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Saudi Arabia’s GDP and Trade on the Rise
- 04.05.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
No CommentsSaudi Arabia’s GDP rose by 1.3% in the first quarter of 2024, driven by growth in both oil and non-oil sectors, an example of economic resilience and diversification efforts.
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Leveraging Spanish Investments in Saudi Arabia for Business Opportunities
- 20.04.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
Spanish investments in Saudi Arabia, surpassing EUR 3 billion over the last decade, highlight the strong economic ties and opportunities for European businesses considering entering the KSA market.
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Why Now is the Time to Invest in Saudi Arabia’s Economy
- 13.04.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
Saudi Arabia’s economy offers great opportunities for growth, and we believe it is a good moment to start a business there.
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KSA: Customs Duty Exemptions
- 02.04.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
Saudi Arabia announces customs duty exemptions for various manufacturing imports to stimulate industrial growth and reduce operational costs for companies.
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KSA: Tourism Transformation – Opportunity for Business Setup
- 27.03.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
Saudi Arabia’s National Tourism Strategy, part of its Vision 2030 initiative, aims to reduce the economy’s oil dependence by developing the tourism sector to contribute 10% to GDP by 2030, supporting over a million jobs.
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Saudi Arabia Introduced Tax Incentives to Attract Multinational Corporations
- 08.03.2024
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia has introduced a new tax incentive program offering a 30-year income tax exemption to multinational companies establishing regional headquarters, aiming to support foreign investment and economic growth.
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KSA: Jeddah´s Infrastructure Fuel Foreign Investment
- 12.02.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
Jeddah Central Development Co. secures four major construction contracts worth USD 3.2 billion to enhance the city’s urban landscape, aiming to redefine Jeddah as a global leisure and cultural destination by 2027.
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KSA: Saudi Arabia’s Off-Plan Property Revolution
- 09.02.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
Saudi Arabia is revolutionizing its real estate industry through off-plan property sales, aiming to increase homeownership rates as part of its Vision 2030 and National Transformation Program.
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Saudi Arabia Expands Premium Residency Permit Categories to Attract Global Talent
- 21.01.2024
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia broadens its Premium Residency Permit scheme with five new categories to attract foreign investment and high-caliber talent in various fields.
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ZATCA Extends Fines and Penalties Exemption to June 2024
- 08.01.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
ZATCA’s initiative for ‘Cancellation of Fines and Exemption of Penalties’ has been extended to 30.06.2024, offering financial relief to businesses.
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