Saudi Arabia’s sovereign wealth fund are in discussions with Magic Leap to secure an investment of $400 million, according the Financial Times. Magic Leap are developing virtual reality glasses and Read More
Both the government and the private sector will invest in entertainment Saudi Arabia has announced it spend billions on building new entertainment venues and flying in Western acts, in a Read More
The Kingdom continues to push forward with its economy diversification The Saudi government has approved a bankruptcy law that will make investing into the Kingdom more appealing to foreign investors. Read More
The taxation system in Saudi Arabia has commonly been misconceived as a low tax area and even believed to be non-existent tax area. However, managing tax in Saudi Arabia can Read More
According to the latest BMI report on Saudi Arabia, despite the oil sectors decline, the rest of the Saudi economy is in good health. The BMI reports the government’s fiscal Read More
With the developments already made by Saudi Arabia in 2017 and the ongoing reforms announced for 2018, we can expect to see continuous growth for the country next year. As Read More
Saudi Aramco, the world’s biggest oil producer, changed its legal structure to a joint-stock company this month, in preparation for their 5% initial public offer (IPO) plans. “This is one Read More
The securities regulator of Saudi announced that from January 23, they will ease the requirements for foreign institutional investors to enter the stock market, as the Kingdom seeks to diversify Read More
The Saudi Public Authority (PTA) have invited railway service companies to apply to provide the operations and maintenance (O & M) services for the Kingdom’s main railway networks. The application Read More
The Saudi Arabian General Investment Authority (SAGIA) and the General Commission for Audiovisual Media (GCAM) have signed an MOU to establish the audiovisual industry in Saudi Arabia. The MOU states Read More
2017 has been a big year for business in Saudi Arabia, the past 12 months we have seen some unexpected changes and one or two surprises. The introduction of tourism, Read More
Saudi Arabia’s Finance Minister announced there would be an increase in Saudi’s spending in 2018, $261 billion (SAR 978 billion), a 5.6% increase from 2017’s SAR 926 billion. The budget Read More
The General Authority of Zakat and Tax (GAZT) announced that goods acquired through online sales will still be subject to value added tax (VAT) of 5%. The tax will be Read More
King Salman bin Abdulaziz Al Saud issued a royal decree approving the SAR 72 billion private sector stimulation initiative. Majed Al Qasabi, Commerce and Investment Minister, said the overall four Read More
On Monday, Saudi Arabia lifted the 35 year ban on cinemas in the Kingdom as a part of the Crown Prince’s reforms. The government said they would start distributing licenses Read More
Saudi Arabia’s Commission for Tourism and National Heritage (SCTH) reportedly issued their first license in Jeddah, allowing travel agencies ability to issue tourist visas. This follows the restructuring of the Read More
Saudi Arabia has announced their objective to raise $200 billion in the next few years through privatization programs. The program will run in 16 sectors; ranging from oil, education, healthcare, Read More
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has finalized a deal to take over finishing Riyadh’s $10 billion financial hub. They will now be responsible for the Read More
Saudi Arabia is encouraging the growth of small and medium sized enterprise (SME) sector by introducing new entrepreneurship licenses. New licenses that allow overseas entrepreneurs to establish a business in Read More
The Saudi Arabia real estate market shows promising growth from Vision 2030 Foreign investors looking to invest in the Saudi Arabian real estate market have high expectations due to the Read More
