Ease of Foreign Ownership of Business in Saudi Arabia: A New Era
Saudi Arabia has undergone a significant transformation in recent years, particularly in its approach to foreign investment. A cornerstone of this transformation is the relaxation of foreign ownership restrictions, creating a more attractive business environment. Historical ContextTraditionally, Saudi Arabia required…
Riyadh Gears Up for a Retail Revolution: Shopping Boom Predicted!
A new report by Knight Frank predicts a phenomenal surge in the city’s retail sector, with a whopping 28% increase in retail space by 2026. This translates to a projected total of 4.6 million sqm of retail bliss for Riyadh…
Riyadh gets ready for World’s Tallest Sports Tower!
Get ready, sports fans! Riyadh, Saudi Arabia is about to take its athletic offerings to new heights with the unveiling of the Global Sports Tower. This ambitious project will not only be the world’s tallest sports tower, but also a…
Heads Up, Saudi Businesses: New Fines for Skipping Financial Statements!
Attention all businesses operating in Saudi Arabia! The Ministry of Commerce is getting serious about financial transparency. They’ve recently announced fines of up to $5,330 for companies that fail to submit their financial statements on time. Why the Crackdown? The…
Riyadh becomes top 5 Start up Hubs in the region
Riyadh has climbed the ranks to become a top 5 startup hub in the Middle East and North Africa (MENA) according to the latest Global Startup Ecosystem Report. This positions Riyadh as a leading player not just regionally, but also…