By Innovation-sa on July 14, 2019 in News

Saudi Arabia’s Qiddiya Investment Company has revealed its master plan for Qiddiya, the Kingdom’s “Capital of Entertainment, Sports and Arts” as the government is focusing more on non-petrol revenue sources as part of its ambitious economic diversification program Vision 2030. The property will bring together the elements for an active, healthy and ambitious lifestyle, create a series of pedestrian-oriented episodes that encourage discovery, trail and…

By Innovation-sa on July 9, 2019 in News

Saudi Arabia’s Human Rights Commission (HRC) said that children of Saudi women married to non-Saudi men have same rights to residency, work, education and medical treatment as children born to Saudi mother and father.   According to the commission, children of Saudi mothers and foreign fathers who live in the Kingdom have the right to be issued a permanent iqama (residence permit) and mothers…

By Innovation-sa on July 2, 2019 in News

The Premium Residency Center (PRC) annnounced that holders of Permanent Premium Residency (PPR) cards can stay in the Kingdom for 60 days after the cancellation of their PPRs. Under special circumstances, the chief of PRC can extend their stay for a maximum of 180 days starting from the date of cancellation of PPR.   Individuals applying for PPR must submit a clearance certificate from their…

By Innovation-sa on June 27, 2019 in News

Ahead of the annual Hajj Pilgrimage, the Ministry of Hajj and Umrah has announced that expatriates, including those arriving via Haramain Train, will be banned from entering Makkah from Shawaal 25 until Dhul Hijjah 10. Expatriates arriving at the gateways of Makkah by any means of transport – cars, buses or trucks – will be banned from entering the holy city during these days.  …

By Innovation-sa on June 19, 2019 in News

Saudi Arabia is on track to outpace India and take first position in the ETF ranking this year. The ETF ranking tracks flows into exchange-traded funds of developing countries. For the past three years, Saudi Arabia had been behind China and Brazil.   India and Saudi Arabia are leading ranking for ETF net inflows this year with new money invested in ETFs in India at $2.5…

By Innovation-sa on June 13, 2019 in News

Saudi Arabia’s economic growth is expected to pick up further this year despite threats due to global economic slowdown and its possible impact on the oil market, the Kingdom’s Central Bank said.   Reports published by the Saudi Arabian Monetary Authority (SAMA) noted that the Kingdom’s economic growth recovered to 2.2 percent in 2018 in comparison to a 0.7 percent decline the previous year….

By Innovation-sa on May 22, 2019 in News

More information about Saudi Arabia’s new “Green Card” style residency scheme for qualified international experts has been published in Saudi government’s official gazette,the Um Al-Qura newspaper.   The new scheme allows highly skilled global entrepreneurs, innovators and investors to work and live in the Kingdom without a Saudi sponsor and they can permanently reside, own property and invest in the Kingdom.The regulations governing the…

By Innovation-sa on May 15, 2019 in News

The Saudi Shoura council approved the launch of a new Green Card style “Special Privilege Iqama” (residence permit) scheme to attract affluent foreign entrepreneurs and investors to the Kingdom, marking an end to the age-old Khafeel (sponsorship) system.   The new scheme will not require foreigners to have a Saudi sponsor or employer and its added benefits will include family privileges, the ability to obtain visas for…

By Innovation-sa on May 5, 2019 in News

Saudi Arabia should utilize the latest technological advances that have impacted the society effectively on its strive to become the digital hub of the region, the Global Digital Government Summit organized by the new Saudi e-Government program, Yesser, under the title “Putting Citizens First” noted.   Ali Al-Asiri, CEO of Yesser, said the summit was “very important to our country, and the future of all…

By Innovation-sa on May 5, 2019 in News

The most awaited World Wrestling Entertainment (WWE) will make its return to Saudi Arabia with a special event hosted by the Saudi General Sports Authority in partnership with WWE at the King Abdullah Sports City Stadium in Jeddah on Friday, June 7, at 8 p.m. The star-studded event, marking the company’s third show in the Kingdom, will feature WWE superstars Roman Reigns, Undertaker, Kofi…