While I generally try to avoid making ill-fated predictions and resolutions at this time of year, there are times when a passing comment or suggestion seems to put a new complexion on, and even set the tone for, the 12 months that lie ahead.
There are hundreds of free zones in the Middle East and Africa. While many set and maintain high standards of governance, various regional factors can undermine initiatives to improve compliance. Diligencia’s Jonathan Siklos examines some of the challenges associated with free zones and the steps businesses can take to minimise risk when exposed to them.
After years of muted progress, the Gulf states are now ramping up their efforts to address climate change with major new targets and initiatives recently announced. In our latest blog, we examine these new targets and initiatives and the organisations paving the way in promoting clean energy.
In the run-up to COP26, and with the issue of climate change rarely out of the headlines, Diligencia has been reviewing major initiatives across the Middle East & Africa to drive clean energy production. Over the next few weeks, we will publish our findings in a series of blogs and white papers and examine the organisations that are leading the way.
Despite a stated wish to see more participation from international companies and a tendency to favour the younger generation, Crown Prince MbS has entrusted the majority of giga-project contracts to Saudi companies that are decades old, mainly in private hands and often held by generations of the same family.
The Covid-19 pandemic has put huge pressure on government finances in Saudi Arabia, but the Kingdom has nonetheless pressed on with Crown Prince Mohammed Bin Salman’s favoured giga-projects.
Research by Gulf States Newsletter, supported by data provided by Diligencia, shows the bulk of contracts have gone to some of the Kingdom’s most long-established companies.