SAGIA awarded 6 investment licenses for investments worth over $240 million at the World Energy Congress in Abu Dhabi. The licenses were awarded to international companies in the energy sector, Read More
Saudi Arabia has issued a Royal Order banning foreign consultancies from government contract awards in the Kingdom, with exceptions in special cases or where Saudi Arabian expertise isn’t available. In Read More
Saudia Arabia’s General Entertainment Authority (GEA) has introduced a new online system that processes entertainment license applications. This move is to encourage investment in the Kingdom’s entertainment sector as a Read More
Saudi Arabia’s King Salman issued a royal decree on Friday to create a new ministry for natural resources by splitting the Ministry of Energy, Industry and Mineral Resources into two. Read More
Tax in Saudi Arabia 2019 Corporate tax The tax system in Saudi Arabia is unique and has the benefit of no personal income tax. Companies need to file for tax Read More
Professional employer organisation services, or the shorter PEO as its usually called, is rapidly heading towards being the next business trend. As more companies expand into new markets, it’s often Read More
The Ministry of Labor and Social Development (MLSD), requires expatriates working in accounting and finance jobs to register their membership for the Saudi Organization for Certified Public Accountants (SOCPA), starting Read More
Saudization is a fundamental part of operating a business in Saudi Arabia, and for multinationals it comes with its own set of challenges. Last week, we focused on Saudization and Read More
The General Commission for Audiovisual Media (GCAM) called for investors to establish or operate cinemas in smaller cities across Saudi Arabia. There are currently 27 cinemas in development across 7 Read More
The first phase of construction for Neom, the futuristic $500bn city in Saudi Arabia is complete and it covered the economic concept, funding and development plans. The second phase will Read More
