MoA and AoA Requirements in Saudi Arabia
The business environment of Saudi Arabia is getting evolved and it is on its path towards becoming a global hub for business activities. So understanding the laws and regulations regarding company formation is essential for businesses and investors alike. Two documents that play an important role in the business incorporation process in Saudi Arabia are […]
Saudi Arabia Witnesses Huge Rise in Tourist Spending
Saudi Arabia has recently reported a tremendous growth in the tourism spending, which is giving a new face lift to Saudi Arabia on the map of International tourism. This is mainly due to the Kingdom’s Vision 2030 plan that is seeking to diversification of economy and reducing oil dependency by targeting sectors such as travel […]
Riyadh to be Among Top 15 Fastest Growing Cities by 2033
According to Savills Growth Hubs Index, Riyadh ranks among the top 15 fastest growing cities by 2033, and it is the only non Asian city featured in the report and its potential is calculated to be 26% per cent population growth. Inclusion of Saudi’s capital city in the report highlights the capability of the city […]
Riyadh dominates Saudi Arabia’s construction market
According to a new research, around 40% of the total value of existing construction contracts in Saudi Arabia accounts to Riyadh and nearer areas at a worth of US$ 54 billion. The provinces of Mecca, which encompasses Jeddah, and Tabuk in the north of the kingdom are next after the capital region with $28. $5 […]
Saudi Arabia’s Tax Rules for Regional Headquarters (RHQ)
The Kingdom of Saudi Arabia made an ambitious, bold and far reaching move to strengthen its position as a global business by offering a warm welcome to multi nationals companies to the kingdom with an exclusive RHQ (Regional Head Quarters) program. The initiative shows the commitment and dedication of the kingdom towards building a favorable […]
Saudi Arabia Sets Up New Business Park in Riyadh
The Kingdom of Saudi Arabia has always shown a major interest in the development of its business environment and recently announced launching the significant initiative of a new business park in Riyadh to attract foreign investors and support the development of new job opportunities in the kingdom. The Boulevard Business Park, which contributes a new […]
Demand for Saudi Mining Licences Rises Sharply
Saudi Arabia in recent years, have witnessed a surge in the demand for mining licenses, and this is a reflection of the country’s effort to diversify its economy from oil dependency. With the Saudi Vision 2030, which is the ambitious plan of Saudi Arabia, spearheaded by Crown Prince Mohammed bin Salman, the country has made […]
How to Overcome Bank Account Setup Delays in Saudi Arabia ?
Establishing a business setup in Saudi Arabia, requires opening a bank account in the country. But setting up a bank account in the Kingdom is expected to be a tiresome task, as it can result in potential delays. Delays in the bank account setting up can disrupt your business plans and can lead to subsequent […]
Why Are Asian Companies Expanding to Saudi Arabia?
Recent years have witnessed a tremendous transformation of Saudi Arabia into a global economic powerhouse. The Kingdom is undergoing an exceptional evolution under giant projects like Vision 2030, and it is creating vast opportunities for investors from within the country and abroad. Saudi Arabia provides a lucrative market for Asian countries due to its geographic […]
Riyadh Expo 2030
World Expos are grand events that help global nations to come together and address international issues. We must be glad that Riyadh, Saudi Arabia is selected as the next destination to host the Expo in 2030 from 1/10/2030 to 31/3/2031. Originated in 1851 with the World Fair in London, it has extended its presence to […]
