OMD Arabia has released the initial findings of its latest study “The Future of Saudi Arabia,” revealing the trends shaping Saudi society as the Kingdom embarks on an ambitious transformative journey. Among them is a strong consensus that Vision 2030 will improve the lives of Saudis and that the Kingdom will undergo an immense change, including the growing role of entrepreneurs and women in the economy.
The survey is part of an international series by OMD, the global marketing performance company part of Omnicom Media Group.
Starting in Britain in 2013, the research project has been conducted in more than 20 countries, including the UAE in 2015. At the end of 2016, OMD Arabia commissioned Hall & Partners MENA to explore the changing consumer behavior and perceptions about the future in Saudi Arabia.
With face-to-face interviews, focus groups and discussions with experts, the study delves into nationals’ and residents’ views on happiness, family, technology, the environment, national identity, financial and consumption priorities, health, work-life balance and employment. It identified the key themes of aspiration, responsibility, happiness and transformation.
The timing of the survey makes it a significant marker as the country sets a new course to face the impact of low oil prices and create a more sustainable future for its residents.
While happiness scores are high and stress levels are low, there is still a noticeable trend of financial prudence.
Optimism about the future is high, largely rooted in the confidence in the government’s ability to address the macro-economic issues, but there is a deep sense that times are changing. Be it with employment, education, female participation in the workforce and lifestyles, Saudis recognize that the future will bring a new reality.
The benefits of economic diversification, chiefly job opportunities, are expected to come at a price though as many fear rising costs with rents, property and education in the future. This translates into a rather subdued appetite for large investments like cars or houses.
The role of technology as a source of entertainment, information and communication was underlined by the choice of cheaper Internet access as the key driver for happiness, ahead of respect for traditions and regional safety. The survey has identified a strong appetite for more openness and self-expression.
The survey is part of an international series by OMD, the global marketing performance company part of Omnicom Media Group.
Starting in Britain in 2013, the research project has been conducted in more than 20 countries, including the UAE in 2015. At the end of 2016, OMD Arabia commissioned Hall & Partners MENA to explore the changing consumer behavior and perceptions about the future in Saudi Arabia.
With face-to-face interviews, focus groups and discussions with experts, the study delves into nationals’ and residents’ views on happiness, family, technology, the environment, national identity, financial and consumption priorities, health, work-life balance and employment. It identified the key themes of aspiration, responsibility, happiness and transformation.
The timing of the survey makes it a significant marker as the country sets a new course to face the impact of low oil prices and create a more sustainable future for its residents.
While happiness scores are high and stress levels are low, there is still a noticeable trend of financial prudence.
Optimism about the future is high, largely rooted in the confidence in the government’s ability to address the macro-economic issues, but there is a deep sense that times are changing. Be it with employment, education, female participation in the workforce and lifestyles, Saudis recognize that the future will bring a new reality.
The benefits of economic diversification, chiefly job opportunities, are expected to come at a price though as many fear rising costs with rents, property and education in the future. This translates into a rather subdued appetite for large investments like cars or houses.
The role of technology as a source of entertainment, information and communication was underlined by the choice of cheaper Internet access as the key driver for happiness, ahead of respect for traditions and regional safety. The survey has identified a strong appetite for more openness and self-expression.
