Riyadh Gets Ready for Global Investment Summit Saudi Arabia is all set to host the 28th World Association of Investment Promotion Agencies (WAIPA) World Investment Conference from November 25 to 27 in Riyadh. Tackling New Challenges in Investment with Digital Innovations This year’s conference, themed “Future-ready IPAs: Navigating Digital Disruption and Sustainable Growth,” will bring
British technology companies have a significant opportunity to contribute to Saudi Arabia’s mega projects, which prioritize innovation, sustainability, and high-tech infrastructure. British firms are well-positioned to play a vital role in several key areas: Overview of EU-GCC High-Level Forum With the development of Neom as a smart, sustainable city, there is potential for British expertise
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
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
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,
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,
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
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
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
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
