Analysis

Vision 2030 Marks 8th Year Since Launch

• SUSTG Team
• |
• 4. 26. 2024

Launched on April 25, 2016, Vision 2030, Saudi Arabia's blueprint for economic and social transformation marks it 8th year and the halfway point between 2016 and 2030.

• 

  IMF Launches New Regional Office in Saudi Arabia

  SUSTG Team  |  4. 25. 2024

  The goal of the new office is to strengthen the IMF's collaboration with governments and institutions in the Middle East including promoting economic stability, growth, and regional integration. It also underscores the growing economic importance of the region.

• 

  Saudi’s Regional Headquarters Program Moves Forward

  SUSTG Team  |  4. 24. 2024

  In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023.

• 

  EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens

  SUSTG Team  |  4. 23. 2024

  The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.

• 

  Global Defense Spending Spikes in 2023

  SUSTG Team  |  4. 22. 2024

  According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.

• IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report

  SUSTG Team  |  4. 19. 2024

• 

  Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets

  SUSTG Team  |  4. 19. 2024

  In 2016 Saudi Arabia's Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023, targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.

• 

  Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report

  SUSTG Team  |  4. 18. 2024

• 

  Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index

  SUSTG Team  |  4. 16. 2024

  Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.

• 

  Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack

  SUSTG Team  |  4. 16. 2024

  Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.