Saudi Arabia Advances in Global Competitiveness Rankings to 16th Place
Saudi Arabia has upgraded its competitiveness ranking to 16th place out of 67 countries in the IMD World Competitiveness Yearbook. This is according to the Swiss-based Institute for Management Development annual report on business legislation and infrastructure, the Kingdom boasting of a 4th position among G20 countries. The National Competitiveness Center, in cooperation with other […]
Saudi Arabia’s Initiative to Permit Non-Saudis to Establish Law Firms
Saudi Arabia is considering a significant policy change that would allow foreign law firms, already licensed to practice in the country, to establish companies fully owned by non-Saudis. This initiative aims to boost foreign investment, as announced by the National Competitiveness Center (NCC). The NCC shared on its X platform that it is seeking public […]
Saudi Arabia’s Mining Sector Emerges as Global Leader in Regulatory and Investment Reforms
Saudi Arabia’s mining sector restructuring has set the Kingdom as the fastest-growing regulatory and Investment-friendly environment in the world over the last five years, according to a report by MineHutte, a research & consultancy firm. With these measures in place, the Kingdom has risen to become the second ranked country globally in terms of friendly […]
Saudi Arabia this week
Hello! Ready to explore ‘Saudi Arabia this week’ by Analytix, with the latest weekly news updates and business insights from Saudi Arabia. Here we go! From 02nd to 08th June 2024 Saudi Arabia Unveils Incentives Framework for Environmental and Meteorological Investment RIYADH – On World Environment Day observed on June 5, 2024, Saudi Arabia announced an incentives […]
127 Companies Move Regional HQs to Saudi Arabia in Early 2024, Surging by 477%
In a major boost to Saudi Arabia’s investment appeal, 127 international companies relocated their regional headquarters to the Kingdom in the first quarter of 2024. This represents an impressive 477 percent increase from the same period in 2023, highlighting Saudi Arabia’s growing allure as a prime business destination. The Saudi Ministry of Investment has played […]
Saudi Arabia this week
Hello! Ready to explore ‘Saudi Arabia this week’ by Analytix, with the latest weekly news updates and business insights from Saudi Arabia. Here we go! From 26th to 31st May 2024 Smart Cities Expo Empowers Cognitive Living in KSA Amid Urbanization Wave in KSA As Saudi Arabia advances in its urban development, smart cities have become a […]
Saudi Arabia and Austria Sign MoU to Boost Economic Cooperation
The Kingdom of Saudi Arabia and Austria have taken a big step together to boost economic cooperation by signing a new MoU (Memorandum of Understanding). His agreement was made during the Saudi-Austrian Joint Committee meeting in Vienna. The MOU was signed by Faisal bin Fadel Al-Ibrahim, Minister of Economy and Planning of Saudi Arabia, and […]
Saudi Arabia this week
Hello! Ready to explore ‘Saudi Arabia this week’ by Analytix, with the latest weekly news updates and business insights from Saudi Arabia. Here we go! From 20th to 25th May 2024 Non-oil exports of Saudi Arabia witnessed a rise of 3.3 %, according to GASTAT The non-oil exports of Saudi Arabia witnessed an annual rise […]
Saudi Arabia Sets World Records in Wind Energy Costs with Al-Ghat and Wa’ad Alshamal Projects
During his recent visit to Tokyo Japan, the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman stated that the Al-Ghat and Wa’ad Alshamal wind power projects have made Saudi Arabia set new world records for cutting the cost of generating electricity from wind energy. “This great step would support the Kingdom’s plans to […]
Jaumur: NEOM’s Luxurious Coastal Community in the Gulf of Aqaba
Saudi Arabia’s $ 500 billion futuristic city NEOM will feature a unique project named ‘Jaumur’ – a large cosmopolitan luxury community situated by the Gulf of Aqaba. It was designed to accommodate over 6,000 residents along the Gulf of Aqaba coast and features a marina located in the community center. The luxury community will have […]
