https://www.traditionrolex.com/32 https://www.traditionrolex.com/32 Ipsos launches Flair Saudi Arabia 2021 - Middle East Events.
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Monday, December 23, 2024

Ipsos launches Flair Saudi Arabia 2021

A comprehensive publication about the attractiveness and uncertainties in the Kingdom

Ipsos, the leading research company in Middle East and North Africa and third worldwide, has launched Ipsos Flair the Saudi Arabia Edition. Ipsos Flair is a publication that was launched in 2005 and grew from a desire to combine the multiple expertise that Ipsos has to offer, with the aim of presenting a view of society, founded on an observation and interpretation of the behaviors, attitudes and opinions of consumer-citizens.

“Flair Saudi Arabia” integrates the analysis of trends and all insights needed in order to understand a country at a specific time. It aims at providing insights and understanding of the society with an original perspective from experts.

  • Saudi Arabia’s economy is large: GDP reached US$793 billion in 2019, accounting for 21% of the MENA zone’s total GDP, i.e. 4 times its share of the region’s population (5.73%).
  • Saudis are still very young: 40% of the population is under 25, including 49% of the Saudi nationals.
  • As a consequence of this young population, social media’s penetration is extremely high: 72% of Saudis are active social media users. Saudi Arabia is said to have the largest social media presence in the world. With 40.2 million mobile subscribers, mobile penetration stands at a record 116% of the total population.
  • Unemployment remains a worrying problem. With the Covid-19 crisis leaving its impact, unemployment ranked among the top 3 concerns in Saudi Arabia in 2020.
  • Women’s participation in the workforce is increasing: the ratio of female to male labor force participation rate (modeled ILO estimate) in Saudi Arabia was reported at 28.29 % in 2020.
  • An ambitious Vision 2030 strategy aims to diversify the economy and reduce its dependency on oil exports. The government has approached investors about expanding the role of the private sector in healthcare, education and tourism. According to the preliminary estimates, the Oil Sector’s output contracted by 4.6%, in the first quarter of 2020, while the Non-Oil Sector recorded a positive growth rate of 1.6%. Within the Non-Oil Sector, the Private Sector grew by 1.4% and the Government Sector by 1.9%.
  • To boost its transition from an oil-based economy to one based on tourism, the government introduced In September 2019 a new e-visa program, which allows visitors from 49 countries to travel to the Kingdom either by applying ahead of time or upon arrival. Ipsos data shows that Saudis are largely confident that Saudi Arabia provides the necessary level of entertainment that will appeal to tourists’ expectations (70%) and that their country’s infrastructure has the ability to handle a large number of tourists (66%).
  • The majority of Saudi’s are thus supportive of the government’s new infrastructure plans. They foresee new and affordable homes, new roads, and new railway lines, and a more comprehensive and friendly transportation network across the country.
  • Coronavirus has also been an accelerator of trends in mobility, home health, and demography. The majority say that they will either make small permanent changes in their lives (39%) or change many things about the way that they lived before lockdown (44%).
  • Obesity is a concern. While the vast majority believe they are in good health, 6 in 10 are overweight or obese.
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