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 Arabia. Read 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 planning. Read here
Arab News: Saudi Arabia’s King Salman allocates $800m to social security recipients during Ramadan. Read here
If you would like to be added to our weekly email distribution of this newsletter, please contact us.