Saudi Arabia experienced much growth and development in 2018 with the government implementing reforms that have enhanced life in the Kingdom for both expats and nationals. The government continued to Read More
What is the Finance Sector Development Program? The Financial Sector Development Program is a program under the Council of Economic and Development Affairs (CEDA) to assist Vision 2030 in reaching Read More
The Fiscal Balance Program, launched in December 2016, for 2017 to 2020 is another government initiative for Vision 2030 and aims to sustain the status of public finances and achieve Read More
Saudi Arabia’s US$261bn budget shows the government’s optimism for economic diversification and their expansion plans for the Kingdom. Saudi’s current market is undergoing massive transformation, with over $200 billion Read More
Continuing with our team sharing their expertise, we hear from Anita Chalke, Immigration Manager based in our Dubai office on pensions for UAE nationals. The General Pensions and Social Security Read More
The Saudi Ministry of Labour and Social Development (MLSD) and the Ministry of Housing announced that foreign expatriates will be required to have a registered rental agreement before they’ll be Read More
The Saudi Ministry of Finance signed agreements to fund 17 health, education and hotel projects, totalling SAR 755.8m ($201.5m). The funding for these projects come from a local lending programme Read More
Saudi Arabia has started accepting bids for the first utility-scale wind farm in the Kingdom. The $500m Dumat Al Jandal wind farm is located in the northern Al Jouf region Read More
Women on a dependent iqama and a valid foreign driving license who were previously unable to register for a driver’s license through the online portal are now able to with Read More
Saudi Arabia has confirmed its’ first comprehensive bankruptcy law will be implemented officially from August 18 to encourage foreign and domestic investment in the private sector. The new law is Read More
Saudi women driving is predicted to add up to $90 billion to the economy by 2030. Bloomberg Economics have predicted that allowing Saudi women to drive could help the Kingdom Read More
Image source: Arabian Business Majid Al-Futtaim announced its second multiplex in Saudi Arabia, in Riyadh Front (Wajehat Al-Riyadh) lifestyle development. The multiplex is due to open in early 2019 and Read More
There has been much celebration that Saudi women being able to drive since the ban was lifted on the 24th June 2018. Now women can convert their existing foreign licences Read More
Saudi Arabia is a prime market for many foreign investors looking to export into the Middle East. Saudi Arabia accounts for 25% of the Arab world’s gross domestic product (GDP). Read More
The Saudi economy has seen a great increase and has pulled itself out of a recession in the first quarter of 2018 due to the oil price increase. Capital Economics Read More
Entrepreneurship in Saudi Arabia has reached an all-time high, especially with the introduction of the entrepreneurship license. Thus, making it easier for foreigners to open startups in the Kingdom. The Read More
Saudi Arabia has launched an initiative to become an entertainment and leisure hub following modernization reforms and the annulment of the 35-year cinema ban. The initiative got underway on Thursday Read More
The Saudi government have confirmed the terms of the transfer of ownership of Riyadh’s $10 billion financial district to the finance ministry and the Public Investment Fund (PIF). This transfer Read More
In this article we hear from Mansoor Khan, Senior Account Manager for Proven SA, based in our Riyadh corporate office. Ajeer is a regulatory regime for organizing the work of Read More
School buildings and desalination facilities producing fresh water will be among the first deals made as a part of Saudi Arabia’s privatization plan. As the government aims to transfer approximately Read More
