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  • Society
    Even Saudi Arabia’s Most Conservative Heartland Is Starting to Sing

    Change is inching forward even in Qassim province, an important testing ground for Mohammed bin Salman’s drive to liberalize the kingdom.

  • Privatization
    Saudi Arabia-owned flour mills start bidding process to go private

    Saudi Arabia’s state grain buyer SAGO said it will start the next phase of the sale of its flour mills on Wednesday, which will see pre-qualified bidders perform due diligence and present financial offers. The sale is one of the first privatizations the kingdom is planning as part of a wide-reaching overhaul of its economy.

  • Transportation
    Westminster Group PLC sets up joint venture to capitalize as Saudi Arabia privatizes transport infrastructure

    Through its Saudi Vision 2030 Privatisation Programme,  the Kingdom has committed to unlock the value in its state assets through privatisation, build-operate contracts and outsourcing in a programme that includes its ports and airports.

  • Conservation
    Saudi Arabia’s al-Ula to invest $20 million in world leopard conservation

    Saudi Arabia’s Royal Commission for al-Ula (RCU) commits to investing $20 million over 10 years in order to aid world conservation of the leopard and revitalize the population of the Arabian leopard, which is indigenous to al-Ula.

  • VAT
    E-cigarettes & sugary drinks are now subject to VAT in Saudi Arabia

    In a decision that expands Saudi Arabia's 2017 "sin taxes," the country recently announced a new excise levy on electronic cigarettes and sweetened drinks, Al Arabiya reported. The latest decision came into effect on Saturday after it was announced by the kingdom's General Authority of Zakat and Tax (GAZT) on May 15. The authority said a 100 percent tax will be imposed on e-cigarettes and related products, and a 50 percent tax on sugary drinks.

  • Red Sea Beaches
    Saudi Arabia Seeks Private Money to Transform Red Sea Beaches

    Saudi Arabia is seeking private sector investment to turn an archipelago, desert and mountains -- an area about the size of Belgium -- on its Red Sea coast into a global tourism destination. The oil-rich kingdom’s sovereign wealth fund has committed financing for the project’s first phase, while the Red Sea Development Co. is in talks with banks to raise debt, according to the head of the firm managing the process. The project will cover 90 islands and 28,000 square kilometers (10,810 square miles), according to the company website.

  • Red Sea Project
    Saudi Arabia Seeks Private Money to Transform Red Sea Beaches

    The first phase of the Red Sea project, due to be to be completed in 2022, will include 14 hotels and a commercial airport. The development is expected to be fully completed by 2030.

  • VAT
    Would a VAT rise put Saudi Arabia’s good economic work at risk?

    Essentially, the economic strategists of Saudi Arabia have to weigh whether now would be the right time to raise VAT. Would the fiscal benefits of an increase outweigh the potential economic downside?

  • Economy
    Why Saudi Arabia is investing in innovation

    Dr Hayat Sindi, the first Saudi and female scientist to become a UNESCO goodwill ambassador for sciences, says it’s important to cultivate among youth

  • Economy
    Saudi Arabia’s non-oil private sector posts strong growth

    The Saudi Arabia Purchasing Managers’ Index (PMI) climbed to 56.8 in March, from February’s 56.6. The latest reading was the highest since December 2017 and indicated one of the strongest growth performances over the past three-and-a-half years.