Saudi Arabia Offers Investors a $100 Billion Opportunity in Aviation

Saudi Arabia Offers Investors a $100 Billion Opportunity in Aviation

This month, the world’s largest aviation investors will converge in Riyadh for the Future Aviation Forum (FAF24), where Saudi Arabia will reveal over $100 billion in investment opportunities as part of its ambitious Saudi Aviation Strategy. Key Highlights: 1. Massive Investment Showcase: Airports: Over $50 billion earmarked for new and existing airport projects. Aircraft Orders:

GCC-Tourism-Officials-Plan-for-Major-Event-Coordination-Ahead-of-New-Visa-System

GCC Tourism Officials Plan for Major Event Coordination Ahead of New Visa System

GCC tourism authorities emphasized the need for a strategic alignment of major events across the region, as they prepare to introduce a unified visa system. Khalid Al Midfa, chairman of the Sharjah Commerce and Tourism Development Authority, highlighted the primary goal of increasing tourists’ stay duration during a discussion at the Arabian Travel Market in

EU Introduces New Visa Rules for Saudi, Omani, and Bahraini Citizens

The European Union has introduced a significant relaxation of visa rules for citizens of Saudi Arabia, Oman, and Bahrain, allowing for easier access to the Schengen Area. As part of the new visa regulations, nationals from these three Gulf countries will now be eligible for multi-entry visas, valid for up to five years. Overview of

ACRO Police Certificate Premium Service Now Restored

ACRO Police Certificate Premium Service Now Restored

Overview of Service Reinstatement ACRO has officially reinstated its premium service for Police Certificate Checks (PCC). This option had been temporarily suspended but is now available once again and fully operational. Service Processing Time The premium service significantly reduces the processing time for obtaining your PCC. With this service, your PCC will be processed within

Saudi Arabia Modifies Foreign Worker Classifications in Nitaqat Program

New Rules for Foreign Nationals The Saudi Ministry of Human Resources and Social Development (MHRSD) has updated how some foreign nationals are classified in the Nitaqat program, which helps determine national employment rates. Foreign Investors Now Counted as Saudis Foreign investors who own private companies are now counted as Saudi nationals, rather than foreign nationals,

UAE Golden Visa Policy Change Removes Minimum Down Payment Requirement for Property Owners

As countries tighten rules on Golden Visa programs, the UAE is making it easier to invest in real estate and get long-term residency. They’ve removed the need for a large initial payment that was required before for real estate investors aiming for the Golden Visa. What’s New with the UAE Golden Visa? Introduced in 2019,

Empowering Local Talent: Saudi Arabia Advances Saudization in Consulting Services

On March 25, Saudi Arabia took a significant step by moving into the second phase of a plan to increase jobs for its citizens in the consulting sector. This phase includes jobs in financial, engineering, health, and management consulting, covering 40% of such roles. This effort is part of the country’s larger goal to provide

Qatar announced New Residence Permit for Skilled individuals and Entrepreneurs.

Overview Qatar has introduced a new program offering a five-year residence permit to skilled professionals and entrepreneurs. This move aims to encourage talented individuals to live and work in Qatar, contributing to the country’s development. The program will start taking applications soon. The Initiative This initiative allows skilled individuals and entrepreneurs to become part of

Saudi Arabia Enhances Foreign Investor Status Under Nitaqat Saudization Program

Equal Status for Foreign Investors Saudi Arabia’s Ministry of Human Resources and Social Development has announced an update to the Nitaqat Saudization program. Foreign investors owning private businesses will now be treated as Saudi nationals in workforce calculations, aiming to foster a more inclusive business environment. Expanded Inclusivity Key Groups: Children of Saudi women with

Strategic Tips for Incorporating Your Business in Saudi Arabia

Saudi Arabia is on the brink of an exciting transformation, warmly inviting businesses to explore the vast opportunities within its expanding economy. The KSA’s strategic position in the global market, coupled with its Vision 2030 initiative aimed at diversifying its oil-dependent economy, presents unique opportunities for businesses looking to incorporate in the region. Understanding the