This week, Saudi Arabia has introduced a new factory development consultant licensing service aimed at boosting the industrial sector. This initiative seeks to enhance industrial facilities, improve their operations, boost production efficiency, and leverage the expertise of national professionals in the industrial sector.
In other news, The Saudi Ministry of Investment announced that updated investment rules will make it easier for foreign investors to invest in Saudi Arabia. The new rules aim to attract more international investment by streamlining the process and creating a more investor-friendly environment.
Economy, Budgets and Finance
Arab News: Saudi Arabia’s GOSI extends fine exemption for businesses. Read Here
The Economic Times: Saudi Arabia may cut crude oil prices for Asia in October. Read Here
Arab News: Saudi Arabia unveils new industrial initiatives to drive economic growth. Read Here
Zawya: Saudi Arabia eases investment rules to attract foreign investors. Read Here
Arab News: Japan’s Saudi crude oil imports reach 35.7% of July’s total. Read Here
Government & Royal Family
Arab News: Saudi-Qatari Coordination Council meeting held in Riyadh. Read Here
Defence & Security
Arab News: Five Saudi military officials promoted to key positions. Read Here
Al Arabiya News: Saudi Arabia and the USA are working on ‘history making agreement’ as US ambassador in Riyadh. Read Here
Arab News: Saudi civil defense issues safety warnings as heavy rain sweeps the Kingdom. Read Here
Commercial
Saudi Gazette: Saudi Arabia to implement 25% nationalization of engineering professions starting Sunday. Read Here
Arab News: Factory development consultant license launched in Saudi Arabia to boost industry. Read Here
Asharq Al Awsaw: Saudi Arabia Pushes to Boost Pharmaceutical Industry in aim to achieve self-sufficiency. Read Here
Arab News: 24 Fintech Event: Saudi Arabia’s big leap into global financial technology. Read Here
Social
Al Arabiya English: Ronaldo raves about life in Saudi Arabia and attractions like Red Sea, AlUla. Read Here
Arab News: Saudi Arabia’s Al-Wahbah Crater ranked among world’s top geological wonders. Read Here
Saudi Gazette: Saudi Pro League sets new transfer record with $875.4 million in spending in 2023. Read here
Arab News: How Riyadh’s new King Salman Park will provide an urban haven for flora and fauna. Read Here
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