Saudi Arabia de-risks investments to attract foreign SMEs: Al-Falih
Saudi Arabia is de-risking investments for foreign small and medium-sized enterprises to encourage their entry into the Kingdom, according to a senior official. In an interview with Arab News on the sidelines of the Standard Incentives for the Industrial Sector program, Saudi Minister of Investment Khalid Al-Falih said the initiative aims to attract international SMEs […]
Saudi Arabia allocates $2.66bn to activate Standard Incentives Program for the industrial sector
Saudi Arabia announced the allocation of SR10 billion ($2.66 billion) to activate the Standard Incentives Program for the industrial sector, following a Cabinet approval last month. The announcement was made during the Standard Incentives for the Industrial Sector event on Jan. 11. According to a press statement, the initiative seeks to spur growth in the […]
Arab, EU diplomats arrive in Riyadh for meeting on Syria
Top diplomats from the Middle East and Europe were arriving in the Saudi capital on Sunday to discuss Syria, as world powers push for stability after the fall of Bashar Assad. The talks on Sunday will unfold in two sessions: the first will bring together Arab officials, while the second will feature wider participation, including […]
Saudi Arabia’s $2.66bn program to align industrial incentives with investor demand: Alkhorayef
Saudi Arabia is taking a flexible approach to distributing its SR10 billion ($2.66 billion) standardized incentive program to maximize its impact across industries, according to a senior official. In an interview with Arab News on the sidelines of the Standard Incentives for the Industrial Sector event, Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, […]
Saudi capital market strategy set to boost growth, transparency
Saudi Arabia’s Capital Market Authority has unveiled its ambitious 2024-2026 strategic plan, which aims to further develop the Kingdom’s financial market and enhance its global competitiveness. With more than 40 initiatives, the plan is set to transform the capital market into a key pillar of the national economy, in line with Vision 2030. In an […]