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Saudi News Update: Week 11


A businessman is staying up to date by reading the news on a tablet

This week Saudi Arabia has attracted $13bn in private investments towards its tourism sector. These investments will introduce 150,000 and 200,000 new hotel rooms in the next two years.


In other news, the Regulation to Suspend Government Services came into force on March 11th. The regulation aims at causing no harm to individuals and businesses due to the suspension of government services. There are provisions in the regulation aimed at preserving the rights of the parties concerned as well as raising the level of compliance and commitment.

 


Economy, Budgets and Finance

Saudi Gazette:  Saudi Arabia witnesses $13 billion boost in tourism investments. Read here


Euronews: Discover Riyadh: Why now is the time to visit Saudi Arabia’s futuristic capital. Read here


Arab News: S&P affirms Saudi Arabia’s A/A-1 rating. Read here


Government and Royal Family

Saudi Gazette:  Regulation to Suspend Government Services comes into force in Saudi Arabia. Read here


Arab News:  Minister meets Cyprus’ ambassador to Saudi Arabia. Read here


Asharq Al-Awsat: Saudi Ambassador to Yemen Meets with EU Ambassadors to Saudi ArabiaRead here


Defence and Security

Saudi Gazette: Saudi Arabia welcomes Arab League's initiative for political resolution in Libya. Read here


Forbes: Addressing Data Security Challenges Within BPO Customer Support In Saudi Arabia. Read here


Commercial

Arab News: Moody’s retains positive outlook for Saudi Arabia’s banking sector. Read here


Arab News: Future-proofing Saudi Arabia’s workforce. Read here


Arab News: ‘Saudi Arabia could double hotel rooms in the next 10 years’. Read here


Social

Arab News: Waste management making an impact in Saudi Arabia.  Read here


Arab News: Saudi Arabia, Bahrain discuss joint cooperation in social housing and urban planningRead here


Arab News: Saudi Arabia’s King Salman allocates $800m to social security recipients during RamadanRead here

 

 

 


 

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