What you need to know when doing business in Saudi Arabia: Regulations, custom tariffs, import documents, tips to find business partners and opportunities in Saudi Arabia.
Crown Prince Mohammed bin Salman. In essence, the Vision is a series of goals and strategic initiatives to grow new economic sectors and reduce the country’s heavy dependence on oil revenues. The
Saudi Arabia's accession to the WTO will promote the competitive advantages of the local industries, creating both opportunities and threats for certain sectors. This situation will call for urgent economic reforms in order to succeed the challenges of the accession. This study will attempt to high...
Saudi Minister of Finance Mohammed Al-Jadaan said the kingdom's ongoing economic transformation focuses on diversification, innovation, and investment in promising sectors. He also highlighted that the public debt balance would reach 1.3 trillion riyals, representing 29.9 percent of GDP in 2025.■...
a pragmatic move, Saudi Arabia has announced the establishment of four special economic zones, one exclusively dedicated to cloud computing. This zone aims to attract USD 13 billion in investments (FDI & Domestic Direct Investment) by 2030, with a particular focus on the Data and AI sectors. ...
Abha +00966 7; Al Khubar +00966 3; Dammam +00966 3; Ha il +00966 6; Khamis Mushayt +00966 7; Makkah +00966 2; Najran +00966 7; Rabigh +00966 2; Riyadh +00966 1; Shaqra +00966 1
It is estimated every year thousands of Ethiopians enter Saudi Arabia illegally looking for better economic opportunities. After illegally entering Saudi Arabia, the Ethiopians are often employed in informal economic sectors without having valid residence permits. ...
Saudi Arabia is in the midst of a massive economic overhaul known as Vision 2030 aimed at ending its reliance on oil which requires hundreds of billions to develop new economic sectors and more sustainable revenue streams. The Arab world's biggest economy needs oil prices at almost $100...
It noted that the government will continue increasing strategic transformational spending to achieve economic diversification and sustainable growth. It added that the reported GDP growth rates were supported by the growth of non-oil activities, which contributed to the prosperity of promising sectors such...
Key Economic Sectors Oil and Gas The oil sector remains the backbone of Saudi Arabia’s economy.Saudi Aramco, the state-owned oil company, is the largest and most valuable company in the world, producing about10 million barrels per day. Aramco’s2019 initial public offering (IPO)was one of...