods move across borders. At the same time, governments and private operators are investing in the technology and infrastructure needed to keep supply chains flowing.
East Midlands, with its concentration of express carriers, now moves hundreds of thousands of tonnes of parcels and cargo every year, much of it linked to e-commerce.
Meanwhile, Saudi Arabia is putting logistics at the centre of its economic plans. Major projects include King Salman International Airport in Riyadh, which aims to handle millions of tonnes of freight each year once completed, and NEOM’s Oxagon development on the Red Sea, designed as a futuristic hub combining sea and air cargo. These projects are not just about infrastructure; they are part of an ambition to place the Kingdom among the top ten global logistics powers by the end of the decade.
Businesses trading between the UK and the Middle East are already feeling these shifts. They face choices about when to use sea freight — slower and cheaper but often unpredictable — and when to switch to air freight, which is faster but more costly and carbon-intensive.
Rising Demands on Compliance
One of the biggest pressures in 2025 is compliance.
In the UK, all goods entering from the EU now require a Safety and Security Declaration. These are submitted digitally, but the process demands accuracy. Even small mistakes can mean delays, storage fees or penalties. For companies already grappling with tight delivery schedules, that adds real pressure.
Global Trade & Logistics
The EU’s Import Control System 2, which requires security data before goods even arrive at the border, adds another layer for firms trading with Europe. And on the horizon is the UK’s Carbon Border Adjustment Mechanism, due in 2027, which will place a cost on carbon-heavy imports like steel and aluminium.
Saudi Arabia is moving in a different direction. Instead of adding more layers of paperwork, it is investing in digital customs systems to speed clearance. Free zones and multimodal corridors are being set up to link ports, airports and roads seamlessly. For international companies, that means faster access to Middle Eastern markets — but also the need to keep pace with new systems and requirements.
Technology Leading the Way Technology is no longer optional in logistics. Both the UK and Saudi Arabia are betting heavily on digital tools to keep trade moving.
• Digital platforms are making customs declarations quicker and more reliable.
• Real-time tracking through sensors allows businesses to monitor location and cargo conditions from anywhere in the world.
• Artificial intelligence is being used to forecast congestion, reroute shipments and reduce delays.
• Blockchain pilots are testing how to prove the origin and integrity of goods, which is becoming increasingly important in ESG reporting.
• Sustainable aviation fuel is being trialled as part of efforts to cut emissions, with investment taking place in both the Gulf and Europe.
These tools are not just about efficiency; they are about trust. Businesses and regulators alike want greater visibility over how goods are handled, where they come from, and what their environmental impact is.
Case Studies
Saudi Arabia: Building the Future of Freight
Saudi Arabia is investing billions to put itself on the logistics map. King Salman International Airport in Riyadh is planned as one of the largest airports in the world, with a target of moving up to 3.5 million tonnes of cargo annually. On the Red Sea, NEOM’s Oxagon development aims to combine port and airport facilities with advanced digital systems, creating a seamless hub for trade between Asia, Africa and Europe.
These projects are already drawing interest from global logistics firms and e-commerce players. By combining cutting-edge infrastructure with streamlined customs systems, Saudi Arabia is positioning itself
as a competitor to established freight hubs and a natural gateway for companies expanding into the Middle East.
United Kingdom: East Midlands Airport’s E-Commerce Edge
In the UK, East Midlands Airport has become the beating heart of the country’s express freight sector. Handling goods worth tens of billions of pounds in 2024/25, it has carved out a niche as the hub for parcels and fast-moving consumer goods. Its rapid growth — around 20 per cent last year reflects the surge in online shopping and the demand for quick delivery.
What makes East Midlands stand out is its location. With strong motorway links and less congestion than Heathrow, it allows cargo operators to move goods quickly across the UK. For businesses, that means reliability and speed — qualities that are often worth paying for. >>>
Global Trade & Logistics
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Challenges on the Horizon
Despite progress, the industry faces tough headwinds.
• New regulations in the UK increase the risk of delays and higher compliance costs.
• Carbon pricing will make some imports more expensive.
• Air freight’s carbon footprint is under growing scrutiny.
• Operational risks — from power outages to geopolitical tensions — can ripple quickly through global supply chains.
Businesses that are unprepared risk paying the price in both money and reputation.
How Businesses Can Respond
1. Stay ahead of regulation: Know your obligations under UK customs and carbon rules, and keep up with the changes in Middle Eastern systems.
2. Invest in digital tools: Automation and tracking cut down on errors and improve visibility.
3. Balance your freight strategy: Use air for urgent or high-value goods, but don’t ignore the cost benefits of sea freight where timing allows.
4. Plan for carbon costs: Start gathering emissions data now to prepare for CBAM.
5. Diversify logistics hubs: Look beyond Heathrow to regional airports, and consider Saudi Arabia as a growing global hub.
6. Make sustainability part of your brand: Customers and partners are increasingly demanding it.
Looking Ahead
Air freight volumes are expected to grow in both the UK and the Middle East, driven by e-commerce, technology and pharmaceuticals. Saudi Arabia’s massive investments will put it firmly on the global logistics map, while UK businesses will face tighter regulation and higher expectations around carbon.
The lesson for business leaders is straightforward: success will depend on preparation, investment and adaptability. Companies that embrace compliance, digitalisation and sustainability now will be best placed to thrive in a fastchanging global market.
References Heathrow unveils new cargo efficiency measures at Air Cargo Europe 2025
Heathrow cargo throughput up >10% YoY in 2024 https://logistics.org.uk/logistics-magazine-portal/ logistics-magazine-features-listing/auto-restrictfolder/16-01-25/heathrow-cargo-throughput-up10-year-on-year-in-20
East Midlands Airport freight volumes surge 20% https://mediacentre.eastmidlandsairport.com/freightboost-for-east-midlands-airport-as-volumes-surgeby-20-thanks-to-arrival-of-new-airlines
UK Government guidance on Safety & Security Declarations https://www.gov.uk/government/publications/ preparing-for-the-new-safety-and-securitydeclaration-requirements/get-ready-for-safety-andsecurity-declaration-requirements-for-importinggoods-from-the-eu
The Kingdom of Saudi Arabia is the largest country in the Middle East and a land characterised by huge deserts, lakes, mountain ranges, occupying about eighty percent of the Arabian Peninsula. The Kingdom borders the Gulf and the Red Sea. Saudi Arabia is in possession of significant natural resources including vast oil reserves. The country is today one of the world’s top performing markets for investment.
Saudi Arabia embarked on a journey toward a brighter future with the launch of its ambitious Vision 2030 strategy in 2016. The vision is a roadmap that leverages the Kingdom’s unique strengths drawing together its pivotal role in the Arab and Islamic worlds, its strong investment capabilities, and its strategic geographical position. Vision 2030 has made a massive impact in transforming the country and its
economy. The impact is clearly evident across sectors and regions as the vision enters its delivery phases almost ten years on from its launch.
Alongside the country’s strategic location, at the intersection of Asia, Africa, and Europe, key factors that attract global investors to the Kingdom comprise its position as a global logistics hub, its young and skilled workforce, its strong commitment to a business-friendly environment and its long-term economic stability.
Saudi Arabia’s GDP was worth $1237.53 billion in 2024, according to the latest World Bank data. According to estimates by the General Authority for Statistics (GASTAT), Saudi Arabia’s real GDP grew by 1.3% in 2024 compared to 2023. This growth was driven by a 4.3% increase in non-oil sector activities and a 2.6% rise in government activities.
Meanwhile, foreign direct investment (FDI) stock into Saudi Arabia recorded a 61% surge between 2017 and 2023, reaching almost $215 billion. This rise is clearly attributed to the investment measures introduced under the guidance of the Kingdom’s Vision 2030 strategy, which since 2017 has initiated ambitious all-encompassing reforms into key laws and regulations, including among others, the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law, along with the opening of Special Economic Zones.
The number of registered investment licenses in the country has surged from 4,000 in 2018 and 2019 to 40,000 in 2024 to 2025, while total investments doubled to SR1.2 trillion, accounting for 30 percent of the Saudi economy. Some Seventy-two percent of investments in the economy came from the private sector, while the Kingdom’s Public Investment Fund’s (PIF) portfolio and
companies accounted for 13 percent, the Ministry of Investment announced in February 2025.
Over recent years, leading global corporations have been eager to establish their regional headquarters in the Kingdom encouraged by the Kingdom itself. The National Regional Headquarters (RHQ) Programme was launched in 2021 and has successfully positioned Saudi Arabia as a base for leading multinational organisations operating across the Middle East and North Africa. The initiative has become an important catalyst for attracting global corporations to establish regional operations within the Kingdom. Initially, the Vision 2030 target was to attract 500 global corporations to establish regional headquarters, which now seems a modest ambition because as of February 2025, nearly 600 such companies had set up operations in the Kingdom. Top firms setting up recently include Northern Trust, Bechtel and Pepsico from the US, and IHG Hotels and Resorts, PwC, and Deloitte from the UK.
Apart from the Saudi regional headquarters programme, other attractions for companies consist of the modern infrastructure and the facilities that are available to personnel of international firms active in the country such as access to international schools.
The rationale behind the initiative is to contribute towards doubling the size of the Saudi economy, improve the quality of life and foster Riyadh’s position among the top 10 largest city economies in the world by 2030. New business incentives and support facilities have helped create a positive, supportive and stable investment environment for doing business that is increasingly attracting foreign investors into the Kingdom from all over the world.
An updated investment law developed by the Saudi Ministry of Investment (MISA) was approved by ministers in August 2024 in a bid to unify several existing regulations under a common framework, providing investors with greater transparency, flexibility and improving business confidence.
The updated law brings together several existing freedoms and rights and expressly applies them to investors under one unified framework, providing investors with greater transparency, flexibility and confidence.
The investment law is based on international investment principles and includes:
• Enhanced rights for the investors affording them the rule of law, fair treatment, property rights, intellectual property protection and freedom to manage investments and seamless fund transfers.
• Transparency: the rights and duties of investors are brought under a unified legal framework, which is aligned with international best practice.
• Simplified registration will replace international investor licensing.
• Streamlining procedures and governance through dedicated service centres to facilitate government transactions and streamline investment processes.
• Fair competition: The law fosters a fair and competitive market where private enterprises can thrive in a dynamic and innovative ecosystem.
• A level playing field where there exists equal procedural treatment without prejudice for domestic and international investors.
Saudi Arabia Country Profile
• Effective dispute resolution: Access to the best-in-class dispute resolution in affiliation with the Saudi Arbitration Centre and other affiliates.
H E Khalid Al-Falih, the Saudi Minister of Investment, has commented: “The law reaffirms Saudi Arabia’s commitment to creating a welcoming and secure environment for investors, driving economic growth, and enhancing the Kingdom’s position as a premier global investment destination. The policy direction outlined in Vision 2030 allows investors to invest with certainty and to grow with confidence at a time when many other markets are experiencing considerable volatility.”
