#Saudi Vision 2030

[grey-space-computing]

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[shabanaupgro]

Saudi Arabia's Logistics Revolution: What It Means for Your Business

In recent years, Saudi Arabia has embarked on a transformative journey to diversify its economy and reduce its dependence on oil revenues. One of the key pillars of this ambitious vision, known as Saudi Vision 2030, is the development of the logistics sector. The nation's strategic geographical location, at the crossroads of Asia, Europe, and Africa, makes it a pivotal player in global trade. 

The question on the minds of many businesses is, "What does Saudi Arabia's logistics revolution mean for my business?"

Read more....

[greenprophet]

Historical tourism begins in AlUla, Saudi Arabia

Historical tourism begins in AlUla, Saudi Arabia

       Since Saudi Arabia’s prince and prime minister decided to expand Saudi Arabia’s tourism to include westerners, desert and historical tourism was top of the list. One of the main attractions of Saudi Arabia, to rival Jordan’s Petra, will be Alula, Al-Ula, or confusingly spelt in English as AlUla. The Saudi ruler, crown prince and prime minister Mohammed bin Salman wants Saudi Arabia to…

[donhlg]

Business Setup in Saudi Arabia: A Guide to Company Formation with Saudi Helpline Group

Saudi Arabia has emerged as one of the most attractive destinations for business in the Middle East, thanks to its strategic location, rich natural resources, and ambitious Vision 2030 plan to diversify the economy. For entrepreneurs and companies looking to tap into this dynamic market, understanding the intricacies of business setup in Saudi Arabia is crucial. Saudi Helpline Group, a leading consultancy firm, offers expert guidance and a suite of services to facilitate a seamless business establishment process in the Kingdom.

The Challenges of Setting Up in Saudi Arabia

While the opportunities are plentiful, setting up a business in Saudi Arabia can be challenging due to the country's unique legal and regulatory framework. Entrepreneurs must navigate a complex landscape of government regulations, cultural considerations, and administrative processes. The process requires careful planning and expert knowledge, from selecting the appropriate business structure to obtaining the necessary licenses and permits.

How Saudi Helpline Group Can Assist

Saudi Helpline Group specializes in helping businesses overcome these challenges by providing end-to-end support throughout the setup process. Here's how they can help:

Company Formation Services

Choosing the proper business structure is a critical first step in establishing a business in Saudi Arabia. Saudi Helpline Group offers expert advice on various business entities that are available, including limited liability companies in Saudi Arabia (LLCs), joint-stock companies, branch offices, and representative offices. They guide clients through the process, from registering the company with the Ministry of Commerce and Investment (MCI) to obtaining the necessary licenses from the Saudi Arabian General Investment Authority (SAGIA).

Legal and Regulatory Compliance

Ensuring compliance with Saudi laws and regulations is essential for a successful business venture. Saudi Helpline Group provides comprehensive legal support, including drafting and reviewing contracts, assisting with visa applications for foreign employees, and advising on labor laws. Their legal team ensures that all aspects of the business are fully compliant with local regulations, minimizing the risk of legal complications down the line.

Local Partnerships and Sponsorship

For foreign investors, forming a local partnership or securing a local sponsor is often a prerequisite for doing business in Saudi Arabia. Saudi Helpline Group assists clients in finding reliable and trustworthy local partners or sponsors, facilitating a smooth entry into the market. These partnerships are crucial for navigating the local business environment and building solid relationships with Saudi stakeholders.

Banking and Financial Services

Opening a corporate bank account in Saudi Arabia is critical to establishing a business. Saudi Helpline Group helps clients navigate the banking system, assisting with selecting a suitable banking partner and ensuring all necessary documentation is completed correctly. They also provide ongoing financial management support, helping businesses manage their finances effectively.

Market Entry Strategy

Understanding the Saudi market is critical to a successful business venture. Saudi Helpline Group offers detailed market research and analysis, helping clients identify opportunities and potential challenges. They provide strategic advice on market entry, ensuring businesses have a clear plan to establish and grow their presence in the Kingdom.

