Investment Law in Saudi Arabia: Top 20 FAQs Answered for Investors
Investment law in Saudi Arabia plays a major role in the projection of Saudi Arabia as a global hub for investment and business activities. It aims to create an investment-friendly environment in the country by simplifying licensing procedures, tax incentives and protection against expropriation. Curious to know more about investment law in Saudi Arabia? Refer […]
Saudi Arabia plans to make huge investment of $1tn in non-oil economy by 2030
As a part of the ambitious Vision 2030, Saudi Arabia plans to invest $1 trillion in its non-oil economy, which really seems to be shifting this nation from oil-based income model. This development plan is expected to usher in a new era of the economic structure of the Kingdom and will open up vast opportunities […]
Saudi Food Sector: Set up Cloud Kitchen in Saudi Arabia
Cloud kitchens, popularly known as dark kitchens, delivery only restaurants, virtual restaurants, or ghost kitchens, are revolutionising the restaurant industry as it is opening up new opportunities for restaurant operators. Cloud kitchen, a popular concept in the landscapes of India and Singapore, is now spreading to other parts of the world and is gaining popularity […]
What Makes PRO and GRO Services An Essential Element of Foreign Business Growth in Saudi Arabia
Business expansion to foreign countries can be both exciting and challenging. The most challenging process evolved would be to navigate the complex regulatory environment of the chosen country. And here comes the role of Public Relations Officer (PRO) and Government Relations Officer (GRO) services as they provide timely and valuable support to foreign businesses entering […]
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 […]
