MUST-READS

• Saudi Arabia welcomes convening of Syria’s national dialogue conference

  Saudi Arabia on Tuesday welcomed the convening of Syria’s national dialogue conference, expressing hope that it would help fulfill the aspirations of the Syrian people and strengthen national unity. In a statement carried by state news agency SPA, the Saudi foreign ministry emphasized the Kingdom’s support for rebuilding Syrian state institutions and achieving stability and prosperity for its citizens. The statement also reaffirmed Saudi Arabia’s “steadfast position in support of Syria’s security, stability, sovereignty, and territorial integrity.”

• Saudi Arabia hosts 15 million expatriates with full rights protection: HRC chief

  Addressing a high-level segment of the 58^th session of the UN Human Rights Council in Geneva, Dr. Hala Al-Tuwaijri, president of the Human Rights Commission and head of the Saudi delegation, called for rejecting any attempts to undermine Item 7 of the Council's agenda items referring to "Human rights situation in Palestine and other Occupied Arab Territories", and activating it until an independent Palestinian state is established on the 1967 borders with East Jerusalem as its capital.

• Saudi Arabia pledges $500 million to support global polio eradication efforts

  An agreement was signed to help the Global Polio Eradication Initiative, and its partners vaccinate 370 million children against polio each year and stop transmission of the virus for good. Funding was initially pledged in April 2024 at the first special meeting of the World Economic Forum (WEF), hosted in Riyadh. “The world is on track to eradicate polio once and for all, and Saudi Arabia is proud to be part of this global initiative,” said Dr. Al Rabeeah. “Saudi Arabia’s contribution will go toward the important work of protecting today’s most vulnerable children so that tomorrow’s generations can live free from this preventable disease.”

• Saudi Arabia launches first aircraft industrial zone in Jeddah

  Saudi Arabia launched today, Feb. 24, the first industrial zone for aircraft manufacturing and maintenance in Jeddah during the Aerospace Connect Forum currently held in Jeddah. The first industrial licence for aircraft maintenance was awarded to Middle East Aircraft Engines Co., while the second licence was received by Saudia Aerospace Engineering Industries (SAEI). Several MoUs were also signed during the event, including one between the National Center for Industrial Development and Cluster 2 Co. to provide spaces within airports to establish specialized centers for aircraft maintenance, contributing to boosting national industrial capabilities and development.

• Saudi Arabia poised to lead in AI, aims for double returns: PIF Governor

  Al-Rumayyan said that the fund worked to develop the Saudi economy by establishing 103 diverse companies operating in 13 different sectors, both locally and internationally. Since its 2017 strategy launch, the fund has generated over 1.1 million direct and indirect jobs globally, prioritizing quality over quantity of jobs, to promote sustainable development.  He went on to say that the PIF invests heavily in new projects, injecting between $40 and $50 billion annually. This substantial investment demonstrates the fund's dedication to economic diversification.

• Saudi Arabia Fashion Market Report 2025: Cultural Shifts, Changing Attitudes, & Rise of Modest Fashion Influence on the $5.7 Billion Industry

  The Saudi Arabia Fashion Market was valued at USD 4.25 Billion in 2024, and is expected to reach USD 5.70 Billion by 2030, rising at a CAGR of 5.07%. The Saudi Arabian fashion market is witnessing significant growth, fueled by changing consumer preferences and a younger, fashion-conscious population. As the country diversifies its economy through Vision 2030, fashion and retail sectors have become pivotal to its development. International brands are increasingly entering the market, while local designers are gaining recognition. E-commerce is rapidly expanding, offering consumers more convenience and a broader range of choices.

• Inside Saudi Arabia’s THE LINE: First look reveals the NEOM city rising from desert

  In an exclusive first-ever media tour of Saudi Arabia’s ambitious THE LINE project, Al Arabiya English witnessed firsthand the massive construction underway at one of the world’s most revolutionary urban developments. It’s at the heart of the NEOM project – backed by the Kingdom’s Public Investment Fund (PIF) – where senior officials addressed speculation about scaling back the project, emphasizing that it remains on track. At the Phase 1 construction site – due for completion by 2034 – there is a hive of activity – and noise – as hundreds of cranes and about a 10,000-strong workforce – including thousands of construction workers – lay the groundwork for what will eventually become a 170-kilometer linear city. The scene marks the first tangible evidence of Saudi Arabia’s ambitious vision taking shape. To date, more than 130 million cubic meters of soil have been moved – enough to fill New York’s Central Park to a depth of 30 meters. At peak activity, the site has utilized up to 4,000 trucks and more than 500 excavators working simultaneously.]

• Tax Considerations for Individuals and Investors Based in Saudi Arabia

  Saudi Arabia offers a tax-friendly environment with no personal income tax, inheritance tax, or wealth tax for individuals. Key taxes applicable to individuals include VAT, social insurance contributions, and Zakat, while various wealth management structures, including trusts and investment companies, offer tax advantages. One of the key advantages of Saudi Arabia’s tax system for private clients is the complete absence of capital gains tax on individuals. Whether derived from the sale of stocks, real estate, or other investments, individuals are not subject to taxation on their capital gains. This policy makes Saudi Arabia an attractive jurisdiction for investors, as it allows for tax-free accumulation of wealth through asset appreciation.

• Saudi Arabia’s new family law: Key marriage, custody and privacy reforms explained

  The 41-article regulation, which took effect on Friday, marks a significant step in the kingdom’s ongoing legal reforms, reinforcing women’s rights, marital laws, and child custody provisions in line with broader judicial modernisation efforts. Under the new rules, unapproved marriage contracts will now be subject to a structured review, led by the Minister of Justice and other authorities. The ministry has also been granted authority to introduce additional regulations as needed based on evolving judicial applications. The Personal Status Law is one of four key legal frameworks announced by the Crown Prince in February 2021, alongside the Civil Transactions Law, Penal Code for Discretionary Sanctions, and Law of Evidence. Together, these reforms enhance judicial transparency, expand individual rights, and bring Saudi Arabia's legal system closer to international standards.

• Infographic: 10 reasons why you should move to Saudi Arabia

  Many expats overlook Saudi Arabia as an emerging digital hub and a fantastic place to build their career. However, aside from great career opportunities, there are many lifestyle reasons why digital professionals are opting for a career in Saudi Arabia. The economy has been rapidly liberalising which has unleashed huge potential, it sports a deep and varied history and a low cost of living combined with tax-free incomes. As Saudi Arabia is on a race to become the next big tech hub, many international companies also have offices in Saudi Arabia, including BlackRock,  Amazon, Morgan Stanley, and PwC. We support many international companies, national governments and local businesses as they digitize their operations, and find that professionals places in Saudi Arabia quickly fall in love with the country.

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