Ongoing Business Support

Saudi Helpline Group's commitment to its clients extends beyond the initial setup phase. They offer a range of post-setup services, including assistance with government renewals, tax compliance, and other administrative tasks. Their goal is to ensure businesses continue operating smoothly and remain compliant with Saudi regulations as they grow and expand.

Conclusion

Setting up a business in Saudi Arabia offers significant potential for growth and success, but it requires careful planning, expert knowledge, and a deep understanding of the local business environment. Saudi Helpline Group is a trusted partner for businesses looking to establish themselves in the Kingdom. With their comprehensive range of services and expert guidance, companies can confidently navigate the complexities of the Saudi market and achieve their goals. Whether you are a multinational corporation or a small startup, Saudi Helpline Group is here to help you unlock the full potential of your business in Saudi Arabia.

[head-post]

Saudi Arabia tourism hits record spending by foreign tourists in 2023

Foreign tourists visiting Saudi Arabia spent a record SAR 45 billion ($12 billion) on hospitality facilities in 2023.

This accounted for 32% of total tourist spending, the Saudi Ministry of Tourism reported on 14 August.

Saudi Arabia’s tourism sector is experiencing unprecedented growth as the kingdom continues its efforts to diversify its revenue sources beyond oil and the traditional religious Hajj and Umrah pilgrimage tourism. The country is also investing heavily in new technologies to demonstrate its ability to shift away from traditional tourism-led transport systems.

The ministry reported that total spending by foreign visitors last year reached SAR 141 billion, of which SAR 25.5 billion (18%) was spent on shopping.

The tourism component of Saudi Arabia’s balance of payments recorded the largest historical surplus of SAR 48 billion in 2023, driven by strong growth in inbound tourism. The upward trend continued in the first half of 2024, with the number of tourists reaching 60 million and expenditure approaching SAR 150 billion.

Vision 2030

The growth is in line with government initiatives to develop the sector as part of Saudi Arabia’s broader economic diversification strategy in its Vision 2030. The tourism boom comes as the kingdom seeks to establish itself as a global tourist destination by launching ambitious projects and easing visa restrictions to attract international visitors.

According to Anita Mendiratta, Special Advisor to the Secretary General of the United Nations World Tourism Organisation, Saudi Arabia is seven years ahead of its Vision 2030 tourism goals, attracting 106 million visitors and surpassing its target of 100 million tourists.

Saudi Arabia has achieved this both materially through transportation links and immaterially through its hospitable reception of the world.

In 2019, Saudi Arabia launched an e-visa system for travellers from 66 countries, allowing them to explore the kingdom’s vast tourism potential and take part in various activities.

The high prices are aimed squarely at wealthy holidaymakers from the Gulf and wealthy East Asians, who don’t mind that the country’s new resorts are dry locations, as alcohol is currently banned even offshore.

Read more HERE

[5amseeny]

Prince of 2030 vision Saudi arabia 🇸🇦

[lyfeeonline]

Jeddah Tower: The World's Tallest Skyscraper Reaches New Heights

The architectural landscape of the Middle East is about to be redefined. After years of anticipation, construction on the Jeddah Tower, once known as Kingdom Tower, has officially restarted. This ambitious project promises to be more than just a marvel of engineering and is poised to become a symbol of Saudi Arabia’s progressive vision and a regional landmark unlike any other. Towering over a…

[digitalislamicguide]

World’s first 3D-printed mosque opens in Saudi Arabia

It is located on an area of 5,600 square meters and took approximately six months to construct. A Pioneering Project Takes Shape Marking a significant leap in construction technology, Jeddah, Saudi Arabia, recently celebrated the opening of the world’s first 3D-printed mosque. Named after the late philanthropist Abdulaziz Abdullah Sharbatly, this architectural marvel stands proudly in the…

[grey-space-computing]

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[analytixarabia]

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[cowboynia]

thinking about how in February 2022 Aramco became a joint title-sponsor of the Aston Martin F1 Team. saudi arabia has a plan called Saudi Vision 2030 in which saudi arabia and mohammed bin salman are attempting to diversify the nation's economy by investing their oil fortunes into other industries and boosting tourism. i know that jeddah gp was planned in 2019 and added to the calendar in 2021, and so i'm sure F1 is a big part of their attempt to grow sports and entertainment in saudi arabia.

same with the miami grand prix added in 2022, since Microsoft, Apple, Nvidia, Goldman Sachs and a ton of other tech and finance companies are relocating and expanding in Miami, starting from the pandemic onward.

not that it's a surprise that f1 moves where the billionaires are, but i remember someone on f1 tumblr talking about doing a report on f1 and corporate sustainability, so i've been thinking about these connections lately..

