BMI View: Saudi Arabia's tourism industry presents significant growth potential. The market has long been
based upon the enormous number of religious pilgrims that visit each year and extensive transport and
accommodation infrastructure has been built up to support ..."
Saudi Arabia's inbound tourism declined slightly in 2015 and this is largely attributed to the decrease in Hajj pilgrims as the country reduced the quota due to the expansion of mosque Masjid-e-Haram. Hajj pilgrims from outside Saudi Arabia ..."
"The Future of Retailing in Saudi Arabia to 2020" is based upon an extensive, cross-country, industry research program which brings together Verdict Retail's research, modeling, and analysis expertise in order to develop uniquely detailed marke ..."
BMI View: With little prospect of a significant upturn in oil prices, Saudi Arabia is entering a protracted
period of subdued growth. As a result, business confidence remains depressed and this will impact on both
sales and employment. This has prompted a further down ..."
BMI View: Saudi Arabia's tourism sector continues to expand. The market will continue to be largely
driven by the huge volumes of foreign visitors - mostly from neighbouring countries - embarking on annual
religious pilgrimages to the kingdom. However, the country is ..."
Saudi Arabia is a desert country and is known as the birthplace of Islam. It is home to the religion's two most sacred mosques, Masjid al-Haram in Mecca and Masjid an-Nabawi in Medina, the burial site of prophet Muhammad. It is the world's largest producer and exporter of petr ..."
The increase in oil prices between 2003 and 2013 brought prosperity in Saudi Arabia and it became the world's 90-largest economy. The hike in oil prices brought growth across sectors, and the GDP; household income; employment levels; and government investments in health, infra ..."
BMI View: Saudi Arabia contains strong fundamentals for sustained growth in the retail sector over the
medium-term, but the recent slump in oil prices will weigh on the economic growth and government
spending in 2016. This has prompted a downward revision to our 2016 ..."
BMI View: An extensive travel and accommodation industry has built up around the Hajj pilgrimage, as
well as other religious pilgrimages, and Saudi Arabia's hotel sector offers a broad range of budget options
with both domestic and international hotel groups well esta ..."
BMI View: Growing economic prosperity, combined with robust GDP growth and lower unemployment,
will help boost the amount of disposable income for Saudi households over our forecast period.
Nevertheless, the unstable geopolitical backdrop will continue to exert pressu ..."