Rankings
On numerous rankings the Kingdom is recording outstanding achievements. The country witnessed an inflow of $25 billion in FDI in 2023. The Kingdom ranked sixth among G20 countries in terms of total investment as a percentage of GDP in 2023. Furthermore, it ranked second among the G20 by the ICT Development Index 2024.
The Kingdom operates the ninth largest stock market in the world and the largest within the MENA region.
Vision 2030 Enters the Delivery Phase
The successful impact of Saudi Vision 2030 on the country’s economic performance has been confirmed by successive reports. Latest analysis shows the acceleration of development across key sectors of infrastructure, real estate and tourism as new giga projects are implemented. The value of contracts awarded on these giga-projects has jumped 20 percent this year to reach $196 billion, a report from property consultancy Knight Frank indicated. The current pace of developments shows clearly that Vision 2030 has entered its delivery phase. >>>
Capital Riyadh is at the core of the Kingdom’s giga project drive, with landmark developments such as Diriyah Gate, King Salman Park, and the 220km Sports Boulevard reshaping the landscape.
Knight Frank has also estimated that Saudi Arabia’s overall construction output value will hit $191 billion by 2029 driven by growth in residential projects, ongoing giga-projects, and rising demand for office space. This is a 29 percent increase on 2024.
Diriyah Gate, one of Riyadh’s flagship projects, has emerged as one of the Kingdom’s most advanced developments. Contracts worth $5.9 billion were awarded in 2024, followed by another $3.7 billion in the first eight months of 2025. The total value of commissioned projects at Diriyah stands at $14.5 billion, with $45.6 billion more in the pipeline, Knight Frank said.
In western Saudi Arabia, 17 gigaprojects are underway with total announced investments of $431.3 billion since 2016, the Knight Frank report said. Of this, $57 billion has already been awarded and $187.2 billion remains in the pipeline as of late 2025. The region — home to Neom, the Red Sea Global project, and Qiddiya Coast — is at the centre of Vision 2030, aimed at transforming the area into a hub for futuristic living, luxury tourism, and sustainability.
Knight Frank reveals that construction contracts worth $24 billion have been awarded for Neom and its sub-projects to date, including $470 million for Magna, $3.31 billion for Trojena, $8.9 billion for The Line, and $9.3 billion for Oxagon.
Outside Riyadh and the western corridor, giga-projects across other regions and national initiatives represent $132.3 billion in investment, including $31.4 billion in commissioned projects and $85.3 billion in the pipeline.
There is a growing focus on sports and entertainment infrastructure, reflecting this sector’s importance in the completion of Vision 2030’s ambitions. Around a dozen stadiums are under construction or expansion, representing $17.5 billion in investments ahead of global events such as the 2027 AFC Asian Cup and the 2034 FIFA World Cup.
Real Estate Opportunities
New entertainment complexes under Saudi Entertainment Ventures, (SEVEN), a Public Investment Fund subsidiary, are being rolled out to a value of over $4.7 billion across major cities. Such projects include theme parks, cinemas, and family leisure centres with more than 570,000 sq. meters of retail space.
National Investment Strategy
The National Investment Strategy is a key component of the implementation of Vision 2030 and seeks to increase the level of investment by twentyfold between 2019 and 2030 taking it from SR17bn in 2019 to SR388bn in 2030.
Building on the Kingdom’s existing strengths, the overall objective of the NIS is to increase the quality and magnitude of investment, helping drive economic development in line with Vision 2030 and across priority sectors with a stronger role for the domestic and international private sector.
Sectors worthy of special note include green energy, technology, healthcare and biotechnology, and advanced transport and logistics, as well as innovative startups and entrepreneurship.
With the rapid progress of Vision 2030 projects and the massive expansion in Saudi infrastructure, real estate investment in 2025 has become one of the strongest and most profitable opportunities in the region. The capital, Riyadh, is the country’s top destination for real estate investors and it where mega projects like Qiddiya and Green Riyadh are driving both residential and commercial growth.
The country’s second economic capital, Jeddah, is the home for waterfront and corniche development projects which have significantly increased property values in recent times. Jeddah is witnessing growing demand for serviced apartments and commercial real estate, while the opening of the new King Abdulaziz International Airport transformed Jeddah into a vital hub for tourism and investment.
Meanwhile, Dammam, in the Eastern Province, has been witnessing rapid economic growth driven by the oil and logistics industries. There is high demand for residential properties for employees and professionals.
Port development and infrastructure projects in the city have boosted its investment value. Additionally, Dammam’s proximity to Bahrain adds to its attractiveness as a destination for investors.
Giga Projects
Saudi Arabia’s giga projects stand out as among the most ambitious developments in progress taking place across the global today. Contributing nearly 50% to the Kingdom’s non-oil GDP, diverse sectors are driving forward diversification and unlocking immense untapped investment potential. The Riyadh region, the Kingdom’s economic powerhouse, serves as a dynamic hub for the entire Middle East. With largescale transformations, industry growth, and progressive government initiatives, the national economy is booming. The country’s giga projects at various stages of development reflect the Kingdom’s growing confidence and ambitions as the transformation under the aegis of Vision 2030 gathers pace.
NEOM
Major infrastructure development and ambitious mega projects form an important part of the transformation that is occurring in the Saudi economy and society. One of the most celebrated projects is NEOM, which has been described as an “accelerator of human progress” in the kingdom. NEOM is driven by a new vision of what the future could look like. NEOM is marketed as a new model for sustainable living.
Regional Investment
An aim of Vision 2030 is to evenly distribute the benefits of growth and prosperity around the regions of the country so that no place or community is left behind. Saudi Arabia is divided into 13 regions with each one possessing its own unique investment opportunities that offer attractive propositions to investors.
Hail
Hail is a rapidly developing region with 259 development projects worth more than $1.5 billion. The region is home to two UNESCO World Heritage Sites.
Medina
Medina is home to Saudi Arabia’s first UNESCO World Heritage Site in AlUla, but it is also a booming business hub possessing two industrial areas on a total area of 10 million m2 and hundreds of factories producing petroleum products, building materials, food products, and a variety of other goods.
Northern Borders
From its phosphate mines to natural gas fields, the Northern Borders is ready to welcome investors from around the world to discover its natural resources.
Makkah
Makkah is widely known as Islam’s holiest city and draws millions of pilgrims from around the world every year. But the region is also home to Jeddah and the King Abdullah Economic City on the Red Sea coast, where investors can leverage the international trade routes that serve consumers in the Middle East and North Africa and beyond.
Aseer
Aseer is one of the fastest growing tourist destinations in Saudi Arabia, with around $3 billion of PIF projects in the pipeline for tourism and related infrastructure.
Najran
One of Saudi Arabia’s fastest growing regions, Najran attracts investors to its beautiful green natural landscape which is rich in mineral resources and fertile in agricultural products.
Jazan
Situated on the Red Sea coast, Jazan is home to several islands. Jazan City for Basic and Downstream Industries is one of the most important industrial cities and investment destinations in the region, assisted by its proximity to international shipping lanes.
Al-Baha
With its natural parks, archaeological villages, and its spectacular nature, AlBaha is an attractive investment region with considerable potential.
Al-Jouf
One of the most fertile regions in Saudi Arabia, Al-Jouf region is characterized by its rich agricultural lands, diversity of crops, olive trees and mineral resources. Al-jouf is also renowned for its wind and solar endowment making it an attractive location for renewable energy investments.
Tabuk
Known for its agricultural products, Tabuk is also an active commercial centre and home to several gigaprojects including the aforementioned NEOM and the Red Sea Project making it a highly attractive location for diverse investments across different sectors.
Qassim
A first-class agricultural region with an abundance of water, fertile soil, and agricultural diversity, Qassim has the best access to electricity infrastructure at the national level, a large area of agricultural land, and an outstanding production capacity in food.
Investing Globally
The international development agency of the Kingdom, the Saudi Fund for Development (SFD), has distributed over $20 billion in the last fifty years, financing more than 800 vital development projects and programmes in countries around the world. When it celebrated its 50th anniversary in 2024, the fund outlined the many projects it supported including social infrastructure in education, healthcare, water and sewage, housing and urban development, roads, railways, airports and seaports, as well as projects in energy, agriculture, mining and industry, among others.
Digital and Fintech
Today the Kingdom boasts a growing and robust banking sector with a comprehensive and advanced payments infrastructure. As part of Vision 2030, the Kingdom is positioning itself as a leading global hub for financial technology. It has achieved notable success in the growth of the digital economy which helps ensure sustainable growth. >>>
Saudi Arabia Country Profile
Fintech is now a major aspect of the Kingdom’s financial services landscape, with companies generating over $1 billion in revenues and reaching millions of customers.
The sector is on track for substantial growth propelled by recent major investment so that there were 224 fintech companies active in the Kingdom by the end of the second quarter of 2024, a figure in excess of an official target of 168, the Ministry of Finance said, with the ambition now to expand the number to 525 by 2030.
Telecoms and ICT
Saudi Arabia’s telecoms and ICT sectors benefit from initiatives aimed at diversifying the economy and in particular efforts to establish digital transformation, an essential element of which is the widening reach of 5G networks, which by mid-2021 reached about half of the population and the majority of cities. Developing ICT and AI are important aspects of Vision 2030. Space technology is another recent related futuristic industry that has been developed in the kingdom with the activities of bodies like the Saudi Space Agency, the King Abdulaziz City for Science and Technology and its Space and Aeronautics Research Institute.
Artificial Intelligence
Saudi Arabia aims to be in the world’s top 15 Artificial Intelligence nations by 2030.
Ambitious goals consist of training Saudi citizens to become data and AI experts, setting up more AI startups, and bringing in $20 billion of foreign investments into AI by 2030. The Kingdom is creating an AI-friendly ecosystem that includes high-speed broadband, 5G deployment and secure data access management. The adoption of AI and growth big data solutions are being stimulated by smart city programmes including NEOM.
The Kingdom has recognised the great potential of AI for advancing the education of its people. Schools in Saudi Arabia are to “go smart” with over six million students set to learn AI in 2025. In a bold step towards shaping the Kingdom’s tech-driven future, millions of students across the country’s general education system are to embark on a transformative journey through AI learning, it has been decided. For the 2025–2026 academic year, students will be introduced to a newly developed AI curriculum, marking the country’s first nationwide integration of AI into education, it was reported.
This adoption of AI to power education reflects the Kingdom’s ambitious embrace of the new technological advances to develop and upgrade its economic performance and create more job opportunities for its population across different sectors. Major national news outlets regularly report on such innovations, as “Saudi Arabia’s glamping revolution”, to mention just one recent news headline. This report in Arab News informed readers that, “From solarpowered tents in AlUla to AI-enhanced stargazing in the Empty Quarter, high-end glamping is turning remote landscapes into billion-dollar assets, combining sustainability with indulgence under the Kingdom’s Vision 2030.”
