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Saudi Arabia: Country Trends and Implications for Environmental Industry
Frost & Sullivan, February 2010, Pages: 31
Saudi Arabia's stable political environment coupled with a stringent legal environment have given the necessary impetus to the environmental sector. With a growing economy and proactive trade sector that includes environmental technology, the environmental sector in Saudi Arabia is poised for growth. This study analyses the environmental industry in the wake of the political, economic, social, legal and technological factors. With strong Government backing in the form of initiatives, the environmental sector is likely to grow thus tackling issues such as waste water management, oil spills and so on. The study also highlights business opportunities for key growth sectors in Saudi Arabia. The forecast period is until 2012.
The environmental industry has taken centre stage in recent times and has been accorded top priority by governments in both developed and developing countries. Environment protection is the latest buzzword as nations’ Green consciousness has set off a spate of environment development activities, especially in advanced regions such as the European Union and more recently, the Middle East. Such efforts assume greater importance in the face of environment degradation brought about by accelerated economic development. With international agreements such as the Kyoto Protocol coming into force, even Middle Eastern countries such as Saudi Arabia have jumped onto the Green bandwagon. General economic policies greatly affect the environmental industry, and industry-specific policies, wherever effectively enforced, provide added thrust. The economy of the country plays a huge role in strengthening and boosting the industry with its effective trade ties and inflows of foreign direct investment (FDI). These factors are vital for the growth of the environmental industry. Social and infrastructural developments also provide support for the industry.
The environmental industry in Saudi Arabia is in its developing stages, but is expected to grow rapidly due to strong political impetus. Political stability during the next five years is likely to attract considerable investments in infrastructure and other development projects, which, in turn, could generate opportunities for the environmental industry. A liberal foreign investment policy will also strengthen the environmental industry. Meanwhile, Saudi Arabia’s economy has weathered the economic downturn well, thanks to its significant oil reserves. Budgetary allocations indicate a diversification into the non-oil sector, which is likely to strengthen the demand for pollution abatement equipment in industries such as construction. Simultaneously, initiatives such as technology parks and national science and technology policies will boost the technology sector in Saudi Arabia. Saudi Arabia is forecast to emerge as an R&D hub for environmental technologies. As the region is heavily dependent on desalination, the water segment of the environmental industry is especially primed for growth. Conducive demographic factors such as an expanding population base will also increase the demand for air pollution monitoring stations and services such as recycling. Improvements in environment-friendly and treatment technologies will contribute to the development of an advanced environmental industry.
Frost & Sullivan’s environmental country industry forecasts service provides vital inputs for evaluating the attractiveness of a country and its environmental industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Expert Frost & Sullivan analysts thoroughly examine the following benefits in this research:
Identify New Market Opportunities
The trends of the economic environment of Saudi Arabia have been analysed along with their impact on the environmental industry. This analysis will provide valuable information to industry participants on market opportunities in specific segments of the industry in Saudi Arabia.
Comprehend Future Industry Trends
The research service gives an insight into Saudi Arabia’s environmental industry, discusses its dependence on the prevailing economic scenario and describes the various infrastructure developments in the industry. This will enable industry participants to gauge the future direction of the industry and to devise appropriate strategies to improve market shares.
Understand Economic Environment
A detailed analysis of the economic framework of Saudi Arabia’s environmental industry provides insights into its existing economic parameters and the future direction of the same. This is particularly beneficial to environmental industry, as these economic indicators form an important criterion for the industry’s performance.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the Saudi Arabian economy, which are relevant to the environmental industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service is focused on the environmental industry in Saudi Arabia with detailed coverage of economic and infrastructure indicators affecting the industry and their future direction. This research service provides both country and industry trends and forecasts for major variables, and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans.
1 | POLITICAL AND POLICY ANALYSIS
- Political System and International Relations
-- 1. Political System and Regime
-- 2. Foreign Relations
- Economic and Trade Policies
-- 1. Fiscal and Monetary Policy
-- 2. Trade and Investment Policy
2 | ECONOMIC AND INFRASTRUCTURE ANALYSIS
- Economic and Social Trends
-- 1. Economic Overview
-- 2. Economic Forecasts
-- 3. Social and Demographic Trends
- Infrastructure and Technology Trends
-- 1. Infrastructure Overview
-- 2. Technological Trends
3 | LEGAL ANALYSIS
- Legal - Laws and Regulations
-- 1. Labour Laws
-- 2. Foreign Direct Investment Regulations
-- 3. Taxation
4 | ENVIRONMENTAL INDUSTRY ANALYSIS
- Environmental Law and Key Issues
-- 1. Key Environmental Concerns and Environmental Law
- Environmental Industry Segments and Infrastructure
-- 1. Environmental Industry Segments
-- 2. Environmental Infrastructure and Emerging Opportunities
5 | IMPLICATIONS AND BUSINESS OPPORTUNITIES
- PESTLE Trends and Business Opportunities
-- 1. Key PESTLE Trends and Business Opportunities
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