Saudi Arabia has added Pakistan in the list of countries with reduced visit visa fee. Single Entry 90-day visit visa fee is reduced drastically from SAR 2,000 = US$533 to SAR 338 = US$90 only and the fee for multiple entries visa 180, 365 and 730 days is cut down to SAR=675 = US$180.
Saudi Arabia’s plan to start the world’s largest solar power project also brings many other large-scale items. It is a 100 times larger than any other solar project proposed in the world. largest utility-scale #battery What the experts say about storage batteries in solar panel projects The solar panels can produce a lot [...]
Saudi announced plans to build an entirely new city called “NEOM” on Saudi Arabia’s Red Sea coast, the latest mega-project in his drive to remake the kingdom in a time of dwindling resources.
Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday
Saudi Arabia’s far-reaching long-term development plan, Vision 2030, takes center stage in a new report just produced by Oxford Business Group (OBG). The Report: Saudi Arabia 2016 provides in-depth analysis of the Kingdom’s ambitious plans to boost non-hydrocarbons growth, modernize the public sector and attract higher levels of foreign investment. Targets include raising non-oil [...]
Saudi CMA will implement plans to allow foreign investors to own larger stakes in Saudi listed companies as early as the end of September 2016, ahead of the original timeline of June 2017. Other regulatory change includes lowering the required threshold for foreign institutions to invest in the Saudi stock market by reducing the value of assets they are required to manage. These moves are in preparation for the Saudi government’s planned public listing of 5 percent of Saudi Aramco on global stock exchanges.
Travel, tourism and hospitality is expected to record one of the highest rates of growth over the next decade, expanding by a compound annual growth rate of 11% between 2014 and 2030, second only to advanced manufacturing.
Saudi Cabinet approved rules “for foreign companies to invest in (the) wholesale and retail trade sector with 100 percent ownership.” The previous foreign direct investment limit was 75 percent. The decision is in line with the Vision 2030 plan.
Saudi Arabia accounted for 45 percent of Dubai's total trade within the region, the Dubai Chamber of Commerce and Industry said in a statement. The emirate's trade within the region is witnessing a higher pace of growth, according to the report.