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.

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.

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.

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.

Saudi Arabia broadens its Premium Residency Permit scheme with five new categories to attract foreign investment and high-caliber talent in various fields.

ZATCA’s initiative for ‘Cancellation of Fines and Exemption of Penalties’ has been extended to 30.06.2024, offering financial relief to businesses.

Saudi Arabia’s Public Investment Fund (PIF) has emerged as the top investor among its peers in 2023, with a 33% increase in investments over 2022, investing USD 31.6 billion across 49 deals.

Saudi Arabia is offering a 30-year tax exemption to global companies relocating their regional headquarters, aligning with Vision 2030 to diversify its economy and attract multinational corporations.

The selection of Riyadh as the host city for the World Expo 2030 marks a significant milestone in Saudi Arabia’s journey towards realising its Vision 2030. It is a perfect moment for a business set up in the Kingdom of Saudi Arabia.

Saudi Arabia’s trade surplus reached 44 billion riyals in September, evidencing a 27.5% increase from August and showcasing the nation’s economic resilience.