Week 46 – News Update from the Kingdom

The Saudi Aramco IPO will be available for local Saudi investors to start bidding on the 17th November, although the exact size of the initial offering has not been confirmed. According to the official prospectus Saudi Aramco is going to offer its 73,000 employees $1 billion in shares and has been in talks with wealthy…
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Week 45 – News Update from the Kingdom

Saudi Arabia recently hosted the third Future Investment Initiative (FII) at the Ritz Carlton in Riyadh. The event ended on Thursday with 24 investment deals worth $20 billion reported to have been signed across energy, transport, oil and gas, petrochemicals and manufacturing. In other news, Saudi Aramco has confirmed that it plans to list 1%…
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Week 44 – News Update from the Kingdom

Saudi Arabia is the world’s most improved country when it comes to the ‘ease of doing business’ according to the world bank. This comes as various reforms have been put in place as part of the Vision 2030 plan and caused the Kingdom to move up 30 places in the Doing Business 2020 report. In…
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Week 43 – News Update from the Kingdom

Russia’s President Vladimir Putin made his first state visit to the Kingdom of Saudi Arabia since 2012 last week. The brief two-day event was part of a wider regional tour that included the UAE. 20 multimillion-dollar deals have reportedly been signed covering space and satellite navigation, health services, mineral wealth and tourism/aviation among others. In…
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Saudi Tourist Visas

As many of you will have seen in the news there has been another big step taken in the Kingdom. Saudi has allowed 49 nationalities to apply to visit the Kingdom as tourists in order to enjoy unique experiences like the UNESCO World Heritage site at Mada’in Saleh. Citizens of countries allowed to use the…
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Week 42 – News Update from the Kingdom

In a move described by the foreign ministry as “another step to empowerment”, it was announced last week that Saudi women will soon be allowed to serve in the armed forces, in the ranks of private first class, corporal or sergeant. In other news, the Kingdom saw 24,000 visitors enter the country within the first…
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AEI’s Next Major Step Taken!

Queensway Street on KASB Compound

The closing of the Olaya Residency was an emotional moment for many in AEI; born soon after we began operating in the Kingdom, the Residency still harbours fond memories for many employees, clients and friends. But as the old saying goes – when one door closes, another opens.. Hence here is a small glimpse of…
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Week 41 – News Update from the Kingdom

As most of you may have seen, the Kingdom of Saudi Arabia has finally opened itself up to global tourism and is now allowing nationals from 49 countries in Europe, Asia, North America and Oceania to receive tourist visas. The online process is reported to take seven minutes to complete. Following this announcement, the Saudi…
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AEI on the road!

The past few months has been a busy period for the AEI team with our members attending events in the UK, US, UAE and, of course, the Kingdom of Saudi Arabia. Building Your Business in the Saudi Arabia Heather Hopper, our Head of Market Entry, attended a joint SBJBC and UK-UAE Business Council event at…
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Week 40 – News Update from the Kingdom

The Crown Prince and de facto ruler of Saudi Arabia, Mohammad bin Salman (MbS), took part in a CBS ’60 Minutes’ interview on Sunday where he was questioned on Iran, Jamal Khashoggi and the treatment of human rights activists in the Kingdom. MbS reiterated that a political response to the alleged Iranian attacks on Saudi…
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