The Business Year: Saudi Arabia 2021

Book excerpt: This publication is the result of months of on-the-ground research at a time of unprecedented upheaval. Not only was Saudi Arabia already in the midst of an economic revolution aimed at diversifying away from oil and gas, but COVID-19 also upended the very way business is conducted, putting to the test many of the digitalization initiatives carried out in recent years. The pandemic thus served as a validation of many of Saudi Arabia's internal reforms. It also created massive opportunities for some of the nation's up-and-coming businesses. In this 246-page publication, we show how technology completely changed the Kingdom during the pandemic. Things will never be the same. It covers finance, payments and fintech, IT and digitalization, industry, water and energy, aviation and defense, transport and logistics, construction and real estate, agriculture, health, education, and tourism.