[good-old-gossip]

U.S.A.'s Favorite Dictator is SUPPRESSING ANTI-ISRAELI SPEECH in Saudi Arabia

Saudi Arabia has reportedly launched a crackdown on citizens who express views critical of Israel’s ongoing war on Gaza online.

The claims in a Bloomberg report on Wednesday come as US officials suggested talks are underway for a Saudi-Israel normalisation deal.

According to the report, citing unnamed diplomatic sources, the detentions include an executive who works for a company involved in Vision 2030, the flagship economic project spearheaded by Saudi Crown Prince Mohammed bin Salman. Sources familiar with the matter said that the person was arrested in connection with expressing “incendiary” views on the current Israel-Gaza conflict.

A second detainee is a media personality who Bloomberg reports had said that “Israel should never be forgiven”, and another is someone who called for a boycott of US fast food restaurants in the kingdom.

MEE has contacted the Saudi foreign ministry for comment but had not received a response by the time of publication. In 2020 and 2021, Israel reached US-brokered normalisation agreements with the UAE, Bahrain, Sudan and Morocco.

Since then, there has been persistent speculation about a similar deal with Saudi Arabia, a key US ally.

In January, Prince Khalid bin Bandar, the Saudi ambassador in London, said that a normalisation deal was “close” but the kingdom paused US-brokered talks after the deadly attack on Israel on 7 October by Hamas-led fighters.

The Saudi foreign ministry said in February that no normalisation will take place without a ceasefire and progress toward Palestinian statehood.

However, US Secretary of State Antony Blinken said this week that Washington and Riyadh have engaged in intensive diplomacy over the past month to reach the normalisation deal.

“The work that Saudi Arabia, the United States have been doing together in terms of our own agreements, I think, is potentially very close to completion,” he said on Sunday.

Crackdowns on free speech, particularly the detention of people for social media posts, has been a common practice since Bin Salman became crown prince in 2017. The kingdom does not disclose the number of those detained, and does not prosecute them within the normal judiciary.

[collapsedsquid]

Saudi Arabia has told the bankers and consultants it works with that they risk prosecution and prison time if they cooperate with a probe by US lawmakers into the planned merger of the PGA Tour with LIV Golf, according to congressional testimony. The kingdom’s Public Investment Fund sued its advisers in a Saudi court in November in order to prevent them from submitting information to the US Senate committee on homeland security and governmental affairs. Violating the court order could lead the kingdom to imprison executives and their staffers for 20 years, according to veteran investment banker Michael Klein, one of the top advisers to the fund.

You can bomb Yemenis all you want but this seems like the type of shit you can't do if you want to join the Important country club, a real obstacle to vision 2030

[khalid-albeshri]

Reasons behind the fast economic growth of Saudi Arabia:

The rapid economic growth of Saudi Arabia in 2022, especially being the fastest-growing among G20 economies, can be attributed to several key factors:

- Increased Oil Production and Prices: Saudi Arabia, being one of the world's largest oil producers, benefited significantly from rising global oil prices and increased production levels. The rebound in global demand for oil post-pandemic, combined with geopolitical tensions that disrupted other oil supplies, contributed to higher revenues.

- Economic Reforms Under Vision 2030: The Saudi government’s Vision 2030 initiative aims to diversify the economy away from oil dependency. Reforms under this vision have encouraged growth in non-oil sectors such as tourism, entertainment, real estate, and finance, driving economic expansion.

- Investment in Infrastructure: Major infrastructure projects, including NEOM, the Red Sea Project, and the expansion of Riyadh, have attracted significant investments. These projects are not only boosting construction and related industries but are also creating jobs and stimulating the overall economy.