This use of technology forms part of the plans under the Kingdom’s National Tourism Strategy which aims to attract 150 million visitors by 2030. Tourism industry experts believe that highend glamping aligns with Vision 2030 by creating sustainable, experiencedriven tourism that boosts revenue, generates jobs, and supports regional development.
Growth in E-commerce
According to data by the Saudi Central Bank (SAMA) the number of online payments by Saudi consumers is increasing rapidly, rising 59.4 percent to 141.55 million transactions across shopping websites, in-app purchases,
and e-wallets. Mada is currently driving Saudi Arabia’s e-commerce growth recording a 72% surge to $7 billion in June 2025.
Mada is a national payments scheme that is operated by Saudi Payments, a SAMA-owned entity. This connects banks, ATMs and point-of-sale terminals, and underpins debit cards issued by local banks, making it the backbone of everyday spending and online checkout in the Kingdom, according to Arab News.
Resources for Investors
Special incentives are available to foreignaffiliated enterprises and international companies when establishing their offices in the Kingdom. This is encouraged by the Kingdom in a bid to promote clustering activities, ensure knowledge transfer, and accelerate the development of skills and competencies among the local workforce. New initiatives unveiled have comprised credit financing, guarantee, and insurance, financial incentives for R&D, tax credits and exemptions on training costs, attractive land solutions in economic cities and special zones, loan programmes and commercial risk insurance. Such measures are contributing towards diversifying and improving the Kingdom’s global competitiveness.
Driven by the core ambitions of Vision 2030, Saudi Arabia is now firmly positioned as a global hub for industrial
growth and resilient supply chains, attracting new investors and seeing new companies becoming active in the market on virtually a daily basis.
Invest Saudi
Invest Saudi, which operates under the Kingdom’s Ministry of Investment (MISA), is a national investment promotion platform that supports global business expansion into the Kingdom. The agency provides comprehensive services and support to investors whether they are at the start of their business in the Kingdom, in need of support in taking forward operations, or seeking to expand investment.
Invest Saudi services include:
Investment Opportunities
The agency enables firms to explore investment opportunities in Saudi Arabia through major projects, partnerships, and facilities.
Key Sectors
It highlights opportunities is energy, technology, tourism, and other vital sectors.
Key Regions
Invest Saudi can assist in key regions including Makkah, Riyadh, Al-Madinah, and Jeddah, along with Dammam, the heart of the Eastern Province, and Al Khobar.
Giga Projects
Major projects such as Neom, Qiddiya and The Red Sea.
Real estate investment
Municipal and real estate investment opportunities in major Saudi cities.
Global Supply Chain Resilience Initiative
Advancing resilient supply chains and positioning Saudi Arabia as a global logistics hub.
Special Economic Zones (SEZ)
Invest Saudi informs investors about SEZ benefits and incentives.
Public Investment Fund (PIF)
Explore PIF-backed investment opportunities.
Investor Journey Guide
It provides guidance on setting up a business in Saudi Arabia
Green Investments
Green investment opportunities are driving sustainable growth.
Invest Saudi can be found at: https://beta.investsaudi.sa/en/home.html
Saudi Vision 2030
For latest updates on the vision: https://www.vision2030.gov.sa/en
Leadership & Transformation
Recently, Waltons Publications Managing Director Gary Cooper caught up with Mijal Raja, CEO of Right Brain Thinking International (RBTI), to discuss how the company is strategically positioning itself for the Middle East region in 2026, as the region rapidly advances toward transformation and a leading global position.
Interview with Mijal Right Brain Thinking International
“When you look at industry leaders like Google, Amazon and Microsoft, they’re not chasing diversity targets. They’re after one thing: the people who’ll drive their business forward, the innovators, the strategic minds, the ones who get things done.”
Drawing from neuroscience and design thinking, Mijal’s approach helps organisations and leaders prepare for tomorrow’s challenges whilst staying grounded in authenticity. He’s particularly energised by the ambitious transformation happening across the Gulf region, where he works with individuals and organisations navigating change with both boldness and creativity, building a future that’s prosperous and genuinely inclusive.
Q: Right Brain Thinking puts considerable emphasis on diversity, equity, and inclusion. For someone unfamiliar with the space, what does that really mean on the ground? And why is this particularly relevant for Gulf nations with such ambitious development plans?
A: The issue I see repeatedly is organisations treating DEI as though it’s something you can tick off a list. They’ll announce a goal, 30% women in senior roles, for instance, but they haven’t actually changed anything about how they find people, train them, or move them up the ladder. And here’s what gets me: why set the ceiling at 30%? That approach fundamentally misunderstands what DEI is meant to achieve, and nobody wins.
At Right Brain Thinking, we’re coming at this from a completely different angle. DEI shouldn’t be about quotas. It’s a performance question. You want systems that attract and retain the right people because they’ve got the skills, the viewpoint, and the drive that’ll make your organisation sharper, more creative, and ultimately more profitable, not because they fit some demographic target.
The Gulf states are actually in an enviable position here. When you’ve got long-term national strategies like Vision 2030 in Saudi Arabia, the UAE’s plans stretching to 2071, and Qatar’s 2030 vision, these countries can build world-class DEI practices into the foundation. They don’t have to unlearn bad habits or retrofit old systems. Our job is helping organisations design the right infrastructure, recruitment, professional development, promotion pathways, leadership structures, board composition, so DEI becomes something that genuinely enables growth rather than just appearing in annual reports.
Q: We’ve seen some high-profile companies scale back their DEI programmes recently. How do you respond to that trend?
A: My view on this is pretty clear-cut: DEI isn’t about making compromises. It’s about gaining an edge over your competition. Look at who’s dominating their sectors, companies like Google, Amazon, Microsoft. They’re not sitting around worrying about meeting quotas. What they’re doing is going after the best innovators and problem-solvers they can possibly find. Proper DEI doesn’t mean you’re diluting your standards, it means you’re casting a wider net to find exceptional people.
Good DEI helps you spot talent that might otherwise slip through the cracks because of unconscious bias or just plain outdated thinking. When companies push back against this, they’re not only walking away from doing the right thing, they’re actively hurting their bottom line.
There’s decades of data, solid research, that shows a direct link between effective DEI strategies and improved performance, productivity, and profitability. That’s what underpins our DEI Profit Driver™ programme. It’s a strategic framework that quantifies what you stand to gain when you get this right, and equally, what it costs you when you don’t. This isn’t about politics or ideology, it’s a straightforward business strategy with results you can measure and bank on.
Derek Redmond OLY
Chairman, Right Brain Thinking International Former Olympic Sprinter & World Champion
“We help leaders slow down so they can actually speed up. That’s when you see momentum return.”
Derek Redmond OLY is a keynote speaker and business performance coach who’s spent over 30 years working with leaders and organisations worldwide. Drawing on his background as a world champion athlete, he helps translate principles of resilience, teamwork, and high performance into practical business strategy.
Derek Redmond OLY, Chairman of Right Brain Thinking International, former Olympic sprinter and world champion, discusses how elite performance thinking applies to business, the leadership challenges he’s seeing, and the growing UK–GCC strategic relationship.
RBTI’s Transformative Leadership Programme
Right Brain Thinking International delivers a holistic leadership development programme that merges neuroscience, design thinking, and cutting-edge technology. Built around three core pillars, DEI & Leadership, Women’s Equality, and AI & Cybersecurity, the programme equips organisations with the strategic frameworks needed to build future-ready leaders.
Through its Corporate Beyond 2030’s Academy, RBTI combines management consultancy with cultural change initiatives, helping organisations embed high-performance cultures whilst addressing critical skills gaps. The approach integrates evidence-based methodologies with practical implementation, ensuring sustainable transformation that drives measurable results.
Operating across the GCC and internationally, RBTI’s programmes focus on developing leadership capability, fostering innovation, and creating inclusive environments where diverse talent thrives. The framework is designed to be scalable, addressing everything from individual leadership development to organisation-wide cultural transformation.
The Three Core RBTI Pillars
The Program (Our Solution)
RAF (10 years); Rolls-Royce & Bentley global launch; group-wide management development; leadership training specialist.
The Kingdom of Saudi Arabia and the United Kingdom are seeking to diversify their bilateral relationship with an ambitious programme of cooperation to enhance mutual prosperity, strengthen shared security and address global challenges such as the climate emergency.
The longstanding partnership between the UK and Saudi Arabia has been praised for its success in strengthening public-private sector engagement and opening up vast new opportunities.
The UK has pledged staunch support for Saudi Vision 2030 and is committed to the opportunities that the vision strategy presents for deepening bilateral partnership.
This collaboration is driven by successful implementation of game changing projects and the formal strategic partnership at government level enables the countries to jointly explore new horizons for future cooperation among private sector investors.
The UK and the KSA released a joint statement by the Strategic Partnership Council: Economic and Social Pillar to coincide with the Department for
Business & Trade’s “Great Futures” Summit that was held in London on 3 September 2025.
The Saudi-UK Strategic Partnership Council was established in March 2018 marking a deepening of their longstanding cooperation. This body is co-chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz AlSaud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Sir Keir Starmer, UK Prime Minister.
The Council aims to develop and strengthen bilateral relations; and is structured into two pillars: one for defence, security, and political issues; and one for economic and social matters.
The Economic and Social Pillar is cochaired by H E Dr Majid Al-Kassabi, the Saudi Minister of Commerce, and the Rt
Hon Peter Kyle MP, UK Secretary of State for Business and Trade, who recently took over from Jonathan Reynolds MP.
This Summit came just over one year on from the launch of the GREAT FUTURES campaign in Riyadh in May 2024 when the UK brought its largest ever trade delegation to a foreign country for a business summit.
The 3 September Summit in London brought together hundreds of senior leaders and government representatives to highlight the success of this UK-Saudi partnership and what had been achieved in the past year.
The GREAT FUTURES initiative acts as a key driver for promoting shared economic priorities, advancing strategic initiatives, highlighting shared successes, and accelerating economic growth in
both countries. Thirteen growth sectors fall within the ambitions of the joint initiative to promote two-way investment and job creation.
The Economic and Social Pillar cochairs conducted their fifth meeting during the GREAT FUTURES summit, during which they expressed pride in the tangible progress made in cooperation since the initiative’s launch last year. The UK has announced that the campaign delivered over 4,100 British jobs from over £4bn of UK-Saudi deals since its launch.
In September, a new Saudi-UK Strategic Partnership was unveiled building on the synergies between Britain’s modern Industrial Strategy and Saudi Vision 2030, designed to turbocharge collaboration, trade and resilience in priority sectors.
A focus on five strategic priority areas has now been agreed by the two countries.
Five strategic priority areas
1. Financial Connectivity:
There will be an accelerated roadmap to increase connectivity between UK and Saudi financial centres, focuses on
unlocking growth capital for investment in priority sectors, aligning policies in capital markets, fintech, sustainable finance, insurance and Pension, and carbon market trading.
