To Hell With Circumstances; I Create Opportunities.

Market analysis Market analysis is a crucial process for understanding the dynamics of a particular market, identifying opportunities, and making informed decisions. Here's a step-by-step guide to conducting a comprehensive market analysis: 1. Define the Purpose and Scope 2. Gather Data 3. Identify Market Trends 4. Assess Market Size and Growth Potential 5. Analyze Competitors 6. Understand Customer Needs and Preferences 7. Evaluate Barriers to Entry 8. SWOT Analysis 9. Forecast Demand and Sales 10. Draw Conclusions and Recommendations 11. Monitor and Update

Why start a Business in Saudi Arabia?

1. Economic Growth: In 2024, Saudi Arabia's real Gross Domestic Product (GDP) grew by 1.3%, rebounding from a 0.8% contraction in 2023. This growth was primarily driven by a 4.3% increase in non-oil activities, highlighting the country's successful diversification efforts.

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2. Non-Oil Sector Expansion: The non-oil private sector experienced significant growth, with the Purchasing Managers' Index (PMI) reaching 60.5 in January 2025 the highest since September 2014. This surge was fueled by the fastest rise in new orders since June 2011, indicating robust domestic demand and favorable economic conditions.

{reuters.com}

3. Strategic Investments: Saudi Arabia continues to invest heavily in infrastructure and mega projects, such as the $500 billion NEOM city. These initiatives aim to transform the economic landscape and offer vast opportunities across various industries.

{businessinsider.com}

4. Fiscal Policy and Incentives: The government maintains an expansionary fiscal policy to support non-oil economic growth, with a projected fiscal deficit of 2.9% of GDP for 2024. This approach includes increased capital expenditures, much of it linked to infrastructure supporting Vision 2030 projects, creating a conducive environment for new businesses.

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5. Access to Capital: The Public Investment Fund (PIF), managing assets worth $925 billion, plays a pivotal role in funding domestic projects and startups, providing ample opportunities for entrepreneurs seeking investment.

{ft.com}

6. Tax Environment: Saudi Arabia offers a competitive tax regime with no personal income tax and relatively low corporate tax rates, enhancing the financial attractiveness for businesses and individuals alike.

7. Growing Consumer Market: With a population exceeding 35 million as of 2024, Saudi Arabia presents a substantial and expanding consumer base, particularly in urban centers like Riyadh and Jeddah.

{stats.gov.sa}

8. Improved Business Climate: Ongoing regulatory reforms have streamlined business processes, contributing to a more business-friendly environment. The government's commitment to Vision 2030 underscores its dedication to fostering private sector growth.

9. Diverse Economic Opportunities: Beyond the oil sector, industries such as tourism, technology, healthcare, and renewable energy are experiencing significant growth, offering diverse opportunities for new ventures.

10. Global Trade Integration: Saudi Arabia's strategic location and investments in port infrastructure enhance its role as a global trade hub, facilitating access to international markets for businesses operating within the Kingdom.

These factors, underpinned by recent statistics, illustrate Saudi Arabia's dynamic and promising environment for establishing and growing a business.

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Cashflow Problems

See on Scoop.it - Key Performance Indicators

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Outsourcing is a business practice in which services or job functions are farmed out to a third party.

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The Logic Model is a framework that is helpful for differentiating what we produce from what we can only influence. ... It is also helpful for separating between elements that are more operational versus those that are more strategic in nature.

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World Architecture Day

The occasion of World Architecture Day reminds us of ancient as well as modern architectural wonders that will forever be appreciated and loved. Let us motivate young aspiring architects to create sustainable architecture designed for the well-being of buildings.

What are the factors of sustainable real estate products?

1. Energy Efficiency: Sustainable real estate products prioritize energy efficiency by incorporating features such as energy-efficient appliances, insulation, lighting systems, and renewable energy sources like solar panels. These measures help reduce energy consumption and lower greenhouse gas emissions.

2. Water Conservation: Water conservation is another important factor. Sustainable real estate products may include water-efficient fixtures, rainwater harvesting systems, and smart irrigation systems to minimize water usage and promote responsible water management.

3. Sustainable Materials: The choice of materials used in construction and development plays a significant role in sustainability. Sustainable real estate products prioritize the use of environmentally friendly and renewable materials, such as recycled materials, responsibly sourced wood, low VOC (volatile organic compound) paints, and sustainable flooring options.

