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Most Disruptive Industries in Saudi Arabia 2022

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The Kingdom of Saudi Arabia has exhibited significant economic growth through the year 2022. Most if not all the sectors have recorded positive growth and development especially after hitting a snag during the Covid-19 pandemic. The pandemic adversely affected nearly all sectors of the economy; not only in Saudi Arabia but across the globe. Most industries are still struggling to recover and swing back into profitable operations a year after the pandemic was contained. However, all industries have not recovered at the same pace; some industries have taken longer while others took just a few months to bounce back to profitable operations. In Saudi Arabia specifically, there are various factors that have shaped the recovery journey for companies in different industries. These include changes in customer behavior, government policy and the impact of technology. Notably, entertainment has been one of the most disruptive industries in Saudi Arabia. In the recent past, the social limitations...
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Profitable Market Segments in Saudi Araba 2022

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 Saudi market has experienced substantial market in nearly all economic spheres in the last decade. For a country that has majorly relied on the energy sector, there is a notable and vibrant rise of other sectors such as agriculture, Information technology and many other manufacturing industries. The government has been at the fore front in creation of a conducive environment for private investors and general private sector to run profitable operations. The corporate tax rate, Value Added Tax (VAT) and import duty have been maintained at levels that enhance business profitability in the country. The operational regulations have also been eased to further create a supportive business environment. The last decade has experienced radical and abrupt changes largely contributed by technology. Technology has impacted nearly every aspect of business operations from online shopping, advertising, payments and even research and development. Saudi Arabia recorded over 500,000 new business est...
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A Rise in Global Online Tobacco Shops

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 As technology advancements continuously transform business globally, the rise of online shops has emerged as one of the most disruptive trend among businesses. As smart phones, Internet of Things (IoT) and internet accessibility continually grow especially in the developing nations, many customers are shifting from conventional store visits to online purchases. Suffice to say that over 60% of the residents in urban areas undertake most of their market research and shopping online. While some industries took some time to join the band wagon, customer behavior over time has forced them to adopt the use of online shops where customers can easily check the products in stock as well as the associated information regarding the products. Tobacco shops, popularly known as smoke shops were initially hesitant to set up online shops. However, in the recent years there has been a rise in the number of online tobacco shops globally. Online tobacco shops have transformed the smoking experience...
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Tobacco Use in Saudi Arabia

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 Saudi Arabia, with a population of more than 34 million, has been taking a number of steps to curb the consumption of tobacco in the country. These include increasing sales taxes and fines, conducting anti-smoking campaigns, establishing smoking cessation clinics and introducing dedicated mobile applications. Saudi Arabia has an ambitious strategic tobacco control plan to reduce smoking rates to 5% by 2030. While Tobacco usage is often associated with several health risks, the financial impact that the sector has on Saudi economy cannot be overlooked. In this regard, there have been campaigns and policies to advocate for safe use of tobacco. Most of these campaigns have been undertaken by various lobby organizations in conjunction with Tobacco traders in Saudi Arabia. The aim is to make sure that tobacco users are in a safe space. Prime Puff Paper is one of the leading Tobacco Shops in Saudi Arabia that has made significant contribution towards safe tobacco usage. The store stoc...
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