2. Life Sciences and HealthTech:
This aims to strengthen collaboration in life sciences and biotechnology, uniting shared ambitions for innovation, economic growth, and global health leadership.
3. Industrial Growth:
This aspect sets a framework for driving industrial advance, cooperation in Fourth Industrial Revolution technologies, advanced composite materials, sustainable materials, and critical mineral supply chains.
4. Creative Industries:
The two countries have committed to strategic cooperation to foster cultural and creative exchange, boost innovation and talent development, while supporting major events such as the 2034 World Cup and Expo 2030.
5. Innovation in Education:
The partnership drives collaboration in the evolving landscape of education
technology, bringing digital skills and AI technologies into curriculum innovation, digital learning, and future skills development in priority sectors.
Achievements
Over the past year notable achievements driven by the partnership include the following:
Trade, Investment, and Financial Services
Bilateral trade exceeded £16 billion in 2024, though it later dropped back slightly; however, the two countries have reaffirmed the goal of reaching £30 billion by 2030.
Negotiations towards a free trade agreement between the UK and the Gulf Cooperation Council countries, including Saudi Arabia, have witnessed remarkable progress towards completion. This milestone will give a major boost to bilateral trade and flows of investment.
Success stories in recent years have included major Saudi investment into the UK economy, and steps by many British companies to open regional headquarters in Saudi Arabia. >>>
Education, Innovation, and Healthcare
The two countries have welcomed the licensing of nine British schools, with a goal of ten schools by 2025. They have equally welcomed the licensing of two British universities to open branches in Saudi Arabia.
Both countries have been encouraged by the outcomes of the Saudi-UK Future Skills initiative, held under the GREAT FUTURES campaign, which resulted in the signing of seven agreements and memoranda of understanding in the fields of education, technical and vocational training, skills development, and the launch of joint executive programmes that contribute to bridging future skills gaps.
Building on a shared commitment to advance the transformation of the healthcare sector, the two sides have celebrated the establishment of the first UK nursing college in Saudi Arabia. In addition, the Saudi Research, Development, and Innovation Authority and the UK Department for Science, Innovation and Technology have agreed on joint innovation and research projects.
Energy, Industry, Transport, Mining and Environment
The Economic and Social Pillar witnessed pioneering projects in the fields of clean energy and hydrogen. In the mining field, an agreement was signed to collaborate in securing critical mineral supplies, exchanging expertise in mining operations and modern technologies.
The two sides encourage British investment in Saudi mining, chemicals, and biotechnology sectors. As part of
strengthening efforts in the transportation sector, they have agreed to activate the memoranda of understanding in the fields of air transport, railways, and the future of mobility.
In addition, UK- Saudi cooperation in the environmental field has advanced with the signing of memoranda of understanding to implement joint projects in marine environment protection, meteorology, and climate change.
Culture, Sports, and Tourism
The UK and the KSA have agreed on the importance of strengthening cultural cooperation across various sectors, under the Memorandum of Understanding signed between the Saudi Ministry of Culture and the UK’s Department for Culture, Media and Sport. They have also agreed to promote joint work between cultural institutions and entities, and to support participation in international cultural and artistic events held in both friendly countries.
Since the launch of the electronic visit visas in both Kingdoms, tourism between the UK and Saudi Arabia has grown significantly, with over 750,000 visitors travelling between the two countries in 2024 which reflect strong cultural ties. Both countries commended the ongoing partnership in the sports sector between the Ministry of Sports, represented by Leaders’ Development, to enhance academic development through joint sports research and training, including women’s empowerment initiatives.
Sports
The two countries are also working on several strategic partnerships aimed at developing sports infrastructure and
programmes, enhancing Saudi Arabia’s preparation to host major sport events, and transferring leading British expertise in this field. Their areas of cooperation include developing the Esports sector between the two countries’ Esports federations.
Under initiatives like the GREAT FUTURES campaign, the UK and Saudi Arabia are seeking to foster partnerships and strengthen public-private sector engagement.
Areas of Cooperation
In recent years, the UK and Saudi Arabia have witnessed a notable growth in their two-way investment relationship.
In particular, there has been significant Saudi investment in the UK economy. In 2024, this included PIF’s investments in Selfridges and Heathrow Airport, as well as additional investment in Newcastle United Football Club, reflecting growing ties between the Northeast of England and Saudi Arabia.
On the other hand, the UK continues to be one of the largest foreign investors in Saudi Arabia. Building on the success of its landmark $700mn Shariah-compliant financing facility in Qiddiya, UK Export Finance announced plans to increase its market exposure to $6bn.
The two countries want to enhance cooperation in the energy sector by cooperation in electricity and renewable energy, clean hydrogen and its applications. This includes focusing on regulations, and standards for clean hydrogen, clean hydrogen business models, as well as capacity building as a key enabler for successful multilateral cooperation in the clean hydrogen sector.
CONTINUED
Both countries have stressed the importance of enhancing the reliability of global supply chains, particularly with the launch of Saudi Arabia’s Global Supply Chain Resilience Initiative securing supplies for various global supply chains, especially in areas such as renewable energy, hydrogen production, green minerals, specialized petrochemicals, waste recycling, and electric vehicles.
Economic Zones
The launch by the Kingdom of five special economic zones to target growth in strategic industries and sectors, allows British companies to benefit from the advantages and incentives provided by the zones at all levels of supply chains and across various sectors.
The two countries aim to step up cooperation in the fields of clean technology, energy innovation, and sustainability, contributing to sustainable economic growth and the development of further commercial partnerships.
The UK and Saudi Arabia have agreed to work together to establish a consortium for Clean Hydrogen between Saudi and British universities led by Newcastle University and King Fahd University of Petroleum and Minerals.
Financial Services
The UK and Saudi Arabia seek to deepen bilateral cooperation in the financial services sector, including areas like banking, fintech, asset management, green finance, and insurance.
Critical minerals and mining are important aspects of the UK-Saudi partnership.. They have agreed to strengthen cooperation on developing sustainable mining sectors and
diversifying the supply of rare minerals for clean technologies. In this area, one recent initiative is the partnership between the University of Exeter’s Cambourne School of Mines and the Saudi Mineral Innovation Acceleration Park
Travel & Tourism
Both countries have welcomed the rapidly growing number of visitors between the two Kingdoms and look forward to these increasing further following the recent announcement of new air links and easing of visa requirements on both sides.
They have agreed to exchange expertise on heritage and museums infrastructure, with initiatives including a new executive programme to strengthen UK engagement in Saudi Arabia’s development of AlUla. In this respect, a partnership has been concluded between the Royal Commission for AlUla and the British Council which will accelerate the UK’s collaboration with Al Ula through culture, training, and research.
Bilateral Trade
Total trade in goods and services (exports plus imports) between the UK and Saudi Arabia was £15.1 billion in the four quarters to the end of Q1 2025, a decrease of 11.3% or £1.9 billion in current prices from the four quarters to the end of Q1 2024, according to latest figures released by the Department for Business & Trade, on 19 September 2025.
In the four quarters to the end of Q1 2025, total UK exports to Saudi Arabia amounted to £12.2 billion, a decrease of 6.3% or £815 million in current prices, compared to the same period in 2024. These details are issued in the latest of the DBT’s trade and investment factsheets on the two countries.
Of all UK exports to Saudi Arabia in the four quarters to the end of Q1 2025, £4.2 billion (34.5%) were goods and £8.0 billion (65.5%) were services. UK exports of goods to Saudi Arabia decreased by13.4% or £651 million in current prices, compared to 2024 while UK exports of services to the Kingdom decreased by 2.0% or £164 million in current prices, compared to 2024.
Meanwhile, total UK imports from Saudi Arabia were £3.0 billion (a decrease of 27.2% or £1.1 billion in current prices, compared to 2024.
Of all UK imports, £1.8 billion (59.1%) were goods and £1.2 billion (40.9%) were services. In the same period, UK imports of goods from Saudi Arabia decreased by 38.9% or £1.1 billion in current prices, compared to 2024 while UK imports of services from Saudi Arabia increased by 0.8% or £10 million in current prices, compared to 2024.
This means the UK reported a total trade surplus of £9.2 billion with Saudi Arabia, compared to a trade surplus of £8.9 billion in 2024. In the four quarters to the end of Q1 2025, the UK had a trade in goods surplus of £2.4 billion, compared to a trade in goods surplus of £2.0 billion in 2024.
Meanwhile, in the four quarters to the end of Q1 2025 the UK reported a trade in services surplus of £6.8 billion with Saudi Arabia, compared to a trade in services surplus of £6.9 billion in 2024.
Sources including Trade & Investment Factsheet, Department for Business Trade, September 2025
£ 3 . 7 b n £ 3 . 7 b n worth of deals and 4 1 0 0 4 1 0 0 over jobs created between the UK and Saudi Arabia over the last year.
£ 3 . 7 b n £ 3 . 7 b n worth of deals and 4 1 0 0 4 1 0 0 over jobs created between the UK and Saudi Arabia over the last year.
Saudi Arabia’s Maritime Future
Setting the Scene
The shipping industry carries the vast majority of world trade, making ports and logistics vital to global economic resilience. As supply chains face challenges ranging from congestion to climate pressures, countries with strong maritime strategies are reshaping their roles in global commerce. Saudi Arabia, positioned on both the Red Sea and the Arabian Gulf, is seizing this opportunity. Through Vision 2030, heavy infrastructure investment, regulatory modernisation, and technological adoption, the Kingdom is on a determined course to establish itself as one of the world’s foremost shipping hubs.
Vision 2030 and Logistics Transformation
Saudi Arabia’s Vision 2030 places logistics and transport at the heart of its economic diversification. The National Transport and Logistics Strategy commits to turning the Kingdom into a connective hub for Asia, Africa, and Europe. This means more than expanding ports: it involves linking maritime gateways to rail, road, and air, reducing customs bottlenecks, and encouraging private sector involvement.
Performance figures show clear progress. Cargo throughput across Saudi ports exceeded 331 million tonnes in 2024, driven by both exports and imports. New logistics centres and inland hubs are being developed to spread capacity across the country. Together, these initiatives support the ambition of transforming Saudi Arabia from a regional facilitator into a global logistics powerhouse.
Expanding and Modernising Ports
Saudi Arabia is upgrading existing ports while simultaneously planning new maritime complexes. Jeddah on the Red Sea and Dammam on the Gulf have both undergone expansions to improve container handling and reduce delays. These improvements strengthen the Kingdom’s ability to attract major shipping lines.
Beyond expansion, new ports are being designed to operate as fully integrated, technology-driven facilities. Alongside these developments, largescale shipbuilding and repair yards are being constructed to localise services that previously relied on overseas providers.
