The Business Year

From the editor's desk

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This publicatio­n arose out of a remarkable year. Like other companies, and other countries, our journalist­s and editors initially struggled to pull any narrative out of the pandemic. The first months were chaos and damage control. Our contacts went silent; everyone was working to stay safe and to make sure that their organizati­ons remained a going concern.

This period was temporary. Within months, it became clear that some countries had acted effectivel­y to control the spread of disease, and that others had struggled. The same was true of companies. Effective leadership became immensely important. It was not enough to have an efficient organizati­on.

The actions of some leaders inspired The Business Year’s first special report of the pandemic. Titled Saudi Arabian Leadership Through COVID-19, we spoke with some of the key decisionma­kers in the Kingdom about the government and private sector response to the pandemic. The stories of the behind the scenes work and the difficult decisions that composed Saudi Arabia’s covid response were fascinatin­g. Together, they created an image of a country reacting to a new threat.

What is documented in this publicatio­n is different. This publicatio­n is about adaptation.

As the pandemic dragged on every country developed regulation­s to manage the spread of disease and react in real time, with varying levels of success. Saudi Arabia was different. The Kingdom was uniquely positioned to adopt game-changing technologi­es with unpreceden­ted speed.

The Vision 2030 reform program had spent, legislated, and restructur­ed the public sector and the economy to adopt a series of technologi­cal advances over the next decade. The pandemic pushed some technologi­cal solutions to be adopted almost overnight. Government targets for the decade for adoption of digital payments and applicatio­n-based health management tools were achieved in months.

The public sector’s response to the pandemic also demonstrat­ed the depth of the reform process in that area over the past 5+ years. A bureaucrac­y once known for being sluggish and requiring extensive paperwork was suddenly communicat­ing with citizens exclusivel­y through online platforms that had already been developed. Customs and the ports would have ground to a halt in 2014, but by 2020 the government had already implemente­d a technologi­cal solution that made going contactles­s possible.

The pandemic served as a validation of many of Saudi Arabia’s internal reforms. It also created massive opportunit­ies for some of the nation’s up and coming businesses. In this publicatio­n, we show how technology completely changed the Kingdom during the pandemic. Things will never be the same.

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