Saudi Arabia: Daily Business Update.

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 hellip

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 hellip

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 amp consultancy firm With these measures in place the Kingdom has risen to become the second ranked country globally in terms of friendly hellip

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 hellip

In a major boost to Saudi Arabia 8217 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 8217 s growing allure as a prime business destination The Saudi Ministry of Investment has played hellip

Hello Ready to explore nbsp Saudi Arabia this week nbsp 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 hellip

On Thursday Saudi Arabia 8217 s Finance Minister Mohammed Al Jadaan led the Kingdom 8217 s delegation at the 121st meeting of the Gulf Cooperation Council 8217 s Financial and Economic Cooperation Committee in Doha Qatar According to the Saudi Press Agency chaired by Qatar 8217 s Finance Minister Ali bin Ahmed Al Kuwari the meeting included other Gulf finance ministers and GCC Secretary General Jassim hellip

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 hellip

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 hellip

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 hellip

Saudi Arabia s $ 500 billion futuristic city NEOM will feature a unique project named Jaumur 8211 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 hellip

Saudi Arabia is gearing up to host a spectacular array of business events spanning diverse industries and attracting global attention From exhibitions showcasing the latest innovations to summits fostering collaboration and knowledge exchange these events promise unparalleled opportunities for networking learning and growth Let 8217 s explore the details of upcoming business events in the Kingdom Saudi hellip

Keeping in line with Saudi Vision 2030 goals the GDP of Saudi Arabia is witnessing consistent growth The total GDP of Saudi Arabia rose by 1 3 percent in the first quarter of 2024 compared to the previous quarter This increase is a result of the rise in GDP of both the oil and non oil sectors hellip

May 8 will feature the inauguration of the initial European Chamber of Commerce of the Gulf region in Riyadh Saudi Arabia The European Chamber of Commerce hailed this as a historic milestone on their official website in Saudi Arabia marking it as a vital turning point in boosting trade ties between the European Union EU hellip

Lucid a leading US based manufacturer of electric vehicles EV has made a partnership agreement with Saudi Arabia 8217 s King Abdulaziz City for Science and Technology KACST to develop EV technology in the Kingdom Lucid is backed by Saudi s Public Investment Fund and will team up with the KACST team to conduct joint research on developing battery hellip