To complement port investment, Saudi Arabia is pursuing an ambitious east-west “land bridge” rail link. This corridor would enable goods arriving on the Red Sea coast to be transported across the Kingdom to the Gulf for onward shipping to Asia. By creating this redundancy, Saudi Arabia reduces its reliance on global chokepoints such as the Suez Canal and enhances the resilience of trade flows.
Technology and Smart Port Innovation
Efficiency now depends as much on digital infrastructure as physical assets. Saudi Arabia is investing heavily in automation, AI, and data-driven port management. Remote-controlled cranes, autonomous vehicles in container yards, and IoT-based cargo monitoring are increasingly part of new projects.
The integration of blockchain for secure documentation and predictive analytics for vessel scheduling promises faster and more transparent operations. By embedding these systems from the outset, Saudi Arabia gains an advantage over older ports that must retrofit technology. For shippers, this translates to reduced turnaround times, greater reliability, and clearer supply chain visibility.
Sustainability and Global Standards
Environmental responsibility is reshaping shipping worldwide. The UK has set ambitious goals through its Maritime Decarbonisation Strategy, which commits to net-zero emissions by 2050. This includes measures such as cleaner fuels, electrified port equipment, and investment in shore power.
Saudi Arabia is aligning with these international expectations. The Kingdom has set a national target of net-zero by 2060 and is rolling out renewable energy initiatives at ports, alongside electrification of cargohandling equipment. Updated maritime regulations are designed to meet International Maritime Organization standards, ensuring global operators can rely on Saudi ports for compliance as well as efficiency.
By pursuing sustainability alongside expansion, Saudi Arabia is futureproofing its maritime growth and making its ports more attractive to environmentally conscious shippers.
Security, Resilience, and Connectivity
Geopolitical risks in the Red Sea and Gulf highlight the importance of maritime security. Saudi Arabia has invested in enhanced coastal defence, cybersecurity for port systems, and closer cooperation with international partners to keep its sea lanes safe.
Connectivity has expanded as well.
Saudi ports now serve direct routes to dozens of major markets in Europe, Asia, and Africa. These links reduce dependence on a small number of hubs
and provide shippers with more flexible routing options. Combined with the upcoming rail land bridge, the Kingdom is creating one of the most resilient logistics ecosystems in the region.
Opportunities and Challenges
The opportunities are significant: capturing more cargo volume, developing new value-added logistics services, building a domestic shipbuilding industry, and diversifying exports. Challenges include the high cost of infrastructure, the need for skilled professionals, and the complexity of coordinating large-scale projects across multiple sectors.
Yet the momentum is clear. By aligning investment with regulation, technology, and sustainability, Saudi Arabia is laying the foundations for long-term competitiveness in the global maritime sector.
Looking Ahead
Saudi Arabia is steadily transitioning from an oil-focused economy to a diversified global logistics centre. Through modernised ports, smart technology, environmental alignment, and secure trade routes, the Kingdom is positioning itself at the forefront of global shipping.
For international businesses and investors, this evolution signals new opportunities. Saudi Arabia is not only building capacity but also demonstrating reliability and resilience, essential qualities for any global hub.
As maritime trade continues to evolve, the Kingdom’s commitment to innovation and sustainability ensures its role as a pivotal connector between East and West.
References
Saudi ports handle over 331 million tonnes of cargo in 2024 (GASTAT data)
Maritime Decarbonisation Strategy, UK Government https://www.gov.uk/government/publications/ maritime-decarbonisation-strategy
Analytical annex for UK maritime decarbonisation https://assets.publishing.service.gov.uk/ media/67f4dcb3c2fea2548f4eff64/dft-maritimedecarb-strategy-25.pdf
Hill Dickinson analysis of UK strategy and international shipping https://www.hilldickinson.com/insights/articles/ uks-maritime-decarbonisation-strategy-andmepc-83-impacts-marine-cargo-industry
Reuters on UK maritime investment (2025) https://www.reuters.com/world/uk/ukgovernment-industry-invest-over-11-billionpounds-maritime-sector-2025-09-14/
UK–Saudi Trade and Investment Opportunities
As Saudi Arabia undergoes a remarkable economic transformation, the United Kingdom is poised to deepen its trade and investment ties with the Kingdom. Bilateral trade already exceeds £16 billion annually, making Saudi one of Britain’s most important non-European markets.
This thriving partnership spans traditional sectors like defence as well as emerging fields in education, technology, and renewable energy. With strong political support and alignment between Saudi Vision 2030 and the UK’s global trade agenda, new opportunities are opening up for businesses on both sides.
Thriving Trade Relations
Trade between the UK and Saudi Arabia is robust and growing. Saudi Arabia ranks among the UK’s top 20 export markets, accounting for roughly 1.5% of all British exports. The UK exports a broad range of goods to Saudi Arabia – from machinery and automobiles to pharmaceuticals and metals – while importing mainly
petroleum and related commodities. Nearly two-thirds of British exports to Saudi Arabia are in services, reflecting the UK’s strength in finance, consulting, education and tourism.
The UK consistently runs a substantial trade surplus with Saudi Arabia, showing strong Saudi demand for British products and expertise. For Saudi Arabia, enhanced trade with the UK supports economic diversification by bringing in highquality goods and world-class services. Both governments are keen to expand trade further, including through a free trade agreement between the UK and the Gulf Cooperation Council.
Two-Way Investment and Strategic Partnership
It’s not just about buying and selling –investment flows between the UK and Saudi Arabia are reaching new heights. British companies have a longstanding presence in the Kingdom, with major firms in energy, healthcare, defence, and consumer goods operating there.
At the same time, Saudi investment into the UK has grown rapidly, creating thousands of jobs.
High-level frameworks such as the Saudi–UK Strategic Partnership Council are helping align economic and social initiatives. Agreements such as the Critical Minerals Cooperation Partnership, launched in early 2025, show how both countries are investing in future-facing industries. Capital is moving in both directions: UK firms are investing in Saudi mega-projects, while Saudi companies are funding UK ventures ranging from renewable energy to finance.
Defence and Security Collaboration
Defence has long been a cornerstone of UK–Saudi economic relations. Saudi Arabia is one of the largest customers for Britain’s defence industry, purchasing aircraft, vehicles, and security systems over many decades. British aerospace and defence contractors employ thousands in the Kingdom through joint ventures that provide training, maintenance and support.
Saudi Arabia aims to localise over half of its defence procurement by 2030. Progress has already been made, with localisation increasing significantly since 2018. In 2025, new joint ventures were launched to boost local production, transferring knowledge and building Saudi talent. For UK defence firms, opportunities are shifting from exports alone to partnerships that establish a
presence in the Kingdom. With Saudi Arabia maintaining one of the largest defence budgets globally, the market remains highly attractive for British expertise and technology.
Education and Skills Exchange
Education is another vibrant area of UK–Saudi engagement, with enormous potential for growth. Saudi Arabia’s youthful population is eager for knowledge and skills, and the Kingdom is investing heavily in reform under Vision 2030. This presents many opportunities for British universities, schools, and training providers.
Saudi Arabia already sends thousands of students to the UK each year, making it the leading Arab country in terms of student numbers in Britain. At the same time, demand for British curricula and institutions in Saudi Arabia is rising. Branch campuses, twinning programmes, and partnerships with UK education providers are increasingly common.
Skills development is a top priority as Saudi Arabia diversifies its economy. British expertise is helping train workers in hospitality, healthcare, aviation, and English-language proficiency. Meanwhile, education technology is emerging as a growth area, with Saudi Arabia investing in AI-driven learning platforms and digital tools where British companies excel.
Technology, AI and Innovation
As Saudi Arabia modernises its economy, technology and innovation partnerships with the UK are flourishing. The Kingdom’s National Strategy for Data and Artificial Intelligence sets out an ambition to be a global AI leader by 2030, attracting billions in investment.
AI alone is projected to contribute over $130 billion to Saudi Arabia’s GDP by the end of the decade.
British companies are well positioned to partner in AI, fintech, and digital transformation. The UK’s expertise in regulation, ethical frameworks, and innovation makes it a natural collaborator. Saudi Arabia’s fintech sector is expanding rapidly, with the adoption of frameworks like open banking creating fertile ground for British firms to enter. Collaboration also extends into cybersecurity, digital finance, and smart city design, where projects like NEOM are pushing the boundaries of technology.
Energy and Infrastructure: Building the Future
Energy remains central to the UK–Saudi relationship, though the emphasis is shifting toward renewables and sustainable infrastructure. Saudi Arabia is investing heavily in solar, wind, and green hydrogen projects. Giga-projects such as NEOM, Qiddiya, and the Red Sea resorts are designed as global showcases for innovation and sustainability.
British companies are already securing contracts in design, consultancy, and supply. Support from UK Export Finance has enabled both large contractors and SMEs to participate, with projects ranging from mega-entertainment complexes to waste recycling plants. Clean hydrogen export corridors linking Saudi Arabia to the UK are also under development, aligning with Britain’s net-zero goals.
Conclusion: A Partnership for Prosperity
From defence deals to classroom exchanges, and from AI labs to wind farms, the UK–Saudi economic
partnership is entering an exciting new phase. This engagement now spans defence, education, technology, energy, and finance, touching nearly every aspect of industry and society.
Saudi Arabia today offers a fast-growing market with phenomenal ambitions under Vision 2030, while the UK provides world-class expertise and stability. Both governments are smoothing the path for business, creating an environment where collaboration can flourish.
All signs point to a deeper and more diversified partnership in the years ahead. For business leaders and investors, the message is clear: the UK–Saudi relationship is rich with opportunity, built on shared vision, and ready to deliver prosperity for both nations.
Saudi Arabia’s Mega Projects in Tourism & Infrastructure
The Kingdom of Saudi Arabia and the United Kingdom are seeking to diversify their bilateral relationship with an ambitious programme of cooperation to enhance mutual prosperity, strengthen shared security and address global challenges such as the climate emergency.
Introduction
Saudi Arabia is undergoing a breathtaking transformation as it pours unprecedented investment into mega projects in tourism and infrastructure. Under the Kingdom’s Vision 2030 diversification plan, more than $1 trillion is earmarked for sprawling “giga-projects” aimed at reducing reliance on oil and turning Saudi Arabia into a world-class destination. From futuristic smart cities rising in the desert to luxurious resorts along the Red Sea, these projects are reshaping the economic landscape and capturing global attention. The ambitious strategy is already showing results – Saudi Arabia led the world in tourism growth in early 2025 with international arrivals up 102% from pre-pandemic levels. This article explores the Kingdom’s flagship tourism and infrastructure projects, the innovation driving them, and what they mean for business and investors.
Vision 2030: Ambition Fuelled by Giga-Projects
At the heart of Saudi Arabia’s development agenda is Vision 2030, a blueprint for a diversified, modern economy. Tourism is a keystone of this vision, seen as a key enabler of economic transformation by the country’s leadership. The government’s strategy is backed by enormous funding: over $1 trillion is being invested in tourism and associated infrastructure, spanning dozens of landmark projects across the country.
