UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
Ministry of Investment – Saudi Arabia
Latest in Ministry of Investment – Saudi Arabia
Ministry of Investment - Saudi Arabia
Saudi Arabia issues 1,238 Premium Residency visas as it looks to attract investors
Saudi Arabia offers premium residency permits to investors, real estate owners and entrepreneurs
mining
Saudi Arabia short-lists 6 companies in the first batch for exploration enablement programme
The programme attracted interest worldwide, with companies proposing innovative exploration ideas that align with the EEP’s objectives
economic outlook
Saudi investments up to 31.3% of GDP, unemployment down to 7.6%
Economic and Investment Monitor shows non-oil and government activities rose by 4.4% and 3.6% respectively in the second quarter
Ministry of Investment - Saudi Arabia
Saudi and UK discuss sport investments as sector tipped to hit $23bn in Kingdom
Saudi Arabia and the UK have held discussions on investments in the sports sectors in the two countries
Goldman Sachs
Goldman Sachs gets license for regional HQ in Saudi Arabia
The New York bank will become the first Wall Street bank to establish its regional headquarters in the Kingdom
Enjaz
Saudi Arabia expands electronic business visit visas to cover all countries
The move is part of its continued efforts to boost foreign investments in the country
France
French-Saudi Investment Forum sees signing of 24 agreements
The agreements covered sectors such as clean energy, hospitality, culture, healthcare manufacturing, military industries, health and education training
Enjaz
Saudi Arabia announces new visit visa for business people
This visa aims to facilitate foreign investors’ exploration of the Saudi Arabia’s flourishing investment landscape
aluminium packaging
UAE’s Hotpack to build SAR1bn production plant in Saudi Arabia
The sustainable packaging plant will be built on a plot of 2.4million square feet over seven years
Invest Saudi
Sports companies ink 14 agreements to set up facilities in Saudi Arabia
New partnerships include agreements with Sportscar manufacturer BAC Cars and VeloceLife to launch a leading manufacturing facility of BAC sports cars in Saudi Arabia
business opportunities in riyadh
Saudi Arabia reveals tax-free rules in major announcement
Multinational companies are exempt from taxes, provided they relocated their regional headquarters to Saudi Arabia this year
bilateral cooperation
Saudi, Chinese companies sign 34 investment deals on the sides of Xi Jinping’s visit
The agreements covered several sectors in the fields of green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation and logistics
Artemis Accords
Saudi Arabia, US businesses sign 13 deals during Joe Biden visit
The business-to-business and government-to-business deals cover eight “promising sectors,” the Ministry of Investment of Saudi Arabia said
automotive industry
Construction starts on Lucid’s first electric vehicle factory in Saudi Arabia with investments of $3.4 billion
Once complete, the manufacturing facility will build up to 155,000 electric vehicles, which are initially slated for the Saudi Arabian market, with Middle East regional deliveries of Lucid Air expected to begin later this year
Cartlow
Saudi Arabia Ministry issues new start-up licenses to drive investments worth $162 million into the kingdom
Saudi Arabia’s Ministry of Investment says licenses are evidence of the kingdom’s burgeoning start-up and venture capital ecosystem
foreign investment
Retail sector continues to dominate foreign investment licences issued in Saudi Arabia
Saudi Arabia’s Ministry of Investment reveals 347.9% annual increase in licences in H2 2021