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  • Seizing Opportunities in Saudi Arabia’s Thriving Business Landscape

    Saudi Arabia's free zones have played a pivotal role in attracting foreign investment and fostering economic growth. These zones offer numerous benefits, including tax exemptions, streamlined regulations, and access to a skilled workforce.

  • Saudi commerce minister leads delegation to Korea

    Trade ties in light of the free trade agreement between the Gulf Cooperation Council and South Korea were discussed when a leading Saudi minister met the East Asian country’s prime minister.  As part of his three-day visit to the republic, Saudi Minister of Commerce Majid Al-Qasabi held talks with Han Duck-soo in Seoul. An FTA between South Korea and the GCC was signed in December 2023, with the East Asian nation agreeing to remove tariffs on almost 90 percent of all items, including liquefied natural gas and other petroleum products.

  • Kuwait’s Big New Offshore Oil Find

    Unlike its prolific onshore, Kuwait’s offshore had long been a desert for oil and gas. Now the country has changed that, reporting a large discovery at the Al-Nokhatha field, named for the captain of a dhow, the traditional Gulf ship. How useful is this for the country, and does it herald a turnaround in Kuwaiti petroleum?

  • Turkish-Saudi Normalization Grows Under Security Umbrella

    Saudi Arabia’s burgeoning political and defense cooperation with Turkey has attracted significant attention, especially following visits by these top Saudi officials, which have paved the way for the signing of key cooperation agreements. Turkish policymakers have hailed the pace of advancements in relations with Saudi Arabia, stating that 2024 could be a “golden year” in Turkish-Saudi economic ties. Beyond the aspirations of policymakers from both countries, evolving regional dynamics are providing critical support for the development of closer Turkish-Saudi relations.

  • Israel-Lebanon facing highest risk since October 2023

    Lebanon and Israel are bracing for the highest risk of full-scale war since October 2023. This latest escalation was triggered by a rocket attack on the Arab Druze village of Majdal Shams in the Israeli-occupied Golan Heights on Saturday, July 27 that killed 12 young people. Israel launched a number of airstrikes on Hezbollah targets on Saturday night, but the Israeli security cabinet met Sunday afternoon, after Prime Minister Benjamin Netanyahu’s return from the US, to decide on further targets to be hit in Lebanon.

  • Saudi Commerce Minister Leads Delegation to Boost Trade with Korea

    Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi arrived in Seoul today, leading a Saudi delegation on a three-day visit to bolster trade ties with the Republic of Korea. The delegation, comprising officials from 10 government agencies and 55 business leaders from major national companies, aims to reinforce economic partnerships and participate in the Saudi-Korean Business Forum.

  • Discover Saudi Arabia’s new UNESCO World Heritage Site

    Al-Faw can be found in Wadi Ad-Dawasir, which is between the Empty Quarter and Tuwaiq mountain range. The area was a strategic point for ancient trading routes. Archaeologists have found that it was abandoned around the fifth century CE. Plus, it has been occupied by three different populations. Archaeologists have found approximately 12,000 remains. The items include the Palaeolithic and Neolithic tools. Plus, there are signs of rock carvings and an ancient water management system.

  • Saudi Arabia gives a green light to King Abdulaziz Park

    Located in North Riyadh, not too far from the King Khalid International Airport, King Abdulaziz Park promises to be a highlight of Saudi Arabia’s green transformation. The park will span 4.3 million square metres, making it one of the largest in the city. It will feature six themed gardens, each showcasing diverse plant species that aim to also attract birds, butterflies and other creatures.

  • Mega Projects Enhance Growth of Saudi Arabia’s Facilities Management

    Mega Saudi projects have contributed to increasing the volume of facilities management investments, which are expected to exceed $60 billion during 2030. Facilities management is defined as a comprehensive field that brings together the workplace (buildings and facilities), its workforce, and system operations. It aims to ensure smooth workflow, improve the efficiency of using facilities, and create a safe and comfortable work environment. The sector covers a wide range of services, including hard services such as mechanical and electrical maintenance, fire safety, and maintenance of building systems and equipment, and soft services such as cleaning, recycling, pest and infection control, floor maintenance and waste disposal.

  • King Salman Stadium in Riyadh to open in 2029

    The King Salman Stadium in Riyadh – planned to be one of the world’s largest sports arenas – will be ready in the fourth quarter of 2029, as the kingdom continues its investments in the sports sector. The stadium will serve as the Saudi national team’s main headquarters, the state-owned Saudi Press Agency reported, quoting a statement from the Royal Commission for Riyadh City and the Ministry of Sport.