These investments are not just about building attractions – they are designed to catalyse new sectors and even whole new cities. The goal is to attract 100 million visits annually by 2030 (a target recently raised to 150 million, given rapid progress) and boost tourism’s contribution to GDP from roughly 4% today to over 10% by the end of the decade.
Crucially, the mega-projects serve multiple Vision 2030 objectives. They
drive economic growth and job creation, but also promote cultural heritage and social development. For example, developing historic sites like Diriyah and AlUla aligns with the “Vibrant Society” pillar by reconnecting Saudis and visitors with the Kingdom’s heritage. Meanwhile, high-tech new cities like NEOM contribute to a “Thriving Economy” through innovation, and require streamlined regulations and foreign partnerships echoing the “Ambitious Nation” governance reforms.
Tourism Mega-Projects: Building World-Class Destinations
A series of extravagant tourism developments are underway, positioning Saudi Arabia as a premier travel destination that blends luxury, culture, and adventure.
The Red Sea Project is a vast resort destination rising on an archipelago of pristine islands and beaches along the Red Sea coast. Spanning around 28,000 km², it will include 50 eco-friendly resorts across 22 islands and six inland sites by 2030. Developed by the Kingdom’s sovereign wealth fund via Red Sea Global, this luxury tourism enclave is focused on sustainability – powered entirely by renewable energy and set amid protected coral reefs and desert landscapes.
The first resort opened in late 2023, and 16 hotels are slated to be up and running by 2025 as part of Phase One. Once fully operational, the Red Sea development is expected to generate around $4 billion in annual GDP and create 35,000 jobs.
Nearby, AMAALA is another ultra-luxury destination focusing on wellness and marine recreation.
Together, these projects form a cornerstone of Saudi Arabia’s strategy to attract high-end international travellers.
In Riyadh’s outskirts, Qiddiya is rising as the Kingdom’s epicentre of entertainment, sports and culture. Covering 334 km², Qiddiya is backed by the Public Investment Fund and has already attracted billions in private investment. The development will include theme parks, a Formula 1 racetrack, golf courses, and concert arenas. By 2030, it is expected to welcome up to 17 million visitors annually, contribute about $4.5 billion to GDP, and create 57,000 jobs.
Heritage-focused projects are another pillar of the tourism push. Diriyah Gate, near Riyadh, is a $50 billion development to restore and reimagine the historic birthplace of the Saudi state. It will feature hotels, restaurants, and museums built in traditional Najdi architectural style. Upon completion, it is projected to create nearly 178,000 jobs and add over $18 billion to GDP. Similarly, the ancient oasis of AlUla is being transformed with a $15 billion master plan into a living museum with boutique hotels and cultural attractions, projected to create 38,000 jobs and contribute $32 billion to the economy.
Other significant projects include Soudah Peaks in the Asir mountains, designed as a mountain ecotourism resort, and Masar in Makkah, an urban redevelopment enhancing the pilgrim experience. Together, these initiatives diversify the Kingdom’s tourism offering with experiences spanning luxury, adventure, and heritage.
Infrastructure and Smart Cities: Laying the Foundation
Complementing the tourism boom is a wave of infrastructure mega-projects, aimed at building entirely new cities and modernising existing ones.
The most ambitious is NEOM, a $500 billion high-tech city-state in Tabuk Province. Encompassing 26,500 km², NEOM includes projects such as The Line (a 170 km linear city with zero cars), Oxagon (a floating industrial hub), Trojena (an alpine-themed mountain resort), and Sindalah (a luxury island marina). While initial population targets have been adjusted, NEOM is still expected to contribute nearly $48 billion to GDP by 2030 and create 380,000 jobs.
In Riyadh, the New Murabba development features the futuristic “Mukaab” cube structure, while the new King Salman International Airport aims to be one of the world’s largest. The $22 billion Riyadh Metro will soon open six lines, transforming public transport in the capital.
Jeddah is also being modernised with the Jeddah Central waterfront redevelopment worth $20 billion, which includes cultural venues, marinas, and thousands of new homes. The government’s Saudi Downtown programme will further revitalise 12 other cities, ensuring growth is spread across the Kingdom.
Innovation and Sustainability at the Core
Saudi Arabia’s mega-projects place innovation and sustainability at their centre. The Red Sea Project is powered entirely by renewable energy, while NEOM plans to host the world’s largest green hydrogen plant.
Modular construction, 3D printing, drones, and AI monitoring systems are being deployed to accelerate building timelines and reduce costs.
Sustainability regulations are also advancing, such as new cruise ship rules at the Red Sea resorts, aligning with global environmental standards. These efforts demonstrate a shift towards regenerative development that enhances ecosystems while building economic value.
UK-Saudi Collaboration and Business Opportunities
The UK is emerging as a key partner in Saudi Arabia’s transformation. Over 1,300 British companies now operate in the Kingdom, and 50 UK firms have established regional headquarters in Riyadh. British expertise in engineering, sustainability, design, and project management is directly contributing to giga-projects such as NEOM and Qiddiya.
For UK and international firms, opportunities span construction, hospitality, renewable energy, entertainment, legal services, and smart technology. Transparent regulations, special economic zones, and joint ventures are paving the way for greater collaboration.
Opportunities and Challenges
While opportunities are vast, challenges remain. Delivering such ambitious projects on schedule is a logistical test, with some timelines already adjusted. Questions
Tourism & Infrastructure
about financial returns and local community impact are ongoing, particularly in sensitive areas like NEOM. However, tourism revenues reached record highs in 2025, and Saudi Arabia led the G20 in growth of international arrivals, suggesting strong momentum.
Conclusion
Saudi Arabia’s mega projects in tourism and infrastructure are reshaping the nation’s future. Luxury resorts, cultural hubs, smart cities, and modernised urban centres are positioning the Kingdom as a new global hub for business and leisure. For British and international firms, the message is clear: the opportunities are immense, but success requires cultural understanding, regulatory awareness, and a focus on sustainable, innovative solutions.
References
Atalayar – Saudi Arabia leads global tourism growth in 2025 (20 July 2025) https://www.atalayar.com/en/articulo/economyand-business/saudi-arabia-leads-global-tourismgrowth-in-2025/20250720190000216857.html
CoStar News – More Than $1 Trillion Invested in Saudi Vision To Dominate Tourism and Sport (4 January 2024) https://www.costar.com/article/4856921/morethan-1-trillion-invested-in-saudi-vision-todominate-tourism-and-sport
Red Sea Global – Our Destinations (Official site) https://www.redseaglobal.com/en
Setup in Saudi (AstroLabs) – Giga Projects in Saudi Arabia – Building the Saudi Future https://www.setupinsaudi.com/en/giga-projects
Arab News – UK-Saudi trade ties deepen as 50 British firms set up regional HQs in Kingdom (18 April 2025) https://www.arabnews.com/node/2597580
Business Wire – Saudi Arabia Construction Industry Report 2025 – Market to Grow at a CAGR of 8.7% During 2024-2030, Driven by Mega-Projects, Vision 2030 and Economic Diversification (5 October 2025) https://www.businesswire.com/news/ home/20250905997072/en/Saudi-ArabiaConstruction-Industry-Report-2025-Marketto-Grow-at-a-CAGR-of-8.7-During-2024-2030Driven-by-Mega-Projects-Vision-2030-andEconomic-Diversification---ResearchAndMarkets. com
Asharq Al-Awsat (English) – Saudi Arabia Expects to Gain $4 Billion Annually with Red Sea Tourism Project (14 August 2017)
World Tourism Forum Institute – The Public Investment Fund’s Strategic Tourism Investments: Driving Saudi Arabia’s Vision 2030 Transformation https://live.worldtourismforum.net/news/thepublic-investment-fund-s-strategic-tourisminvestments-driving-saudi-arabia-s-vision-2030transformation
Arab News – International visitor spending in Saudi Arabia hits $13bn in Q1 (2 July 2025) https://www.arabnews.com/node/2606648/ business-economy
Vision 2030: Transforming Saudi Arabia’s Economy Beyond Oil
Saudi Arabia’s Vision 2030 is an ambitious strategic framework launched in 2016 to overhaul the Kingdom’s oil-dependent economy and build a diversified, sustainable future. Spearheaded by Crown Prince Mohammed bin Salman (MBS), this plan aims to reduce reliance on oil, develop new sectors, and enact social reforms to create a “vibrant society” and a “thriving economy” by the year 2030.
Nearly a decade on, Vision 2030 is driving significant economic transformation –from investments in new industries and mega-projects to regulatory changes and workforce reforms – positioning Saudi Arabia as an emerging diversified economy. This article provides an overview of Vision 2030’s key initiatives, progress at its midpoint, and the challenges and opportunities that lie ahead.
From Oil Dependence to a Diversified Economy
For decades, Saudi Arabia’s prosperity has been built on oil. The Kingdom is the world’s largest oil exporter, with the petroleum sector accounting for about 43% of Saudi GDP and 75% of government revenues. This heavy dependence left the economy vulnerable to volatile oil prices and a future global shift away from fossil fuels. The International Energy Agency has predicted that world oil demand could peak around 2030, after which global consumption may enter terminal decline. Such an inflection point represents a serious risk – at current levels of oil dependency, a marked drop in oil demand would cause Saudi GDP to plummet.
Vision 2030 was conceived as the masterplan to prevent that outcome. Launched in April 2016, the strategy lays out a comprehensive blueprint to diversify the economy beyond oil and secure long-term prosperity. It set bold national targets for 2030, such as increasing the private sector’s contribution to GDP to 65%, boosting non-oil exports, and reducing unemployment to 7%. The vision also calls for raising the Kingdom into the top ranks of global indices – for example, entering the top 15 economies worldwide and the top 10 on global competitiveness. Achieving these goals requires nothing short of a broad-based economic revolution.
Investing in New Sectors and MegaProjects
A core element of Vision 2030 is diversification into new sectors. Saudi Arabia is aggressively investing oil revenues into tourism, entertainment, mining, renewable energy, manufacturing, and logistics. The government is seeking large inflows of foreign direct investment (FDI) and expertise, supported by privatisations, special economic zones,
and a series of “giga-projects” designed to attract international attention.
One flagship example is NEOM, a futuristic $500+ billion mega-city on the Red Sea coast. Envisioned as a hightech hub and tourist destination, NEOM epitomises Saudi Arabia’s drive to create entire new industries from scratch. Within NEOM, projects like “The Line” – a linear smart city – and Trojena – an outdoor ski resort – have made global headlines for their boldness. However, these projects face practical challenges: The Line, initially planned to house 9 million people in a 170km mirrored city, has reportedly been scaled down dramatically as costs and feasibility are reassessed.
