Saudi News Update: Week 50

This week NEOM has announced ‘Topian’. This initiative will look to innovate how we sustainably produce food to help enhance food security and promote sustainable practices. In other news, the Regional Headquarters (RHQ) initiative has announced a 30-year tax break for those MNCs looking to have their RHQ in Saudi Arabia.

Economy, Budgets and Finance

The Guardian:  Saudi Arabia could take ‘effective majority control’ of London Heathrow. Read here

Al Arabiya: Saudi Arabia to grant 30-year tax breaks to companies moving HQs to Riyadh. Read here

Arab News: Beijing to host China-Saudi Investment Conference on Tuesday. Read here

Government and Royal Family

Saudi Gazette:  Saudi Arabia, Hong Kong sign MoU to boost direct investment. Read here

Arab News: Saudi Arabia, Qatar ‘deepen and expand’ economic, security ties. Read here

Defence and Security

Al Arabiya: US State Department approves possible sale of surveillance system to Saudi Arabia. Read here

Arab News: Third KSrelief aid ship for Gaza. Read here

Commercial

Al Arabiya: Saudi Arabia’s NEOM: $500 bln mega-project unveils new food company Topian. Read here

Bloomberg: Saudi Arabia Scores Win in Drive to Lure Financial Giants. Read here

Saudi Gazette: Health minister launches SFDA’s Breakthrough Medicines Program. Read here

Social

Arab News: Historic Jeddah launches art events to boost culture, tourism.  Read here

Arab News: Saudi Arabia’s Soudah Peaks: the luxury mountain destination at the Kingdom’s highest point. Read here

Arab News: AlUla to set majestic stage for Drone Champions League Super Final. Read here

---

If you would like to be added to our weekly email distribution of this newsletter, please contact us.