Other Briefings
Riyadh Only Arab City to Rank on Savills Latest Growth Hubs Index
Saudi Arabia’s capital Riyadh is projected to be among the top 15 fastest-growing cities by 2033, fueled by a 26 percent population increase, sustained government infrastructure spending, and attractive fiscal policies.
Saudi Arabia Introduces Penalties for Overstay of Visit Visa Holders
The recent visa reforms and regulations put forward by Saudi Arabia are part of its Vision 2030 initiative, aiming to diversify the economy, attract talents, promote tourism, lessen oil dependency, and globalize the kingdom in an orderly manner.
Saudi Arabia Introduces New Duty-Free Regulations in Arrival Lounges
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has introduced new regulations for duty-free markets in arrival lounges, aimed at enhancing the travel retail sector.
China and Saudi Arabia Collaborate on Energy Transition
China and Saudi Arabia are collaborating to accelerate the energy transition towards renewable sources, marking a strategic move towards sustainability and economic diversification.
Saudi Arabia Directs Enterprises to Submit VAT Returns for March and Q1 2024
As Saudi Arabia’s tax regulator reminds businesses to file their VAT returns on time, we take note of key timelines and the filing mechanism.
Saudi Arabia Gives Status Update on NEOM Projects, Downsizes Area Under ‘The Line’ to 2.4KM
NEOM, Saudi Arabia’s urban megaproject, has revised its development plans for its futuristic city, ‘The Line’ amidst funding challenges. However, the kingdom remains focused on executing other development projects under NEOM, and shared key targets and timelines.
Eid Al Fitr Holiday Schedule for the Private Sector in GCC Countries
Employees in GCC countries will enjoy a long break for Eid festivities in the week of April 8-13. Eid Al Fitr will likely fall on April 10, depending on the local moon sighting.
Saudi Arabia’s US$40 Billion AI Fund: Outlook and Opportunities
Saudi Arabia’s government is planning to establish a US$40 billion fund dedicated to AI investment, signaling a strategic move to diversify its economy and solidify its position as a dominant force in the Middle East’s AI landscape.
Saudi Arabia Registers New Heights on the 2023 Global Retail Development Index
Saudi Arabia ranked the third position on the 2023 Global Retail Development Index. We discuss factors underpinning this impressive performance.
Indian Firms Explore Opportunities in Saudi Arabia’s Pharmaceutical Market
Indian pharmaceutical companies are actively exploring opportunities in the US$8.9 billion Saudi Arabia pharmaceutical market.
