Key Amendments to Saudi Arabia’s Labor and Investment Laws Under Vision 2030
The Saudi Council of Ministers has recently approved a comprehensive set of amendments to the Kingdom’s labor and investment laws, which are slated to take effect in February 2025. These legislative changes are integral to Saudi Arabia’s Vision 2030, aimed at transforming the Kingdom into a globally competitive econo
Saudi Arabia’s Tourism Boom: Tourist Expenditure Surpasses $67 Billion in 2023
According to figures from the World Tourism Organization (UNWTO), the total tourist expenditure in Saudi Arabia in 2023 amounted to over $67 billion, a testament to the Kingdom’s economic potential as a top-tier tourism destination. The Saudi Tourism Authority has emphasized that this remarkable growth is a direct resu
How Saudi Arabia’s PIF Ranked Second Globally for Governance, Sustainability and Resilience (GSR)
Saudi Arabia’s Public Investment Fund (PIF) has achieved remarkable advancements. As documented in the 2024 Governance, Sustainability, and Resilience Scoreboard by Global SWF Climbed to the 2nd position among 100 sovereign wealth bodies. Achieved an impressive 96% assessment score, up from 92% last year. Led globally
Success Cases: International Companies in Saudi Arabia
As Saudi Arabia continues its ambitious journey outlined in Vision 2030, the Kingdom has emerged as a pivotal destination for global businesses seeking strategic expansion into the Middle East and beyond. Recognizing its strategic position at the crossroads of three continents and robust infrastructure, Saudi Arabi
Vision 2030 & Sustainability in KSA
In recent years, Saudi Arabia has made significant strides toward fostering a more sustainable and socially responsible business environment. As part of Vision 2030, the Kingdom is prioritizing sustainability and corporate responsibility, recognizing their crucial roles in long-term economic development and social progre
Saudi Arabia’s Economic Transformation through Coffee and Vision 2030
In a strategic move, Saudi Arabia is stepping into the world of coffee production with ambitious plans to plant 1.2 million coffee trees by 2026, setting its sights on diversifying its oil-dependent economy. This shift highlights the growing cultural and economic significance of coffee in the Kingdom, as it aims to becom