4. Indoor Environmental Quality: Ensuring a healthy and comfortable indoor environment is crucial for sustainable real estate products. This includes features such as proper ventilation systems, natural lighting, and the use of non-toxic materials to improve indoor air quality and occupant well-being.

5. Location and Transportation: Sustainable real estate products are often located in areas that promote walkability, access to public transportation, and proximity to amenities. This reduces the reliance on private vehicles, promotes active transportation methods, and helps reduce carbon emissions.

6. Waste Management: Effective waste management practices are essential for sustainable real estate products. This includes implementing recycling programs, utilizing construction waste reduction strategies, and encouraging the use of recycled or recyclable materials.

7. Community Engagement: Sustainable real estate products prioritize community engagement and social responsibility. This may include incorporating community spaces, promoting social equity, supporting local businesses, and engaging with stakeholders to ensure the development aligns with the needs and values of the community.

8. Long-Term Performance and Maintenance: Sustainable real estate products are designed to have long-term performance and durability. This includes considering the life-cycle costs, maintenance requirements, and adaptability to changing needs and technologies.

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Role of Business Analysts in Testing

Purpose of testing

Software testing is a process of executing a program or system with the intent of finding defects. Testing is a concurrent lifecycle process of engineering, using, and maintaining test ware in order to measure and improve the quality of the software.

In simple words, testing is a process of verifying that the developed software system meets the specified requirements and business needs. Issues/defects identified during testing need to be analyzed, corrected, and retested.

The best practice in testing is to develop test cases as per the V-model given below:

As we can see, test cases can be prepared once requirements have been identified. Testing occurs at multiple levels. Business Analyst gets actively involved most of them. Here is a diagram depicting various types of testing and their focuses:

Role of Business Analysts in Unit Testing

Unit Testing is carried out on a single module or component. The programmers test the component independently to make sure that expected outputs are generated when inputs are provided.

The primary support provided by BA in this aspect of the component testing can be:

Boundary conditions taken care

Business rules incorporated in test cases

Required validations incorporated in component test cases

Provide clarifications on requirements allocated to the component

Role of Business Analysts in Integration Testing

Unlike testing of an independent single component, two or more components are involved in Integration testing. Integration Testing should be performed each time any changes to a component that is likely to impact associated components. Integration testing ensures multiple components and applications can work together. Programmers / independent QA team are responsible for carrying out integration testing.

The primary support provided by BA in this aspect of the component testing can be:

Data transformation rules taken care of

Interfacing rules incorporated in test cases

Provide clarifications on integration requirements allocated to the components

Role of Business Analyst in System Testing

System testing verifies that the system, as a whole, works as per specified requirements. Also called Business Process Testing or as End-to-end testing. System is performed to ensure that all system components run with one another. System testing also ensures that all interfaces work together properly.

Business Analysts are actively involved in System Testing. The following are common activities (not a comprehensive list)

Business process flows are incorporated in the test plan

Non-functional requirements are incorporated in the test plan

Provide clarifications on system requirements

Support Testing team to create system test plans

Review system cases prepared by Testing team

Create and execute the system test cases

Role of Business Analyst in User Acceptance Testing (UAT)

User acceptance testing is conducted by end users to give them the confidence that the system can be rolled out into production.

Business Analysts are actively involved during User Acceptance Testing. The following are common activities (not a comprehensive list)

Support Testing team to create acceptance test plans

Identify users for acceptance testing

Review acceptance test plan with key stakeholders

Support users during acceptance testing

Provide clarifications on system requirements

Obtain sign-off on system acceptance

Role of Business Analyst in Regression Testing

Regression Testing ensures that a change of a particular module does not negatively affect existing modules. Typically, a Regression Testing suite is a subset of system test cases. Business Analyst is generally involved in Regression testing. S(he) may carry out testing of a few critical test cases form the Regression suite to verify critically functionality is functioning.

Summarizing

Though Business Analysts’ primary role is to be the requirements owner in a project, they do play a significant role in software testing. To ensure that the developed system meets the business needs, Business Analysts get involved in assisting test case development, review, execution of part of test cases and support all stakeholders during testing activities.

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