A New Look towards Tourism, Culture, and Entertainment in Saudi Arabia
In 2016, Saudi Arabia announced its vision to reduce the dependence of its economy on oil, develop and modernize its...
Economic Brief: H1 2020 Budget Update
Overview The COVID-19 global pandemic has forced governments to grapple with significant social and economic changes in a short period...
Member Highlights – Chairman’s Circle Members Air Products and Chemicals and NEOM
On July 7, 2020, Air Products, ACWA Power, and NEOM announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy.
Overview: Saudi Arabia Startup Ecosystem
Saudi Arabia’s startup ecosystem has witnessed major growth in recent years, driven by greater foreign investment and government initiatives. Despite...
Virtual Discussion with Al Dhabaan & Partners regarding legal considerations for the evolving defense sector in Saudi Arabia
The U.S.-Saudi Business Council, in collaboration with our platinum member Al Dhabaan & Partners in association with Eversheds Sutherland hosted...
Webinar on Renewable Energy Opportunities in Saudi Arabia
The U.S.-Saudi Business Council, in collaboration with Ministry of Industry hosted a webinar with Dr Alex Hernandez, Director of Renewables...
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...