Blog
JUN 20, 2022 - BUSINESS PLANS
How to Start your Business in Saudi Arabia
Establish a 100% foreign-owned company in the Kingdom Although Saudi Arabia has been a difficult challenge for companies looking to establish operations there, things have changed in recent years and even more so in recent months. This is because today, the Saudi government openly welcomes investments from foreign firms as part of its Vision 2030 plan, a strategic framework to reduce the Kingdom’s reliance on oil, diversify the economy, and develop a bustling private sector. By opening up the Kingdom to the world and removing many of the barriers that existed, the Saudi government aims to position the country to become a key player on the world stage.
JUN 20, 2022 - INVESTMENT SAUDI ARABIA
How Can I Invest in Saudi Arabia?
In recent years, flows of foreign direct investment (FDI) to Saudi Arabia have followed a downward trend due to slumping oil prices and political factors. However, thanks to recent economic diversification efforts and government backed projects outside of the oil and gas sector such for example ‘Vision 2030’ and the ‘National Transformation Programme—FDI inflows have recovered.
JUN 20, 2022 - BUSINESS PLANS
Saudi Arabia, The Hub of Business Cities
According to United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019, the Kingdom’s FDI went up by more than 120% between 2017 and 2018, reaching a figure of $3.2 billion. Much of this increase is because Saudi Arabia has opened up four major industries to foreign investment: Employment Services, Real Estate, Media services, and Land Transport Services.
JUN 20, 2022 - BUSINESS PLANS
Saudization: What New Saudi Businesses Need to Know
Saudi Arabia, The Hub of Business Cities
The Best Cities for foreign investment in the Kingdom
In the early 2000s, Saudi Arabia saw a significant surge in prosperity due to the rising oil and increased demand for its resources worldwide. Drawing on the country’s abundant natural oil supply, the oil boom launched the Kingdom into becoming one of the most prosperous countries with advanced economies.
To hedge an oil based economy, the Saudi government has set out its Vision 2030 goals. Part of this vision is to develop ‘economic cities’ throughout the Kingdom. These cities will focus on growth through non-oil based private sector businesses, especially considering that this sector is forecasted for incredible growth over the next few years, leading the country’s economic expansion
The Best Cities for foreign investment in the Kingdom
In the early 2000s, Saudi Arabia saw a significant surge in prosperity due to the rising oil and increased demand for its resources worldwide. Drawing on the country’s abundant natural oil supply, the oil boom launched the Kingdom into becoming one of the most prosperous countries with advanced economies.
To hedge an oil based economy, the Saudi government has set out its Vision 2030 goals. Part of this vision is to develop ‘economic cities’ throughout the Kingdom. These cities will focus on growth through non-oil based private sector businesses, especially considering that this sector is forecasted for incredible growth over the next few years, leading the country’s economic expansion