By Innovation-sa on April 3, 2018 in News

The Saudi Commission for Tourism and National Heritage (SCTH) announced in a statement that the regulations for tourist visas have been completed in cooperation with the ministries of interior and foreign affairs and submitted to higher government authorities for further approval, the Center of International Communication (CIC) quoted. The new regulations were formulated and reviewed in a series of intensive meetings and workshops with…

By Innovation-sa on March 29, 2018 in News

Much to the relief of the Kingdom’s construction industry which is struggling from an economic slowdown, Saudi Arabia has announced that it would provide compensation to contractors to meet the unexpected hike in expat fee for employees working in government sector projects approved before December 2016. The Saudi Press Agency (SPA) reported in a statement that after reviewing the imposition of monthly fees on…

By Innovation-sa on March 29, 2018 in News

The second annual Saudi-US CEO Forum, which brought together more than 200 eminent business leaders from the Kingdom and the US for a day of formal presentations, panel discussions, and trade and cultural shows, concluded successfully and resulted in the signing of 36 MoUs worth more than $20 billion. The annual forum brings forth discussions on mutual investment opportunities and contributes to strengthening economic…

By Innovation-sa on March 26, 2018 in News

The US State Department has approved a possible arms sale worth more than $1 billion to Saudi Arabia. The announcement came days after Saudi Arabia’s Crown Prince Muhammed bin Salman met US President Donald Trump at the White House, where Trump credited US defense sales to the Saudis.The department added that it had notified the US Congress on Thursday of the possible sale, which…

By Innovation-sa on March 26, 2018 in News

The Saudi Arabian General Investment Authority (SAGIA) revealed that the total volume of US investments in the Kingdom exceeded SR207 billion by February, signaling that the country’s economic reforms began to bear fruit. AT present, US investments in the Kingdom spread across 373 companies established in various sectors like service, industry, real-estate, scientific, technical and temporary licenses. Of the total investments by American companies…

By Innovation-sa on March 26, 2018 in News

The Saudi Federation for Cyber Security and Programming (SFCSP) inked Memoranda of Understanding (MoU) with Lockheed Martin and Northrop Grumman during Crown Prince Muhammed bin Salman’s US visit, according to reports from Saudi Press Agency (SPA). The MoU signed with Lockheed Martin aims at creating a collaboration in cybersecurity and programming. The company will focus on developing and increasing the Kingdom’s proficiency in cybersecurity,…

By Innovation-sa on March 22, 2018 in News

Saudi Arabia’s Crown Prince Muhammed bin Salman remarked that abayas are not a necessity for women, as long as they wear a “decent and respectful attire”. This historic statement signals a new progressive trend towards modernization in the deeply conservative Muslim nation. Women in Saudi Arabia are currently required to wear abayas- the loose-fitting, full-length robes- which are a symbolic of Islamic culture. The…

By Innovation-sa on March 22, 2018 in News

As Crown Prince Muhammed bin Salman’s ambitious drive to empower women is gaining momentum, over 40 Saudi women have taken up hospitality jobs in Makkah hotels. Saudi women can now be seen adorning receptions as well as holding jobs in human resource, reservation, and cooking departments with ease and confidence. “We are determined to be more professional and learn everything new in the hotel…

By Innovation-sa on March 22, 2018 in News

The high-speed Haramain Express train connecting the holy cities of Makkah and Madinah will be ready to serve passengers this year, following final safety trails and operational readiness tests carried out for high-speed trains, announced Nabeel Al Amoudi, Minister of Transportation and Chairman of the Saudi Railway Organisation. The Haramain rail project, better known as “Western railway” or “Makkah-Madinah high-speed railway”, is a 453…

By Innovation-sa on March 18, 2018 in News

Despite the anti-corruption probe that shook the nation, Goldman Sachs Group forecasted an unprecedented economic overhaul in the Kingdom and announced plans to invest in the Kingdom for the first time in its history. Goldman Sachs Group, an American multinational finance company often seen involved in providing advice to companies and governments on takeovers and fundraising efforts in the region, has plans to hire…