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  • SDAIA amends regulation for transferring personal data to outside Saudi Arabia

    The Saudi Data and Artificial Intelligence Authority (SDAIA) announced that amendments have been made to the regulation for transferring personal data to outside the Kingdom. This is aimed at clarifying the detailed provisions and procedures related to transferring personal data to outside the Kingdom in a way that ensures the availability of an appropriate level of protection for personal data and the privacy of its owners in other countries. This is in view of the fact that SDAIA is the competent authority supervising the implementation of the provisions of the law and regulations.

  • Saudi Arabia seeks Chinese tech as it reinvents itself as car and automation hub

    Key meetings in Guangzhou, capital of the southern Chinese province of Guangdong, will include discussions with GAC Group, a major electric vehicle (EV) maker, as well as lithium battery producer General Lithium and communication tech giant Huawei, the statement said.

  • Saudi Arabia Launches a $266 Million Boulevard Business Park in Riyadh

    The Boulevard Business Park, unveiled by the General Entertainment Authority (GEA), is a visionary development within the Boulevard City and is designed to uplift Riyadh’s artistic and entrepreneurial landscape even further and propel Saudi Arabia’s flourishing creative economy. With an investment of over $266 million (SAR 1 billion), this pioneering project represents the first phase of an ambitious urban revitalization plan for the Boulevard District.

  • Saudi Arabia to Embark on Exceptional Visit to East Asia, Seeks Automotive Technology Localization

    Saudi Arabia is currently preparing for a high-profile economic visit to East Asia, under the leadership of Minister of Industry and Mineral Resources, Bandar AlKhorayef, from Sep. 1 to 8, 2024, reported the Saudi Press Agency (SPA).

  • Saudi Arabia’s GOSI extends fine exemption for businesses

    Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts, the Saudi Press Agency reported on Saturday. It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and improve customer satisfaction. With a 100 percent exemption rate, subscription amounts due to GOSI must be paid through Taminaty Business.

  • Saudi Arabia’s digital bank ‘D360’ to launch tomorrow

    D360, a digital bank, is scheduled to be officially launched in Saudi Arabia on Sept. 3, on the sidelines of the 24 Fintech conference in Riyadh, which will run from Sept. 3 to 5, according to Al Eqtisadiah newspaper. In February 2022, the Saudi Cabinet approved the Minister of Finance, Mohammed Al-Jadaan, to issue a license to the local digital bank - D360 Bank (under established) – in line with Article No. 3 of the Banking Control Law, data compiled by Argaam showed

  • Saudi Arabia expands industrial ties with China and Singapore to drive automotive technology localization

    Key stops in China, including Guangzhou and Hong Kong, will involve discussions with major players such as GAC Group, General Lithium, and Huawei. The delegation will also engage with Hong Kong’s top industrial leaders and visit Hutchison Ports, Cyberport, and Johnson Electric. In Singapore, the delegation will meet with key government figures, including the Deputy Prime Minister and the Minister of Trade and Industry, and explore opportunities at Tuas Port, the world's largest automated port. Meetings with A*STAR and the Singapore Manufacturing Federation will further highlight Saudi Arabia’s commitment to integrating advanced technology and automation in its industrial sectors.

  • Saudi Arabia to host Multilateral Industrial Policy Forum, bolstering its Global Leadership Position

    Saudi Arabia, in partnership with the United Nations Industrial Development Organization (UNIDO), will host the Multilateral Industrial Policy Forum (MIPF) in October, underscoring the Kingdom's significant industrial transformation, in line with Vision 2030, and aiming to expand the Saudi industrial base and solidify its position as a leading global industrial center. Organized by the Ministry of Industry and Mineral Resources in Riyadh, the forum is yet another substantial industrial development initiatives the Kingdom relentlessly takes.

  • Ivan Toney leaves Brentford to join Al-Ahli in Saudi Arabia

    The striker will join Al-Ahli after the Saudi club agreed to pay Brentford a transfer fee reported to be $52 million. The Saudi Pro League had been quiet this summer — in contrast to big spending a year ago — but lured the England international away amid reported interest from Premier League clubs.

  • Torrential rains trigger urban flooding in Saudi Arabia

    Saudi Arabia was struck by thunderstorms and flash flooding on most of its Red Sea on Friday with footages on social media showing roads inundated and cars stranded in floodwater, according to The National. The rains are expected to last until Tuesday prompting the directorate to urge the citizens to remain on alert and adhere to safety guidelines issued through media as per the Saudi Gazette.