- Foreign Direct Investment (FDI): Saudi Arabia has seen an increase in FDI due to improved business regulations, economic reforms, and strategic partnerships with global companies. The Kingdom's efforts to create a more business-friendly environment have made it an attractive destination for foreign investors.

- Strong Private Sector Growth: Government initiatives to boost the private sector, including supporting small and medium enterprises (SMEs), have contributed to economic growth. Privatization of certain sectors and public-private partnerships have also played a role.

- Expansion of Non-Oil Sectors: Sectors such as tourism, entertainment, and technology have seen rapid growth, fueled by government support and increased consumer spending. Events like the Saudi Seasons, international sporting events, and cultural festivals have attracted visitors and investments.

- Labor Market Reforms: Reforms in the labor market, including Saudization efforts (Nitaqat program) and improved labor laws, have increased workforce participation and productivity, particularly among women and young Saudis.

- Fiscal Prudence and Debt Management: Saudi Arabia has implemented effective fiscal policies, including managing public debt and reducing the budget deficit, which has helped stabilize the economy and promote growth.

- Global Economic Recovery: The global economic recovery post-COVID-19 also played a role, as increased global trade and investment flows positively impacted Saudi Arabia's economy.

These factors combined to create a robust and diversified growth environment, contributing to Saudi Arabia's rapid economic expansion

#KhalidAlbeshri #خالدالبشري

[duhragonball]

Were you aware of/do you have an opinion on the Dragonball theme park that is starting construction soon? On the one hand it seems like that Harry Potter theme park (which was a dumb idea, nobody serious cares about HP anymore), but Dragonball also isn't shitty, and Akria Toriyama didn't spend the last years of his life making sure everyone knew he was a transphobe (which J.K. Rowling is doing her best to do). Do you have a take?

I was not aware of any of this, so I don't think I have much to contribute to the conversation.

The article I just found was published only a few hours ago, so I guess this is a HOTTT scoop? Also, it looks like the thing is being built in Saudi Arabia, so I guess that's why this got announced in the middle of the night where I live. It's 3am here and I'm up early because I went to bed at 7pm and woke up around 1am.

Okay, so the Saudi connection is something I can talk about, because this sounds a lot like the same agenda that led to the WWE's infamous deal with Saudi Arabia. For those of you who aren't into pro wrestling, in 2018 WWE started putting on events in Jeddah and Riyadh. This has been controversial for several reasons, but the main sticking point is that the Saudi assassination of dissident journalist James Khashoggi took place in October 2018, a few weeks before WWE's second-ever Saudi show, Crown Jewel. The U.S. condemned the assassination, and politicians pressured WWE to call off the show, but the Kingdom paid a lot of money for the deal, and Vince McMahon only cares about himself, so they just went ahead and did the show anyway. There's other issues, but that one especially stuck in my craw, and it's why I canceled my WWE Network subscription and haven't watched their product ever since.

Basically, the Saudi government has been trying to revamp their economy to reduce dependence on the petroleum industry. The WWE deal is part of the "Saudi Vision 2030" project, which aims to increase the economic, social, and cultural diversification of the country by the end of this decade. Tourism is a big part of that plan, which is why they're paying big money for sporting events, live shows, and so on. Their plans also include a lot of political and social reforms, but this feels like an afterthought, especially to a lot of critics. For example, they announced a "Red Sea Film Festival" in 2019, but in order to put on such an event, they first had to lift a 35-year moratorium on building new movie theaters. They started allowing women to enter the King Fahd International Stadium for the first time, but that's probably just because they really wanted a packed house for these shows and concerts they're putting on.

The whole thing smacks of propaganda designed to distract the public from KSA's lousy record on human rights. When WWE was promoting their first Jeddah show, they ran a lot of video packages about Saudi Vision 2030 and talked up how cool it was that the country was seeking to modernize. Meanwhile, a lot of their roster couldn't even go to these shows for various reasons. Sami Zayn's a Syrian by descent, Noam Dar is an Israeli, and Montel Vontavious Porter is a former Muslim, so he might get executed for apostasy if he entered the country. The women's roster was a whole other thing. I think they were just left at home for the first couple of shows, and then they gradually started allowing more women to participate. And all those slick Saudi Vision video packages looked pretty hollow when James Khashoggi got murdered.

