Saudi Vision 2030 mapped out on a sector-by-sector basis

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 [...]

By |2016-11-10T03:25:12+03:00November 10th, 2016|

Saudi expedites plans to relax foreign investment restrictions

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.

By |2016-11-06T08:52:19+03:00August 3rd, 2016|

Saudi opens retail sector to 100% foreign ownership

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.

By |2016-11-06T11:50:32+03:00June 21st, 2016|

Kingdom is Dubai’s top GCC non-oil trade partner

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.

By |2016-11-06T11:49:59+03:00June 21st, 2016|
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