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Saudi Arabia Launches Online Platform to Attract Private Investment in Sports Sector

Saudi Arabia Launches Online Platform to Attract Private Investment in Sports Sector

Jun 24, 2021

On June 21, 2021, the Saudi Ministry of Sport launched a new online licensing platform called NAFES, designed to encourage foreign investment and private partnerships in the country’s...

Saudi Arabia Reforms “Kafala” Sponsorship System

Saudi Arabia Reforms “Kafala” Sponsorship System

Apr 1, 2021

The Ministry of Human Resources and Social Development (MHRSD) recently announced new labor reforms to the 70-year-old Kafala (sponsorship) system under the Labor Reform Initiative, allowing greater job mobility for migrant workers. This decision ushers a new era...

The Private Sector Participation Law and Privatization in Saudi Arabia

The Private Sector Participation Law and Privatization in Saudi Arabia

Mar 31, 2021

On March 16, 2021, H.E. Mohammed Al-Jadaan, Minister of Finance and Acting Minister of Economy and Planning, announced the approval...

Honeywell International and Mouwasat Medical Services Sign Contract to Provide Digitization and Energy Optimization

Honeywell International and Mouwasat Medical Services Sign Contract to Provide Digitization and Energy Optimization

Mar 16, 2021

Global technology company Honeywell International, a Platinum-level member of the U.S.-Saudi Business Council, has been awarded a contract to install integrated...

Saudi Arabia’s Public Investment Fund: New Strategies, Investments, and Diversification

Saudi Arabia’s Public Investment Fund: New Strategies, Investments, and Diversification

Mar 5, 2021

The PIF’s New Investment Strategy Saudi Vision 2030’s next phase, unveiled in a January 2021 speech at the Future Investment...

Water in Saudi Arabia: Desalination, Wastewater, and Privatization

Water in Saudi Arabia: Desalination, Wastewater, and Privatization

Jan 7, 2021

Importance & Demand Saudi Arabia is the largest country in the world without running surface water and has one of...

Saudi Arabia Releases 2021 Budget Plan

Saudi Arabia Releases 2021 Budget Plan

Dec 16, 2020

Facing the dual threat of the COVID-19 pandemic’s economic effects and state of the oil market, Saudi Arabia has announced...

Saudi Arabia’s 5G Network Ranked as World’s Fastest, on Track to Becoming a 5G Regulator

Saudi Arabia’s 5G Network Ranked as World’s Fastest, on Track to Becoming a 5G Regulator

Oct 29, 2020

Industry tracker Opensignal has said that Saudi Arabia has the fastest 5G download speed out of 15 countries surveyed, with...

Saudi Arabia signs MoUs with IBM, Alibaba, and Huawei on AI

Saudi Arabia signs MoUs with IBM, Alibaba, and Huawei on AI

Oct 28, 2020

The Saudi Authority for Data and Artificial Intelligence (SDAIA) has signed Memorandums of Understanding (MoUs) with IBM, Alibaba, and Huawei...

Saudi Ministry of Industry and Mineral Resources Launches Digital Licensing Service for the Mining Sector

Saudi Ministry of Industry and Mineral Resources Launches Digital Licensing Service for the Mining Sector

Oct 2, 2020

Saudi Minister of Industry and Mineral Resources H.E. Bandar bin Ibrahim Alkhorayef has launched a new service giving public access to the Taadin (mining) electronic platform for...

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