My take has been that KSA is just throwing money at their problems and trying to distract their critics. Saudi Arabia is practically synonymous with oil, and that's what made the country rich. I watched a video on this a while back, and if I remember right, they discovered oil in the 1930s and wanted to avoid getting exploited by the British and French, so they partnered with the United States. That prosperous relationship allowed Saudi Arabia to become a regional power and basically have things their way. The human rights problems were allowed to persist because they knew the U.S. would always back them up to protect their oil interests.

But over the last fifty years or so, U.S. dependence on Saudi oil has declined. See, it's not that Saudi Arabia has more crude oil than other countries. What made it so important in the petroleum industry is that Saudi crude is much easier to refine than other sources. So Saudi refineries can produce more fuel in a short span of time, which gave them a lot of leverage in that sector. But there's been a big push in the U.S. to seek out and refine more crude oil domestically, and that's cut into Saudi Arabia's prestige. Now, when rival powers like Iran start bothering Saudi Arabia, the U.S. isn't as quick to offer support, and that's why KSA is trying to figure out how to adapt to the changing times.

To be blunt, I don't know how the hell a Dragon Ball theme park helps solve any of this. If the oil revenue is on the decline, then it makes sense for a country to invest in other industries while the coffers are fuil, but now Saudi Arabia has to backtrack a lot of their draconian laws and authoritative policies to improve their public image. And they need to do it quickly, but not so quickly as to upset the conservative elements in the country.

Like, all right, let's say they open this park, and they really want people to fly in from all over the world. I know a lot of women in the Dragon Ball fandom. What kind of restrictions would they have to deal with in the park? Is there a stringent dress code? They made a big deal out of the historic first-ever women's match at one of those Crown Jewel shows, but the wrestlers had to wear black unitards under their usual ring gear. So they eased up on some rules, but you watch the show and you can tell there's still some rules in place.

I've met a lot of LBGTQ+ people in this fandom. Can they go to the Saudi Dragon Ball theme park? Can a same-sex couple hold hands as they wait in line to ride the Ginyu Force Log Flume? And I'm sure there's a guy at the General Entertainment Authority office who would assure me that it's all good, nothing to worry about, everyone is welcome, please come to the theme park and spend lots of money. But once you get there? Remember, James Khashoggi was a citizen of Saudi Arabia, and he walked into that consulate assured that everything would be cool, and then it wasn't.

You mentioned the Harry Potter theme park, and yeah, that whole franchise is a PR hot mess, but at least I don't have to ask these kinds of questions about who can go to the park without getting detained. That's the public relations mess Saudi Arabia has to clean up. At least with Harry Potter, they just have to distract people from one hateful, cranky billionaire. For most casual fans, "J.K. Rowling" is a name they barely notice in the credits. But Saudi Arabia's issues are baked into the government, laws, and history of the whole country. Reform is possible, but it isn't as simple as the propaganda makes it sound. There's a lot of damage that needs to be repaired.

I'm sorry, I kind of turned this into a rambling essay about Saudi Arabia's pivot to tourism, but for me that's the main issue here. The park might get completed and it may even do big business, but I don't think there's a lot of transparency with these projects. From what I've heard, the WWE shows in Jeddah and Riyadh don't actually make a lot of money. Much of the live crowd attends for free just to make the shows look more popular than they are, and WWE only plays along because they're getting paid handsomely for the effort. It just comes across like the country is spending lots of money to imitate a tourist destination without actually becoming one. So the Dragon Ball park looks like it's also going to be a means to an end. Someone in charge liked the idea enough to push it through, but that doesn't translate into success.

Oh, wait, I just realized: What if the park opens, then fails, and it gets abandoned? I really don't have any interest in theme parks, but abandoned theme parks kick ass. Imagine Dogpatch U.S.A, except it's Dragon Ball themed. That would be amazing. I hope I live long enough to see photos of it when it gets all old and decrepit.