Alongside NEOM, the Red Sea Project is developing luxury tourism resorts, supported by a new carbon-neutral airport. Qiddiya, near Riyadh, is emerging as an entertainment city featuring a Six Flags theme park and sports facilities. Meanwhile, in Diriyah, heritage sites are being restored alongside luxury hospitality, blending cultural tourism with modern amenities.
Many of these initiatives are funded by the Public Investment Fund (PIF),
Saudi Arabia’s sovereign wealth fund, which has grown from $150 billion in 2016 to over $940 billion by 2024. The PIF is investing 70–80% of its portfolio domestically, seeding new industries ranging from renewable energy and biotech to electric vehicles. Ceer, Saudi Arabia’s first EV brand, launched in 2022 as a joint venture with Foxconn, will manufacture cars locally using licensed BMW technology – an example of Vision 2030’s push to localise high-tech industries.
Regulatory Reform and a ProBusiness Climate
Complementing these investments, Saudi Arabia has introduced sweeping business reforms. New laws and regulations have improved competitiveness and attracted entrepreneurs. Between 2021 and 2022, investment deals rose by 95% and new business licences surged by 267%.
Non-oil revenues have grown sharply as the government introduced VAT and other taxes, which now account for more than 40% of total revenue. This diversification of state income makes Saudi Arabia more resilient to oil price shocks.
The government is also actively courting global investors through initiatives like the Regional Headquarters Program and an e-visa system covering 66 countries, positioning Saudi Arabia as a hub for both business and leisure tourism.
Social Change and Workforce Empowerment
Vision 2030 recognises that social reform is central to economic change. Women’s participation in the workforce has risen from 17% in 2016 to over 36% by 2024, surpassing the original 2030 target years ahead of schedule. Women now occupy 43% of mid- and senior-level management roles.
Unemployment overall has fallen from 12.8% in 2016 to around 7% by 2024, meeting the Vision 2030 goal early. Over 2.2 million Saudis have joined the private workforce since 2020, supported by training programmes, employment quotas, and new industries.
Reforms to the labour market have also modernised expatriate employment rules, giving workers greater mobility and aligning with international standards.
Technology and Innovation Drive
Technology and sustainability are at the heart of the economic transition. Saudi Arabia aims to generate 50% of its electricity from renewables by 2030. Projects include the Sakaka solar farm, Al Jouf wind farms, and a green hydrogen plant in NEOM.
The push into EVs is also gathering pace. Alongside Ceer, global manufacturers such as Lucid Motors are building plants in Saudi Arabia. Riyadh has set a target for 30% of its vehicles to be electric by 2030. Investment is also flowing into artificial intelligence, biotech, aerospace, and digital infrastructure, including 5G and smart city technologies.
Tourism and Entertainment Boom
Tourism has been one of Vision 2030’s biggest success stories. Saudi Arabia recorded 117 million visits in 2024, up from 65 million in 2016, surpassing the original 2030 target of 100 million annual tourists seven years early. The government now aims for 150 million visitors annually by 2030.
This includes both religious and leisure tourism. Pilgrimages to Makkah and Madinah have expanded, while attractions like Al-Ula, Riyadh Season, and international sports events are bringing in millions more. Tourism is set to contribute 10% of GDP by 2030, up from 3% in 2016.
Midpoint Progress: Achievements and Milestones
By 2024, 85% of Vision 2030’s 1,500+ initiatives were either complete or on track. Key milestones include:
• Non-oil GDP growth averaging 5% annually in 2022–2023.
• Non-oil revenues doubling to $137 billion by 2022.
• The private sector’s GDP share rising to 47%.
• The PIF’s assets increasing almost four-fold to $940 billion.
• Female labour participation and home ownership exceeding 2030 targets years early.
These results highlight that the economy is gradually “breathing beyond oil”.
Challenges Ahead and Outlook to 2030
Despite progress, challenges remain. Oil still underpins state finances, and global FDI inflows have been uneven, dipping to $20.7 billion in 2022 before recovering. Mega-projects risk cost overruns, and the skills gap may slow high-tech growth.
Nevertheless, Vision 2030 has already reshaped Saudi Arabia’s economy, society, and global image. If momentum continues, the Kingdom will emerge as a diversified economic powerhouse, reducing its reliance on oil and positioning itself as a key player in global business.
References
Centuro Global – Saudi Vision 2030: Saudi Arabia’s Transformation Program Explained (2025 Update) https://www.centuroglobal.com/blogs/saudi-vision2030-update-2025
Carnegie Endowment – Vision 2030 in the Home Stretch: Clear Achievements yet Limited Accountability https://carnegieendowment.org/politika/2025/06/ saudi-vision-2030-home-stretch
International Monetary Fund – Saudi Arabia’s Economy Grows as it Diversifies https://www.imf.org/en/Blogs/Articles/2023/09/21/ saudi-arabias-economy-grows-as-it-diversifies Arab News – Saudi Arabia’s International Tourism Revenue Soars by 148%, Leading G20 Nations https://www.arabnews.com/node/2522311/ business-economy
SDG Knowledge Hub – Driven by Vision 2030, Saudi Arabia is Advancing on SDGs, Delivering Change https://sdg.iisd.org/commentary/policy-briefs/ driven-by-vision-2030-saudi-arabia-is-advancingon-sdgs-delivering-change/
Executive Centre SA – Inside CEER: Saudi Arabia’s First EV Brand Driving the Future of Mobility https://executivecentre.sa/inside-ceer-saudiarabias-first-ev-brand-driving-the-future-ofmobility/
Centuro Global – Vision 2030 Progress Metrics (2024) https://www.centuroglobal.com/blogs/vision-2030progress-metrics-2024
Powering Vision 2030: Saudi Arabia’s Energy Transformation
The Kingdom of Saudi Arabia and the United Kingdom are seeking to diversify their bilateral relationship with an ambitious programme of cooperation to enhance mutual prosperity, strengthen shared security and address global challenges such as the climate emergency.
Saudi Arabia is undergoing an economic transformation at an unprecedented scale. Under the Vision 2030 strategy, the Kingdom is striving to diversify its economy away from oil dependence while modernising infrastructure and industries. Key sectors – energy, construction, transport, and logistics – are at the forefront of this drive. This article focuses on the energy sector’s rapid evolution and how its progress is energising parallel booms in construction and logistics. The tone on the ground is optimistic: ambitious renewable projects are rising from the desert, cranes are dotting city skylines, and new transport corridors are opening up, all signalling a nation in the midst of reinvention.
Transforming the Energy Sector
For decades, Saudi Arabia’s prosperity has been built on oil. Today, the energy sector is diversifying fast. The government has set a bold target to generate 50% of its electricity from renewable sources by 2030, with the other half coming from natural gas[1]. This is a dramatic shift for a country that until recently relied almost entirely on oil for power. To achieve this goal, Saudi Arabia plans to develop 130 gigawatts (GW) of renewable energy capacity by 2030 – including about 58 GW of solar and 40 GW of wind power[1]. It’s the most ambitious clean energy commitment in the Gulf region, reflecting the Kingdom’s determination to lead on renewables.
Renewable energy projects are moving from blueprints to reality. Over 6.2 GW
of solar and wind capacity are already connected to the grid, with tens of gigawatts more under development[2]. In 2021, Saudi Arabia switched on its first utility-scale wind farm at Dumat Al-Jandal, a 400 MW installation with 99 turbines now generating enough electricity to power 70,000 homes[3]. On the solar front, projects like the 300 MW Sakaka photovoltaic plant and the 1,500 MW Sudair solar farm are paving the way for a solar boom. These projects not only supply green power but also create local jobs and new expertise in renewable technologies. Saudi officials have made it clear that this surge in clean energy isn’t just for domestic use – the Kingdom ultimately intends to export renewable power as well, leveraging its vast deserts for utility-scale solar and wind farms to send clean electricity abroad[1].
Beyond sun and wind, the Kingdom is betting big on hydrogen. Saudi Arabia’s National Hydrogen Strategy envisions producing around 4 million tonnes of clean hydrogen per year in the coming decades, positioning the country as a top global supplier of this new energy fuel[4]. One flagship undertaking is a $5 billion green hydrogen plant under development in the northwest, which will use solar and wind energy to produce hydrogen with zero carbon emissions[4]. Once operational by 2026, this facility – one of the world’s largest of its kind – is expected to churn out 250,000 tons of green hydrogen annually, mainly for export as ammonia fuel. The Kingdom’s aim
is not modest: it wants to become the world’s leading producer and exporter of clean hydrogen[2]. Such ambitions tie into Saudi Arabia’s broader Circular Carbon Economy approach, which also includes investing in carbon capture and improving energy efficiency to reduce emissions on all fronts[2].
Notably, Saudi Arabia has pledged to reach net-zero greenhouse gas emissions by 2060, a target announced as part of the Saudi Green Initiative in 2021. While that timeline trails countries like the UK (which aims for net-zero by 2050), it signals a commitment to long-term climate action. In the interim, Saudi Arabia is taking a “wholeof-society” approach to emissions reduction – from expanding renewables to launching energy efficiency programs and even planting billions of trees – to meet an interim goal of cutting 278 million tonnes of emissions annually by 2030[2]. This balancing act is not without challenges. The country still heavily subsidises fossil fuels (around $30 billion worth of subsidies as of 2019, one of the highest in the world), which can blunt the competitive edge of renewables[4]. Additionally, the government is expanding oil production capacity to 13 million barrels per day by 2027 to maintain its status as a reliable supplier and generate revenue for these initiatives[4]. In other words, Saudi Arabia is trying to walk a tightrope: investing in the future of clean energy while managing the realities of being an oil superpower today.
Crucially, the energy sector’s transformation is inviting international cooperation and investment. The United Kingdom has emerged as a key partner in Saudi Arabia’s clean energy journey. Under the Saudi-UK Strategic Partnership, the two countries have been sharing expertise and launching joint projects in areas like renewable energy, smart grids, and hydrogen technology[5]. British and Saudi officials are working together on “pioneering projects in clean energy and hydrogen,” as noted in a recent bilateral summit, and have committed to collaborate on advancing carbon capture and new green technologies[5]. These partnerships bring world-class innovation into Saudi projects and underscore the global significance of the Kingdom’s energy transition. As a UK Business Secretary observed a few years ago, the worldwide shift to clean growth is a foreseeable economic revolution that will transform not just power generation but also transport, construction, and industry – a trend clearly playing out in Saudi Arabia now[6].
Sustainable Construction Boom
The ripple effects of the energy transition are most visible in Saudi Arabia’s construction sector. The nation is in the midst of a construction boom unlike any in its history. Fueled by Vision 2030 investments and high oil revenues in recent years, Saudi Arabia has over $1 trillion worth of real estate and infrastructure projects underway or in the pipeline[7]. In fact, the Kingdom currently leads the Middle East in construction activity, accounting for roughly 39% of all projects in the region by value[7]. This includes entirely new futuristic cities, massive resort developments, and upgrades to urban infrastructure.
