UAE
SAUDI ARABIA
QATAR
No Result
View All Result
AZIMUTH GULF
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
Azimuth Gulf News
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
No Result
View All Result
Azimuth Gulf News
No Result
View All Result
Azimuth Digital Azimuth Digital Azimuth Digital
ADVERTISEMENT
Home Internationalization

Here’s Why You Should Keep an Eye on Saudi Arabia

Matteo Ippoliti by Matteo Ippoliti
July 23, 2021
in Internationalization, Middle East Markets
0
Investment opportunities in Saudi Arabia
https://www.linkedin.com/company/azimuth-international

As the second-largest nation in the Arab World and one of its richest economies (controlling the world’s second-largest oil reserve), the Kingdom of Saudi Arabia is attracting more and more foreign investors, entrepreneurs, and workers.

This is especially true after the Kingdom’s announcement of Saudi Vision 2030, a development project aimed at reducing the Saudi economy reliance on oil and gas (right now it is still between 30 and 40 percent of its GDP).

Saudi Vision 2030 will focus on investments for pursuing the three following goals:

–         A vibrant society: investing in architecture, urbanism, culture, and entertainment;

–         A thriving economy: raising employment rates, facilitating women in the workforce, improving international competitiveness,

–         An ambitious nation: boosting government efficiency, digital transformation, non-oil revenues.

Technological Innovation

The kingdom’s willingness to invest in diversifying its economy caught the attention of international technology firms such as Google and Snap.

The Saudi government sees new technologies as one of the most important areas for investment. This is why it created the Badir Program, a nation-wide initiative aimed at accelerating the growth of start-ups based in the Kingdom.

While the barriers for entering the market for national Saudi investors are very low, foreign investors will need to obtain the Foreign Investment License. However, this has become way easier than in the past, and the License can be obtained in a matter of days.

The socio-economic reforms that underpin Saudi vision 2030 have lowered the access barriers for foreign investors and the financing climate has never been better.

Working in Saudi Arabia

Starting from December 2019, Saudi Arabia will make it easier for nationals to set up companies and employ foreign workers, with the creation of an instant small business visa.

This move will help Saudi entrepreneurs launching new start-ups.

Expats already count for 75% of the jobs in Saudi’s labor market with more than 9 million foreign workers in the Kingdom.

This new visa will drive the development towards a less oil-focused economy.

Last year, non-oil-related economy grew by 2.9 %, driven by public investments and the setting up of authorities charged with supporting Saudi SMEs.

Langpros Language Services in Saudi Arabia and the GCC

Langpros is a Dubai-based language service provider specialized in supporting businesses and people wanting to invest in Saudi Arabia, the UAE, and the GCC.

Our professional legal translators and interpreters can assist you during each phase of your project, such as: legal translation of documents for official use, one-to-one Arabic interpretation services, business interpretation services.

We work only with the best Arabic translators and interpreters, who are both linguistically and culturally aware and can provide seamless language services for your business or personal use.

 

Tags: Saudi Arabia

Related Posts

cristiano ronaldo
Internationalization

Ronaldo’s impact on the development of football in Saudi Arabia

January 28, 2023
saudi arabia
Internationalization

Vision 2030: Overview and Goals for Saudi Arabia’s Economic and Social Development

January 18, 2023
Jeddah landscape
Internationalization

Islamic Arts Biennale of Jeddah 2023

December 20, 2022
How To Translate a Business Website?
Business Interpreting

How To Translate a Business Website?

November 25, 2022
interpreter services - conference UAE
Business Interpreting

Why traditional interpreting services are coming back as a trend

November 11, 2022
Meta Business Suite - platform
Digital Trasformation

Meta Business Suite: boost your business for free

November 11, 2022

POPULAR POSTS

  • protection of endangered languages

    Why We Should Protect Endangered Languages

    0 shares
    Share 0 Tweet 0
  • Islamic Arts Biennale of Jeddah 2023

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia Vision 2030

    0 shares
    Share 0 Tweet 0
  • E-Residency: Dubai VS Estonia

    0 shares
    Share 0 Tweet 0
  • Ronaldo’s impact on the development of football in Saudi Arabia

    0 shares
    Share 0 Tweet 0
Azimuth Digital Azimuth Digital Azimuth Digital
Azimuth Gulf News

Keeps you up to date on the latest trends in the UAE and the Gulf market. Find out what your target customers need, search for new business opportunities, and learn how to reach new potential clients with compelling marketing techniques.
Find out how to move the right steps to expand your company overseas with the most successful digital transformation procedures and effective localization strategies.

  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
Menu
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets

AZIMUTH BOARD

© 2022 Azimuth International  | Built with by Azimuth Digital | Privacy Policy   Cookie Policy

No Result
View All Result
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets

© 2022 AZIMUTH INTERNATIONAL - Azimuth Digital Azimuth Digital.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Go to mobile version