The Report: Saudi Arabia 2024 - Oxford Business Group
Saudi Arabia’s economy is diversifying under Vision 2030, with strong growth in the digital economy and government-led giga-projects. While oil activity slowed in 2023, tourism income surged 38%, driving a record service trade surplus. The Kingdom is forecast to grow 4.6% in 2025, offering a dynamic business environment for …
Indonesia's development plans target high-income status
Indonesia has the world’s fourth-largest population and 16th-largest economy. During his 10 years as head of this G20 country, President Joko Widodo, better known as President Jokowi, has overseen significant socio-economic developments, implementing broad-based infrastructure upgrades and regulatory overhauls, strengthening the workforce, generating higher inflows of private and foreign ...
Education reform in the Philippines aims for better quality and …
The Philippine education system has evolved over hundreds of years of colonial occupation, first by Spain and then by the US, through martial law and the people’s power revolution that brought democracy to the sprawling archipelago. The education sector’s development has mirrored the changes in the country’s administration. Today the focus is on expanding
The Report: Ghana 2024 - Oxford Business Group
With robust economic fundamentals and significant export potential, Ghana is set to play a greater role in the economy of West Africa, as well as on the continent. The country expects to benefit from its young population, stable political environment and membership in the Africa Continental Free Trade Area, providing a point of entry for foreign and domestic investors to the country’s ...
Energy & Utilities, from The Report: Saudi Arabia 2024 - Oxford ...
Saudi Arabia’s energy strategy focuses on maximising returns from hydrocarbons while expanding renewable energy capacity. Acknowledging peak oil demand could occur before 2030, the Kingdom is investing in clean energy solutions. With plans to produce 50% of its energy from renewables by 2030, Saudi Arabia is diversifying its energy …
Rising tourism numbers support Saudi Arabia's diversification
Within just a few years, Saudi Arabia’s tourism industry has undergone a transformation of significant proportions. The country remained largely closed to foreign visitors until the Kingdom began to issue tourist visas in 2019, primarily serving as a destination for religious pilgrimages and business-related travel. However, the country has not merely opened its doors –
Banking, from The Report: Indonesia 2024 - Oxford Business Group
Indonesia’s banking sector is large, complex and profitable, driven by a population of nearly 280m people, the fourth largest in the world. However, a significant portion of the population remains unbanked or underbanked, creating socio-economic challenges. The lack of digital infrastructure, particularly in rural and remote areas, exacerbated these issues during the Covid-19 pandemic.
Economy, from The Report: Ghana 2024 - Oxford Business Group
Although impacted by the Covid-19 pandemic and other external shocks, the local currency has managed to regain much of its value against the US dollar since its low in November 2022, while GDP growth is projected to maintain an upward trajectory into 2024 and 2025. Ghana is the continent’s leading exporter of gold and its
Economy, from The Report: Qatar 2024 - Oxford Business Group
Propelled by a major infrastructure development drive in preparation for the 2022 FIFA World Cup, and a broad loosening of investment and business regulations, Qatar’s economy has undergone a significant expansion in recent years. The country’s immense natural gas reserves are being further tapped and its production capacity expanded, while related revenue is …
Economy, from The Report: Kuwait 2024 - Oxford Business Group
Kuwait entered 2024 in a generally robust economic position thanks to improved fiscal and external balances. Following a formal change in executive leadership in late 2023, policymakers have the opportunity to build on recent gains to foster long-term, sustainable growth – provided they can navigate the prevailing challenges in the domestic and global markets.