Saudi Arabia is taking significant steps to enhance its investment landscape by reforming its law. The changes aim to attract foreign investors and boost foreign direct investment (FDI) to $100 billion annually by 2030. This reform is part of Saudi Arabia’s Vision 2030 plan, which seeks to diversify the economy and reduce reliance on oil
Saudi Arabia is transforming its economy with the National Strategy for Transport and Logistics Services, a key part of Vision 2030. This initiative aims to improve all modes of transportation, including air, sea, land, and rail, to rank among the top 10 in the Logistics Performance Index by 2030.
Saudi Arabia’s remarkable transformation has led to it being ranked as the second-best country globally for expats, surpassing prominent nations such as the US, UK, and Belgium, according to the latest Expat Insider survey. Saudi Arabia for Expats has become an increasingly attractive destination, offering a dynamic lifestyle, economic opportunities, and a welcoming environment for expatriates.
A New Era for Saudi Workforce Minister for Transport and Logistics Services Saleh Al-Jasser emphasized, “Saudi Arabia is presenting aviation investment opportunities that are unmatched globally. Our Saudi Aviation Strategy aims to triple passenger numbers, connect to over 250 destinations, and handle 330 million passengers and 4.5 million tonnes of cargo by 2030.” Minister for
The European Union is gearing up to open the Gulf region’s very first Chamber of Commerce in Riyadh next week, according to the EU’s special representative for the Gulf region speaking to Arab News. Luigi Di Maio shared his excitement for this new venture, highlighting its goal of bringing Saudi and European businesses closer together
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
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
Saudi Arabia is making big changes to its economy, and one important part of this is the Saudization program. Led by the Ministry of Human Resources and Social Development, it aims to increase the number of Saudi citizens working in various industries. This is a significant shift for the country and is part of Saudi
On November 28, the Bureau International des Expositions (BIE) announced Riyadh as the host city for World Expo 2030. Riyadh won 69% of the total votes, securing 119 out of 173 votes. This victory puts Riyadh in the global spotlight, as the Expo is set to happen from October 1, 2030, to March 31, 2031.
