Within the big changes anticipated by the Kingdom of Saudi Arabia, and within the “Vision 2020” initiative, derived from the more comprehensive “Vision 2030” initiative, Crown Prince Mohammad Ben Salman has announced earlier the launch of one of the most globally massive tourism projects, to be launched in The Kingdom under the name of The Red […]
Read More
According to SAGIA, Eng. Ibrahim Al Omar, Governor of the Saudi Arabian General Investment Authority (SAGIA) extended his deep thanks and gratitude to the Custodian of the Two Holy Mosques His Majesty King Salman Bin Abdulaziz Al Saud and HRH Crown Prince Mohammed Bin Salman for the Cabinet’s decision to grant foreign companies full ownership […]
Read More
Crown Prince Mohammad Bin Salman has announced as of Tuesday 25/10/2017 the launch of “NEOM” project, located on an area equal to 26,500 km² at the southwest of the Kingdom of Saudi Arabia. The Crown Prince has acknowledged during the launch that NEOM area will focus on nine investment specific sectors, targeting the future of […]
Read MoreThe Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a royal decree approving the private sector stimulation plan and allocating a total amount of 72 billion Saudi Riyal for the private sector stimulation plan based on what has advanced by His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, The […]
Read MoreAccording to Al-Iqtisadiya newspaper, A joint team between the Ministry of Education and the Ministry of Commerce and Investment has finished articulating the terms and conditions to grant licenses to international universities and entitling them to enter the Saudi market and invest therein. Dr. Ayed Al-Otaibi; the Deputy Governor of the Investment Authority for Investment […]
Read MoreMarking World Anti-Corruption Day, International Monetary Fund (IMF) said on Friday that corruption disrupts economic growth by weakening the government’s ability to perform. “…IMF is to protect global economic stability and promote strong, sustainable, balanced, and inclusive economic growth. And this becomes difficult, if not impossible, to achieve in the presence of entrenched and institutionalised […]
Read More
The Kingdom of Saudi Arabia has signed $50 billion worth of contracts at an investment conference in Riyadh on Tuesday 23/10/2018. The deals were signed in oil, gas, infrastructure, and other sectors at the Saudi international business forum dubbed the ‘Davos in the desert’. Companies involved in the deals include Total, Hyundai, Schlumberger, Baker Hughes, and […]
Read More
According to Alarabiya.net, the Custodian of the Two Holy Mosques King Salman bin Abdulaziz has started a series of visits to various areas within the Kingdom of Saudi Arabia, accompanied by the Crown Prince Mohammad bin Salman, in order to inaugurate massive projects in various sectors. The visit to Qassim area purposes to launch six […]
Read More