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  • Shipping
    Saudi Arabia activates shipping line with Iraq

    The port’s administration, the newspaper said, aims at turning Dammam Port into a logistic terminal for massive ships using that direct maritime line.

  • Water
    Saudi Arabia water: Riyadh is turning to the private sector to fund projects

    Riyadh is turning to the private sector to meet the growing demand for wastewater and potable water infrastructure Saudi Arabia’s water sector has undergone numerous changes in recent years, with the establishment of a new water ministry and numerous privatisation initiatives launched under Saudi Vision 2030.

  • Women’s Security Training Institute
    Saudi Arabia grants women right to serve as privates at security institute

    The Riyadh-based college specialises in training and educating students in security and military fields. Many of its graduates typically find jobs in government ministries such as the interior, civil defense, immigration and the police forces.

  • VAT
    Impact of VAT in Saudi Arabia, UAE, one year on

    Early data suggests that the inflationary impact of the value-added tax (VAT) in both Saudi Arabia and the UAE has largely been contained, according to the most recent PwC Middle East Economy Watch. Richard Boxshall, senior economist at PwC Middle East, writing in the report, said the impact of VAT in Saudi Arabia was “limited”, mainly because it raised more revenue than was initially expected.

  • Privatization
    Saudi Arabia’s $10bn privatization push gears up

    Saudi Arabia’s privatization push is set to shift gear this year with plans to raise as much as $10 billion through state assets sales by 2020, according to a new report.

  • Saudi Workforce
    Saudi Arabia to partly pay private sector salaries of selected nationals

    The programme aims to support the employment of jobless Saudi graduates, nationals in towns and villages with low population density, Saudi women and special needs individuals. The hiring will also support small and medium sized enterprises.

  • VAT
    Lower VAT threshold to increase taxpayer base in Saudi Arabia

    The reduction of the value-added tax (VAT) registration threshold to SR375,000 from January 1, 2019, will increase the taxpayer base by 150,000, estimates KPMG Al Fozan & Partners, the leading provider of audit, tax and advisory services in Saudi Arabia

  • Privatization
    Saudi Arabia to hire HSBC banker to lead $11bn privatisation plans

    Saudi Arabia hired HSBC Holdings Plc banker Rayyan Nagadi to set up a privatisation unit at the ministry of finance as the kingdom forges ahead with plans to sell state assets, people familiar with the matter said.

  • Saudi Football
    Saudi Arabia may need extra time to privatize soccer clubs

    Sport is one of the pillars of the government’s Vision 2030 goal to raise living standards and diversify the economy beyond oil exports, while the privatization of soccer clubs has been earmarked as an early candidate in a drive to privatize state-linked assets.

  • Privatization
    Saudi Arabia said to privatize six water projects in 2019

    One was awarded this week, three are in various stages of tender process and three more will be offered to investors next year, it said.