Much of this building frenzy is directly or indirectly tied to the energy sector’s growth and the broader push for a diversified, sustainable economy. For example, new renewable power plants and grid networks require extensive construction work, from installing solar panels across thousands of hectares to erecting wind turbines taller than skyscrapers. Companies are breaking ground on factories to manufacture solar panels, wind tower components, batteries, and hydrogen electrolysers domestically, in line with Saudi Arabia’s localisation drive. In addition, megaprojects like NEOM and the Red Sea Development integrate clean energy and eco-friendly design from day one, marrying construction with sustainability. The Red Sea Project – a high-end tourism destination being built on the west coast – aims to operate entirely on renewable energy 24/7, thanks to a dedicated 1000 MWh battery storage facility that will make it the world’s largest off-grid powered development[8]. This huge battery, paired with solar and wind generation on site, will enable 100% clean power for dozens of hotels, an international airport, and other facilities, eliminating the need for any fossil-fuel electricity. Such a feat not only sets a new benchmark for green construction in tourism but also provides a live case study in integrating energy innovation with infrastructure. The effort is paying off environmentally – once fully running, the Red Sea Project’s renewable grid will prevent an estimated half a million tonnes of CO₂ emissions each year that a conventional approach would have produced[8].
More broadly, sustainable building practices are taking root. Saudi Arabia’s construction boom is seeing greater
emphasis on green building standards, energy-efficient materials, and smartcity concepts. From the design phase, many projects are incorporating solar panels on rooftops, using smart glass and insulation to reduce cooling loads, and deploying IoT systems to manage energy use in real time. The government has also strengthened regulations to ensure new buildings and developments align with its climate goals. Here, Saudi planners often look to international benchmarks, including UK regulations on energy efficiency and urban planning, to guide local standards. It’s not uncommon for British engineering consultancies and architects – renowned for their sustainable design expertise – to be involved in these giga-projects (though they operate behind the scenes, with Saudi entities fronting the developments). The result is an exchange of best practices: for instance, lessons from the UK’s push for zero-carbon buildings and smart cities are being considered in Saudi’s new metropolises.
The construction surge is not without its hurdles. Industry reports note that a shortage of skilled labour and rising materials costs are challenges that need addressing to keep projects on track[7]. However, the overall outlook remains very positive. The sheer scale of ongoing developments is creating momentum that attracts more investment and talent. In 2023, Saudi Arabia awarded nearly $97 billion in new construction contracts – up 60% from the year before – indicating resilience despite global economic uncertainties[7]. This construction boom is both a product of economic diversification and an enabler of it, laying down the physical foundations for a post-oil future. >>>
Economic Transformation
Modernising Transport and Logistics
In lockstep with energy and construction, Saudi Arabia’s transport and logistics sector is racing ahead to meet the demands of a growing, diversifying economy. The government is investing heavily to turn the country into a global logistics hub connecting Asia, Europe, and Africa. In 2021, authorities announced a whopping $147 billion investment plan for transport and logistics by 2030[9]. These funds are being poured into expanding ports, building new railways and highways, and upgrading airports and logistics zones across the nation. A National Transport and Logistics Strategy has been launched to guide this overhaul, aiming to integrate the entire ecosystem – from seaports and shipping lines to roads, rail, and air networks – into one efficient, high-tech platform[9].
One transformative project on the horizon is the Saudi Landbridge railway, which will lay over 1,300 km of new rail to connect the Red Sea port of Jeddah with the Arabian Gulf coast. Once complete, this east–west rail link will dramatically cut freight transit times across the country and boost trade. Similarly, urban mobility is getting a tech-forward upgrade: major cities like Riyadh and Jeddah are building modern metro systems and bus networks to reduce congestion and pollution. Riyadh’s new metro, for example, is nearing completion and will run on electricity – much of which is slated to come from new gas and renewable power plants in the region.
Crucially, the transport revolution is tied to the energy transition. Saudi Arabia sees sustainable mobility as a key piece of its Vision 2030 puzzle. The Kingdom has set a target for 30% of all vehicles in its capital, Riyadh, to be electric by 2030[10]. To that end, it has attracted
electric vehicle manufacturers (including launching its own homegrown EV brand) and is investing in charging infrastructure along major highways. As of 2024, there were only around 100 public EV charging stations in the country – an infrastructure gap the government is racing to fill with new high-speed chargers on key routes[10]. Plans are underway to electrify public bus fleets and even explore hydrogen fuel for heavy transport, aligning with the broader clean hydrogen push. Notably, one of the focus areas of the Saudi-UK collaboration is the “future of mobility” –with the two nations signing memoranda of understanding on developing electric and autonomous transport solutions and sharing regulatory know-how on things like EV standards and charging networks[5]. British expertise in areas like railway operations and traffic management systems is being tapped to ensure Saudi Arabia’s new transport infrastructure meets world-class standards.
Logistics and supply chain improvements are also a high priority. Saudi Arabia’s central location and vast land area give it the potential to be a freight powerhouse. The government is streamlining customs and investing in digital logistics platforms to improve efficiency at its ports and land crossings. It aims to climb into the top 10 of the World Bank’s Logistics Performance Index, from 55th just a few years ago, by creating faster, more cost-effective routes through the Kingdom[9]. The private sector is being encouraged to play a bigger role here – indeed, foreign logistics firms and investors are being courted through new free zones and public-private partnership opportunities. By building state-of-the-art warehouses, cold storage facilities, and distribution centers, Saudi Arabia is preparing to
handle a surge in goods movement, whether it’s exporting green hydrogen and petrochemicals or importing components for its new industries.
The upshot of all this activity in transport and logistics is a more connected, accessible Saudi Arabia. For businesses, that means easier movement of products and people; for citizens, it means better options for travel and commuting. We are already seeing an uptick in trade volumes through Saudi ports and a steady growth in domestic tourism and commerce as connectivity improves. And as with energy and construction, this sector is embracing modern technology – from AI traffic management to drone deliveries – to leapfrog into the future. It’s a holistic strategy: cleaner energy powering smarter transport, which in turn supports the broader economy and makes the Kingdom an attractive destination for investors and visitors alike.
Outlook: An Integrated Path to Sustainable Growth
Saudi Arabia’s focus on energy, construction, transport, and logistics underscores a comprehensive approach to development. Progress in one area reinforces progress in the others. The expansion of renewable energy supplies reliable power for new industries and high-tech infrastructure. The construction of sustainable cities and tourist resorts creates demand for advanced energy and transport solutions. Improved transport and logistics, in turn, facilitate the execution of large construction projects and the export of energy resources. The interdependencies are clear – and Saudi policymakers are actively managing them to ensure the overall Vision 2030 roadmap stays on track.
Looking ahead, maintaining this momentum will require continued policy support, investment, and international collaboration. Regulatory reforms are ongoing to foster a business-friendly environment, whether through updated energy procurement laws or streamlined processes for infrastructure development. Here the influence of global best practices, including British regulatory experience, has been valuable. The UK’s decadeslong journey in privatising and regulating its energy and transport sectors offers lessons that Saudi Arabia has studied as it modernises its own regulatory frameworks. For example, the concept of competitive bidding for renewable energy projects –successfully used in Britain’s offshore wind sector – has been adopted in Saudi renewable auctions that have driven down solar and wind costs. Moreover, the UK’s commitment to climate action (enshrined in law) provides a point of reference as Saudi Arabia develops its environmental regulations and reporting standards.
International partnerships will remain a cornerstone of success. Saudi Arabia’s collaboration with the UK is opening doors to knowledge transfer in green technology, from carbon capture techniques to electric mobility. Likewise, partnerships with other nations (such as recent deals with China for solar manufacturing) bring investment and technical know-how. The ArabBritish economic ties are particularly poised to deepen: British companies are increasingly establishing regional headquarters in Saudi Arabia to be part of these opportunities, and Saudi investors are looking to the UK for technology and financing in return. Both sides recognise the mutual
benefits – the UK gains a major trade partner driving demand for sustainable solutions, while Saudi Arabia accelerates its Vision 2030 projects with British innovation and experience on board.
As Saudi Arabia powers into the latter half of this decade, the trajectory of change is impressive. Challenges will certainly arise – be it managing economic fluctuations, training a skilled workforce fast enough, or ensuring that growth is inclusive and environmentally sound. Yet the Kingdom has shown an ability to adapt and persevere. Oil revenues, once solely the lifeblood of the economy, are now being channelled into building a diversified, knowledgebased nation. The energy sector’s reinvention is the keystone: it not only ensures Saudi Arabia can meet its own future power needs sustainably, but it also frees up oil for valueadded uses and export earnings that bankroll wider development. In turn, the construction of new cities and transport networks provides tangible evidence to citizens and investors that the country is transforming vision into reality.
In sum, Saudi Arabia’s energy, construction, transport, and logistics sectors are all pieces of a larger puzzle – one that, when completed, will reveal a dynamic, resilient economy prepared for the post-oil era. The lights are quite literally turning green across the Kingdom, and the world is taking note. For business leaders watching from the UK and beyond, the message is that Saudi Arabia is not only open for business but is retooling its entire ecosystem for sustainable growth. The coming years will be critical in
maintaining editorial authority over this narrative, but if the current pace is any indication, the Kingdom is well on its way to achieving the ambitions laid out in Vision 2030.
References
[1] Columbia SIPA — “Saudi Arabia’s Renewable Energy Initiatives and Their Geopolitical Implications” https://www.energypolicy.columbia.edu/saudiarabias-renewable-energy-initiatives-and-theirgeopolitical-implications/
[2] Red Sea Global — “World’s largest battery storage facility will power The Red Sea Project with clean energy 24/7”
[3] Reuters — “Saudi Arabia to invest over $133 bln in transport sector, minister says” https://www.reuters.com/world/middle-east/ saudi-arabia-invest-over-133-bln-transport-sectorminister-says-2021-07-05/
[4] Energy Evolution Conference / blog — “Saudi Arabia’s 8.3 billion dollars Green Energy Leap” https://energyevolutionconference.com/saudi-83-billion-dollars-green-energy/
[5] Reuters — “Saudi Arabia set on securing lithium for EV ambitions”
[6] Wikipedia — “Sudair Solar PV Project” https://en.wikipedia.org/wiki/Sudair_Solar_PV_ Project
[7] Wikipedia — “The Red Sea Project” https://en.wikipedia.org/wiki/The_Red_Sea_ Project
[8] Wikipedia — “Energy in Saudi Arabia” https://en.wikipedia.org/wiki/Energy_in_Saudi_ Arabia
[9] Wikipedia — “King Abdullah City for Atomic and Renewable Energy” http://www.kacare.gov.sa/
[10] Reuters — “LME approves Saudi port as warehouse delivery point” https://www.reuters.com/markets/commodities/ lme-approves-saudi-port-warehouse-deliverypoint-2024-07-29/
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