In this article we hear from Mansoor Khan, Senior Account Manager for Proven SA, based in our Riyadh corporate office.
Saudization, a scheme created to combat the high levels of unemployment has been implemented for decades now, however, systematic adjustments have been applied to increase its’ effectiveness.
The Real Estate Barometer study, conducted in by YouGov and Restatex Cityscape Riyadh shows promising results for the Saudi Arabia real estate market.
We are seeing more companies looking to implement shared service centers in Saudi Arabia as a way of reducing costs and improving service quality.
Tax in Saudi Arabia, or lack of it, is often cited as one of the key marketing points. However, it is also one of the most misunderstood elements.
The Saudi Council of Engineers has announced an important update to the renewal of Iqamas in the Kingdom. From May 29, 2017 it’s mandatory for some technicians (listed below) to be registered with Saudi Council of Engineers to secure their Iqama or renewal of their Iqama. The Saudi Council of Engineers is dedicated to ensuring the growth of the industry, the continuous development of the engineers skills and to remain current in their field. The current list is expected to expand although a date for this has not been announced.
With Nitaqat and Taqat being implemented throughout Saudi Arabia, there are many organizational and structural changes required to align with the new processes. Companies should be preparing now so they do not see major disruptions to their businesses, targets, and timelines.
The Saudi market is attractive for foreign investment and we have supported numbers of multinationals, corporate firms and SMEs with their move into KSA.
Proven is hosting the Breaking Boundaries event, on how to navigate the Saudi market, for companies who want to or already have expanded to Saudi Arabia.
The Saudi Contractors Authority (SCA) is a new authority responsible for regulating the contractor industry in Saudi Arabia and increasing the number of mergers and acquisitions within the Kingdom. The SCA will work to address labor issues, draft rules for the industry, publish industry data, and supply statistics to the government.