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  • Saudi Arabia extends waiver on expat fees for industrial sector employees

    The minister said the waiver has been instrumental in transforming the industrial landscape of Saudi Arabia. Since its inception, the number of industrial establishments has surged from 8,822 to 11,868 by April 2024. This substantial increase reflects the sector’s expansion and the positive impact of the government’s financial incentives, he added.

  • Saudi Aramco and Kaust to invest $100m in R&D

    Saudi Aramco, the world’s largest oil producer, and King Abdullah University of Science and Technology (Kaust) are to invest $100 million in research and development projects. The 10-year investment will support projects focused on energy transition, sustainability, materials innovation, upstream technologies and digital solutions, aiming for both environmental and commercial benefits.

  • AP Race Launch Swimming Academy In Saudi Arabia

    AP Race, a brand co-founded and built by three-time Olympic champion Adam Peaty that includes clinics and events, has launched a swimming academy in Saudi Arabia. Peaty and Ed Baxter founded the AP brand which has been delivering race clinics since 2019 and for the last two years have staged the AP Race London International at the Aquatics Centre, a three-day meet which features international and domestic swimmers through to grassroots initiatives.

  • Saudi Wealth Fund Pumps More Cash Into Two Struggling Startups

    In most cases, these projects have been key to the oil-rich region’s diversification push, meaning the sovereign wealth funds might not be solely focused on the dollars-and-cents aspect of their return on investment. But even on that front, some investors have started to focus on ensuring they’re not throwing good money after bad.

  • Saudi Business Center Launches 2nd Phase’s QR-Code

    The Saudi Business Center (SBC) has launched the 2nd phase of Unified QR-Code service to boost the attractiveness of the business environment in the Kingdom, reported the Saudi Press Agency (SPA). The current phase includes 120 licenses linked to the QR-Code document affiliated with nine government agencies. As part of a promising initiative launched by the SBC last January, the 2nd phase allows businesses to consolidate all licenses and certificates from concerned government partners into a single online document.

  • Saudi Arabia boosts FDI landscape with new investment law updates

    Saudi Arabia’s Council of Ministers has recently approved the updated investment law, building on previous reforms under Vision 2030 and the National Investment Strategy. The Kingdom’s latest investment law updates bring together several existing freedoms and rights and apply them to investors under one unified framework, ensuring greater transparency, flexibility, and confidence for investors.

  • Saudi Arabia’s King Abdulaziz Port enhances connectivity with new shipping service

    Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and China with the introduction of a new shipping service. The General Authority for Ports, also known as Mawani, announced the launch of the “Milaha Gulf Express 2,” or 2-MGX service, operated by Qatari navigation company Milaha.

  • The first-ever retro Pepsi Diner is in Saudi – and it’s anything but ordinary

    Bringing the first-ever experience of its kind to Riyadh, the new diner is a limited collab between PepsiCo and Black Tap. The exclusive experience blends the creativity behind the New York burger joint Black Tap with the flavours of Pepsi to create a modern twist on a classic American diner.

  • Saudi Artist Turns Calligraphy Into Captivating Art With His Stunning Projects

    Based in Riyadh, Al-Sulaimani’s love for calligraffiti started back in school during an Arabic calligraphy class. Captivated by the power of the written word, he started blending this timeless art form with vibrant, graffiti-inspired styles, creating eye-catching and unique masterpieces.

  • Saudi: New Nazaha law stipulates termination of government employee if convicted of corruption

    A government employee shall be terminated from service in the event of conviction of corruption by a court of law. Legal measures will be taken against an employee if he amasses wealth disproportionate to his income. These provisions are included in the new Saudi Oversight and Anti-Corruption Authority (Nazaha) Law, approved by the Council of Ministers on July 23.