Saudi Arabia’s Crown Prince Mohammed bin Salman, and Chairman of the Board of Directors of NEOM, announced the launch of “THE LINE” in the city of NEOM, a new model for the future of urban societies aimed at ensuring balance with nature. In other news, Qiddiya Investment Company is currently developing a key real estate…
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Saudi Arabia has decided to lift the temporary travel ban and resume all international flights, the Saudi Press Agency reported on Friday citing a statement from the Ministry of Interior. The move, which will come into force on March 31, 2021. In other news, The Saudi authorities have launched the digital versions of the national…
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Saudi Arabia has lifted the temporary travel ban imposed last December as a precautionary measure following the detection of a mutated type of Covid-19 in several countries, the Ministry of Interior said early Sunday. In other news, Public Investment Fund (PIF) said it had established a company to develop and expand the private security sector…
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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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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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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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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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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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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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