Week 29 – News Update from the Kingdom

Saudi food and beverage giant Almarai has seen a 12% drop in Q2 profits reportedly due to high expenses and financing costs. This development also coincides with the removal of government subsidies and may have been affected by the implementation of VAT. OPEC+ has agreed to extend oil production cuts until the end of Q1…
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Week 28: News Update from the Kingdom

Saudi Aramco recently held talks with a select group of investment banks to discuss potential roles during a restart of preparations for an IPO of Saudi Aramco after it was shelved last year. Princess Reema Bint Bandar has assumed her post as the Saudi ambassador to the US, the first woman in the Kingdom’s history…
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Week 27: News Update from the Kingdom

During the G20 Summit in Osaka, Japan, Crown Prince Mohammed bin Salman last week agreed a deal with Russia’s President Putin to extend the OPEC oil output cut by a further six to nine months. Oil prices jumped by more than 2% in response. In other news, the first commercial flight has departed from the…
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Week 26: News Update from the Kingdom

The long-anticipated acquisition of AEC by the Public Investment Fund has now completed and was marked by a signing ceremony in London. It appears that 100% of the shares have been acquired by the PIF from BAE Systems and their partners, who have owned AEC for over a decade. This is the first major acquisition…
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Opportunity Arabia – Oil and Beyond!

The Opportunity Arabia – Oil and Beyond Conference is returning once again as the must attend event of the 2019 UK-Saudi bilateral events calendar. The event will be taking place from 12:00-18:00 GMT on the 30th October at The Grocers’ Hall on Princes Street in London. Bringing together government and business leaders, the event aims…
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AEI’s Annual Iftar!

The holy month of Ramadan normally sees a slow-down in the Kingdom as dawn to dusk fasting takes place. In 2019 however, this has not been the case for AEI! The company has been working harder than ever and growing day by day, with the opening months of this year bringing some of our most…
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IBG Global Newsletter

The IBG Global is an association of market entry consulting firms from across the globe with each company representing their geographical location from offices in a total of 53 countries. AEI Saudi is delighted to announce that we have joined the association and we look forward to working with the group to support international enquiries…
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‘Doing Business in Saudi Arabia Guide’ launch – Press Release

The Doing Business in Saudi Arabia Guide has been produced by the Institute of Export in partnership with AEI to provide you with a manual of the best practices to tackle the Saudi market. For more information and a link to the online guide itself please see below. The ‘Doing Business in Saudi Arabia Guide’…
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Saudi Mega Projects – The road to diversification!

Saudi Mega Projects As most of you will be aware from the countless news articles and government statements, the Kingdom of Saudi Arabia is in an age of unprecedented reform, with the Crown Prince MBS the driving force behind these changes. From renewable energy to high end tourism, Saudi Arabia is surging forward with their…
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Merry Christmas and a Happy New Year!

Christmas & New Year

From all of us at AEI Saudi, we would like to extend our warmest Christmas wishes to all clients, partners and staff who will be celebrating. 2018 has been another great year for AEI. We have now helped more than 850 foreign companies with their journeys here in Saudi Arabia, including supporting a number of…
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