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  • Saudi’s $1.9bn ‘Port of NEOM’ open for business at Oxagon

    NEOM has announced that the primary northwest seaport, previously known as Duba Port, has been officially renamed the Port of NEOM. Following the transfer of the port from Mawani to NEOM in 2022, significant enhancements have been made to accommodate the increasing volume of cargo entering NEOM, including handling containers and general cargo.

  • Saudi non-oil business activity surges in April, boosted by new orders

    Saudi Arabia's non-oil business activity accelerated sharply in April, a monthly survey showed, boosted by an increase in new business fuelled primarily by domestic demand. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index jumped to 59.6 in April from 58.7 in March, firmly over the 50 mark separating growth from contraction, and only slightly below the eight-year high recorded in February.

  • Saudi SMEs: 166% business boost amid $4.8bn funding drive

    There are now more than 1.14m SMEs in the country and it is becoming recognised as a major hub for businesses. Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) has developed 23 initiatives related to seven of the Saudi Vision 2030 strategic objectives through five of its programmes

  • Saudi Arabia 1 Year Visas: Work Visa, Tourist Visa, Business Visa, Personal Visit Visa, Student Visa & More

    Whether you’re planning to visit the Kingdom of Saudi Arabia to work or study, there are various visa options depending on the purpose and duration of your stay. The following visas have 1-year validity for the convenience of foreigners wishing to enter Saudi Arabia.

  • What Oracle’s cloud expansion means for businesses in the Middle East

    To meet the rapidly growing demand for its cloud services, Oracle has announced plans to open a third public cloud region in Saudi Arabia. Located in Riyadh, the new cloud region will be part of a planned $1.5 billion USD investment from Oracle to expand cloud infrastructure capabilities in the Kingdom. The new region in Riyadh will join Oracle’s existing cloud region in Jeddah and a planned Oracle cloud region in the new city of NEOM. Oracle will also expand the capacity of the Jeddah region, which opened in 2020.

  • Micro, small, and medium businesses in Saudi Arabia receive $61.4bn credit facilities in 2022

    Credit facilities given to micro, small, and medium enterprises in Saudi Arabia hit SR229.3 billion ($61.4 billion) in 2022, up 13 percent on the previous 12 months, official figures showed. Data released by Saudi Central Bank, also known as SAMA, revealed that banks accounted for credit facilities worth SR213.2 billion, or 93 percent of the total financing. The remaining 7 percent –  SR16.1 billion – was provided by financial institutions.

  • Micro, small, and medium businesses in Saudi Arabia receive $61.4bn credit facilities in 2022

    Credit facilities given to micro, small, and medium enterprises in Saudi Arabia hit SR229.3 billion ($61.4 billion) in 2022, up 13 percent on the previous 12 months, official figures showed. Data released by Saudi Central Bank, also known as SAMA, revealed that banks accounted for credit facilities worth SR213.2 billion, or 93 percent of the total financing. The remaining 7 percent –  SR16.1 billion – was provided by financial institutions.

  • Finalised Saudi data protection law reforms should spur business action

    The PDPL amendments, recently implemented by Saudi Arabia Royal Decree No. M/148 dated 5/9/1444 H approving Council of Ministers Resolution No. (604) dated 29/8/1444 H, confirm that the PDPL will come into force on 14 September 2023. Businesses will have one year from that date to comply with the updated legislation.

  • Celebrating Saudi Arabia’s top business leaders

    The business landscape in Saudi Arabia is rapidly evolving, and this book aims to showcase the leaders who are shaping and driving this transformation. From entrepreneurs and CEOs to policymakers and thought leaders, the individuals featured in this book come from a diverse range of industries and backgrounds, but share a common goal: to create a prosperous and sustainable future for Saudi Arabia.

  • Celebrating Saudi Arabia’s top business leaders

    The business landscape in Saudi Arabia is rapidly evolving, and this book aims to showcase the leaders who are shaping and driving this transformation. From entrepreneurs and CEOs to policymakers and thought leaders, the individuals featured in this book come from a diverse range of industries and backgrounds, but share a common goal: to create a prosperous and sustainable future for Saudi Arabia.