Saudi Arabia has launched an instant labour visa service available through the Ministry of Labour and Social Development’s qiwa portal. It allows private sector firms which have reached a higher percentage of Saudisation and comply fully with the ministry’s regulations to obtain a visa immediately, without having to go through the usual recruitment process, which can take up to eight months. In other news, Saudi Aramco, the state-owned Saudi oil giant, has invited international banks to send proposals as part of the re-initiation of the IPO. The IPO is expected to take place between 2020 and early 2021.
To read more about this and more of this week’s news from the Kingdom of Saudi Arabia, click here.
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