End of Year – News Update from the Kingdom

Saudi Aramco has discovered four new oil and gas fields in Saudi Arabia, the Minister of Energy Prince Abdulaziz bin Salman announced on Sunday, according to Saudi Press Agency (SPA). In other news, The Saudi Central Bank (SAMA) and the Arab Monetary Fund (AMF) announced the inclusion of the Saudi Riyal as a settlement currency…
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Week 51 – News Update from the Kingdom

Saudi Arabia’s cabinet has approved SR990 billion ($263.89 billion) budget spending for the fiscal 2021 with an estimated revenue of SR849 billion and a deficit of SR141 billion, or 4.9 per cent of the Gross Domestic Product (GDP). The cabinet session was held virtually and chaired by King Salman bin Abdulaziz Al Saud. In other…
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Saudi Arabia 2021 Budget Announced

2021 Budget Announced HM King Salman has approved the Saudi Government’s budget for 2021 and has provided a summary of spending in 2020. All countries around the world have faced an extraordinary, budget-busting year due to the Covid pandemic and of course the Kingdom is no exception but Saudi has also faced extreme volatility in…
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2 Bedroom Duplex Apartments – Special Rate

AEI are pleased to offer a special rate for their spacious fully furnished two bedroom duplex apartments on their compound. At just 150 SAR per person, per night (breakfast, utilities and wifi inlude), why not be a part of a great community whilst you relax and unwind in comfort. For more information, please contact: [email protected]

Week 50 – News Update from the Kingdom

Travelers arriving in the United Kingdom from Saudi Arabia will no longer need to quarantine for 14 days as was previously required due to the coronavirus pandemic. Transport minister Grant Shapps said that Saudi Arabia and Botswana were added to England’s safe travel corridor list. In other news, Aramco and Baker Hughes have announced the…
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Week 49 – News Update from the Kingdom

Saudi Arabia’s Aramco announced on Monday that it would be expanding its flagship program to increase local content, boost supply chains and increase employment opportunities for Saudi citizens. The company noted that the new partnerships will help increase Aramco’s reliability and operational efficiency. In other news, Saudi Arabia’s Public Investment Fund (PIF) is currently in…
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IBG’s Annual (Virtual) Conference

AEI’s international market entry partner, IBG Global, successfully held their Annual (and this year virtual) Conference on Monday, 30th November 2020. Participants from 20 different countries and a 17-hour time-zone spread across them, worked together to discuss how to collaborate and continue supporting market entry opportunities and requirements from all around the globe. The session…
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