By Innovation-sa on January 22, 2019 in News
Saudi Arabia’s Ministry of Labor and Social Development (MLSD) has launched a program to issue compensatory visas to deal with the dearth of qualified Saudi workforce in certain rare professions and specializations. According to reports from officials, private companies falling in the platinum and high green domains can take advantage of this new initiative to […]
Read moreBy Innovation-sa on January 17, 2019 in News
Saudi Arabia will start building the first urban area of the proposed $500 billion mega-city NEOM along the north-western coast of the Kingdom soon, officials announced on Wednesday. Crown Prince Mohammed bin Salman, the chairman of the NEOM founding board, approved the master-plan concept for NEOM Bay which includes luxurious homes,high-end hotels, lifestyle and tourist facilities, […]
Read moreBy Innovation-sa on January 17, 2019 in News
A report published by Saudi Arabian General Investments Authority (SAGIA) on its accomplishments in 2018 noted a 99 percent increase in the number of licensed investments and a 100 percent increase in the number of investment expansion requests in the Kingdom last year. The report also highlighted that the time required for issuance of a new […]
Read moreBy Innovation-sa on January 13, 2019 in News
Saudi Arabia’s Ministry of Labor and Social Development (MLSD) announced on Tuesday a new initiative to extend validity of work visas for expatriates to two years instead of one without any additional fees. The extension of time will be applicable to new as well as old visas. The Ministry said in a statement that […]
Read moreBy Innovation-sa on January 7, 2019 in News
Dammam’s King Fahad International Airport has been awarded 2nd rank in the list of world’s best medium airports. According to reports from Official Airports Guide (OAG), an airport and airline assessment specialist, the award has been awarded to the world’s best medium airports that met departure and arrival schedules accurately in 2018. Over 58 million […]
Read moreBy Innovation-sa on January 7, 2019 in News
The Saudi Arabian economy recorded it’s fastest growth since early 2016 during the third quarter of 2018. The country’s Gross Domestic Product (GDP) grew 2.5 percent from a year earlier to SR 653.7 billion, accelerating from the second quarter’s GDP growth of 1.6 percent. The rise in GDP is attributed to a strong performance […]
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By Iain Wingham on January 6, 2019 in Blog
Modern Business is complicated and complex. In order to succeed, businesses have to not only ensure that the product they are providing is commercially viable, but also that it is unique as well as interesting. But that alone does not guarantee success. Cost cutting and business process efficiency is another aspect that helps in running […]
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By Iain Wingham on January 3, 2019 in News
There is no denying the fact that Saudi Arabia is the largest and most powerful oil exporter of the world which provides a strong sense of secure financial insurance to the country. The officials with the help of the finance department has been trying hard to improve private and government branches with greater spending, profitable […]
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By Iain Wingham on January 3, 2019 in Blog
A vision is the first step towards leading the entire planning and decision-making towards a successful path. It is a gateway to a number of solutions for the economic chaos in the country including reduced oil prices. The fact that a massive percentage of Saudi Arabia’s economy is dependent on the oil revenues had made […]
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By Iain Wingham on January 3, 2019 in News
Vision 2030 is no surprise to anyone as the news has been trending ever since the Red Sea project became an important and ultimate source of reformed economy. While the official ministers, analysts, and expert panel are busy leading the project with utmost excellence, the project has started to make news already. The fact that […]
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