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The Saudi Arabian General Investment Authority (SAGIA) extended the license period for foreign investments from one year to a renewable period of up to five years. The new efforts were designed to aid the Kingdom’s recent economic changes and promote foreign investment in the Kingdom in line with Vision 2030, stated Ibrahim S Al-Suwayel, Deputy […]

The higher committee on public transport announced the commencement of new public transport service in Riyadh and Jeddah from Tuesday onwards. The committee urged citizens and expatriates to make the best use of the new public transport service which would cost SR3 per trip and asked them to provide their remarks and reviews about the […]

The Directorate General of Traffic (Muroor) banned the use of mobile phones while driving in Saudi Arabia from Monday onwards. During the first phase, special cameras will be installed in Riyadh, Dammam, and Jeddah to electronically monitor motorists using or touching mobile phones while driving. A recent study by King Abdullah Medical Research Center in […]

Saudi Arabia revised speed limits on some expressways starting from Monday, February 19, according to reports from Saudi Press Agency (SPA). The updated speed limit will be 140kph for small vehicles, 100kph for buses and 80kph for trucks on Riyadh-Taif Road westwards, Riyadh-Taif Road eastwards, Riyadh-Qassim Road northwards, Qassim-Riyadh Road southwards, Makkah-Madinah Road northwards, Madinah-Makkah […]

In accordance with Saudi Arabian Monetary Authority’s (SAMA) decision to implement the National Address System, banks in Saudi Arabia has now made it mandatory for customers to furnish their address at the banks. Customers have been receiving messages from various banks reminding them to update their profile in the online bank account page or at […]

In a move to upgrade the Kingdom’s health sector, Saudi Arabia will be granting visas free of charge to foreign scientists and health specialists, stated media reports. Ahmed Al Aamiri, Secretary General of the Saudi Health Council praised the cabinet’s decision and added that the decision to allow free visas to foreign scientists was approved […]

The Council of Saudi Chambers (CSC) suggested eight amendments to the expat levy policy to uplift the private sector, during a meeting of CSC heads with Ali Al-Ghafis, Minister of Labor and Social Development. Al-Ghafis granted permission to form a joint CSC and ministry committee to study the best policies to support the Kingdom’s private […]

About 12 million foreigners arrived in Saudi Arabia in 2017 for work, visit, pilgrimage, and business said Abdulrahman Al-Yousef, Deputy Foreign Minister for Consular Affairs and Director General of Visa Administration. Of the 12 million visas issued by the Saudi government, 1.5 million were tourist visas and 50,000 were business visas. Business visas are valid […]

The Ministry of Commerce and Investment assured on Thursday that Saudi women can start their own business without the permission of a male guardian. The legal procedures to set up a business will be the same for both Saudi men and women. Women will no longer face any additional formalities at the government agencies like […]

The domestic liquidity of Saudi banks has improved and hit a record high SR 457 billion by the end of 2017, despite restrained growth and challenging business conditions in Saudi Arabia, according to Sectoral Comment issued by Moody’s Investors Service on February 1. The domestic liquid assets of banks in Saudi Arabia saw a growth […]