Economic Impact of VAT Increase
Overview Saudi Arabia’s dual shock of the coronavirus pandemic and a crash in oil prices has led to more than...
Transitional Provisions Guidelines of VAT Rate Increase to 15%
On July 1, 2020 Saudi Arabia will begin to implement the new value added tax (VAT) increase from 5% to...
Foreign Investment into Saudi Arabia Up 7% to $4.6 Billion
According to the annual report by the UN Conference on Trade and Development (UNCTAD), foreign direct investment flows to Saudi...
USSBC Contract Awards Index First Quarter 2020
Highlights The total value of awarded contracts reached SAR45.2 billion ($12 billion) during the first quarter of 2020, marking an...
Saudi Cabinet Issues New Mining Law to Boost Foreign Investment
The Saudi Cabinet approved a new mining investment regulation that intends to facilitate foreign investment in the mining industry and...
USSBC Economic Brief: B20:Initiative to Address COVID-19 Impact
Overview The global pandemic of COVID-19 represents an unprecedented challenge for governments and businesses. The virus now accounts for 5.2...
Virtual Discussion with SAMI Emphasizes Opportunities for Military Industry Localization in Saudi Arabia
The U.S.-Saudi Business Council, in partnership with the U.S. Commercial Service in Riyadh and the American Business Group of Riyadh,...
What You Need to Know: Saudi Arabia’s Reopening as Part of the Government’s Coronavirus Strategy
UPDATE: Saudi Arabia’s Ministry of Interior announced on June 5, 2020 a series of restrictions to curb the spread of...
Council Announces New Virtual Service to Help You Find Your Business Partner
Are you looking to expand your business overseas? If you are a U.S. company seeking to take advantage of the...
Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies
Saudi Arabia’s $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi Arabia’s vision for economic diversification and...