SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Business Travel Up as People Skip Zoom for In-Person Meetings

    While it remains to be seen whether the recovery can be sustained—executives may ultimately take fewer business trips than previously once the initial euphoria of a return to travel wears off—the pace of the rebound is shoring up confidence at airlines as they deploy fleets and map out their post-pandemic networks.

  • KSA’s investment law to ‘boost international business over 50%’

    Before the new investment law was announced, official data from the World Bank projected the country’s GDP to reach $820 billion by the end of 2022, in comparison to $700 billion in 2020. However, this recent development, which will see foreign investors enjoy neutral treatment without any discrimination, could see KSA’s business activity spike significantly to shatter the World Bank’s projections.

  • New Saudi law treating foreign and local firms equally to spur business activity  

    Under the new law, both local and foreign investors will be subject to the same sectoral approval requirements for licenses and registration, as well as for approvals or permits for certain economic activities or special economic zones. Sovereign also noted that the new investment law could boost the country’s gross domestic product as more than $936 million in funds was recently announced at the Global Entrepreneurship Congress 2022 to facilitate the access of international companies into Saudi markets.

  • Health sector and business incubators drive innovation in Saudi Arabia

    Alsheikh believed the most current important innovative trends were those that contributed to the transformation of the public health sector, such as lowering healthcare costs, improving patient care quality through the integration of modern technology in communication, diagnosis and treatment using analytical data, and increasing readiness for disease prevention and surveillance.

  • Health sector and business incubators drive innovation in Saudi Arabia

    The Saudi Council of Ministers approved the establishment of the Research, Development, and Innovation Authority in 2010, and the country has risen significantly in the Global Innovation Output Index in recent years. It moved from 85th in 2019 to 77th in 2020 and was 66th in 2021.

  • Business experts offer recipe for Saudi entrepreneurial success

    Made in Saudi seeks to market national goods and services to become the preferred option locally and globally, in cooperation with a group of partners from the public and private sectors. It aims to stimulate national industries and encourage consumers to purchase local goods, while developing and promoting the Kingdom’s exports to global markets.

  • Qatar and Saudi Arabia establish a joint business council

    The complete formation of the Saudi-Qatari Business Council has been officially authorised by The Federation of Saudi Chambers. The council will run from 2022 until 2026, with the goal of enhancing cooperation, trade, and investment between the two countries. The formed committee is dedicated to facilitating and fostering investments between the private sectors in Saudi Arabia and Qatar, according to Hamad Al Showair, Vice-Chairman of the Riyadh Chamber of Commerce and Industry. Al-Showair has also been named as Chairman of the council.

  • Saudi Arabia, Pakistan work on long-term business strategy

    This time, Saudi Aramco will be kicking off “preferred projects” in Pakistan’s oil refinery sector, and the expansion of a decades-old refinery in Karachi is most likely. Next, Saudi investors will receive some exceptional incentives in special economic zones in Pakistan. According to the BOI chairman, several proactive measures have been taken to facilitate investment.

  • Saudi-US Business Council Seeks Boosting Partnership in 4 Sectors

    Abdulqader explained that the Saudi Chambers are working to attract significant US investments, pointing out that there are enormous opportunities for US companies in various sectors that are a priority for the Kingdom and are linked to Vision 2030, such as renewable energy, industry, agriculture, mining, tourism, and entertainment. The head of al-Shorouk Center for Economic Studies, Abdul Rahman Baeshen, explained that the geopolitical and geoeconomic conditions and developments in the world, and their impact on energy markets and supply chains, further deepen the strategy of Saudi-US relations.

  • Saudi Central Bank extends guaranteed financing program for small businesses

    The program is part of the Saudi initiative Kafalah (which means “guarantee” in Arabic) to help small and mid-sized businesses get loans from banks. The reasoning was that smaller enterprises may have difficulties providing sufficient guarantees for repayment to financial institutions. The program guarantees a portion of the funds banks grant to businesses. Kafalah is a partnership between the Saudi Ministry of Finance and private banks, according to the Riyadh-based Al Rajhi Bank.