Welcome to Business Start Up Saudi Arabia

Saudi Cabinet approves strategic framework to enhance FDI

Saudi Arabias government cabinet has approved a comprehensive national framework designed to stimulate foreign direct investment (FDI). The strategic move lays foundations for increased economic collaboration...

Saudi Arabia to launch SAR 45 billion worth of water projects

Saudi Water Partnership Company (SWPC) has announced plans to initiate 18 new water projects valued at SAR 45 billion (USD 12 billion) throughout Saudi Arabia over the next three years. This initiative...

Saudi Arabia's non-oil exports experience significant growth

Saudi Arabia witnessed a remarkable 19% surge in non-oil exports in July 2024 reaching SAR 25.4 billion (USD 6.77 billion), up from SAR 21.3 billion (USD 5.68 billion) in the same month last year.

Such...

Saudi Arabias Recycling Initiative aims to be world leader

Saudi Arabia is poised to become a leader in waste management with a bold recycling strategy announced by the Ministry of Environment. The plan aims to recycle up to 95% of the Kingdoms waste by 2040,...

Saudi’s ZATCA implements major customs fee reforms

Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) recently announced it will eliminate all fees associated with export-related customs services and reduce import service fees to just 0.15% of the...

Saudi attracts 184 foreign company headquarters in 2024

Saudi Arabia has attracted a record 184 foreign companies to relocate their regional headquarters to the Kingdom in the first half of 2024, according to the Ministry of Investment of Saudi Arabia.

Further...

Saudi Arabia introduces unified investment law amid further reform

Saudi Arabia recently unveiled a transformative update to its investment law, introducing a unified framework designed to offer investors unparalleled transparency, flexibility and confidence. This landmark...

Saudi Arabia permits 100% foreign owned businesses

Saudi Arabia is paving the way for unprecedented international investment with its groundbreaking policy allowing 100% foreign ownership across most business sectors. This progressive move is set to attract...

Saudi Arabia to dominate world's construction market

Saudi Arabia is poised to become the world’s largest construction market as the Kingdom pours vast resources into projects aimed at diversifying the economy. The London based real estate consultancy...

Saudi women hold over 1,700 key posts in employment market

Saudi women leaders amounted to 1,707 thanks to the leadership training and guidance initiative by the Ministry of Human Resources and Social Development under the Vision 2030.

Importantly, the figure...

Saudi Arabia’s PIF launches company to enter space sector

Saudi Arabia’s space and satellite sector is set to receive a strategic boost with the Kingdom’s wealth fund establishing the Neo Space Group.

The wholly owned Public Investment Fund (PIF){_blank}...

Saudi and IBM developing AI in several Arabic dialects

Saudi Arabia and IBM have joined hands to pioneer a transformative project - a generative AI programme designed to embrace the rich tapestry of Arabic dialects.

This innovative venture, spearheaded...

Saudi Arabia to welcome European Chamber of Commerce

Saudi Arabia will see the first European Chamber of Commerce in the Gulf region open in Riyadh, according to the EU’s special representative for the Gulf region.

The inaugural European Chamber of...

Saudi Arabia's non-oil activity increasing in line with Vision 30

Saudi Arabia's non-oil business activity grew at a steady rate in April according to a recently published survey with domestic demand driving output.

The seasonally adjusted Riyad Bank{_blank}...

Saudi Arabia attracting GCC companies to lucrative opportunities

Saudi Arabia is attracting an influx of companies from across the Gulf Cooperation Council (GCC) due to burgeoning prospects and transformative development sweeping through the Kingdom.

Moreover, the...

Saudi sovereign wealth fund holds SAR 3.5 trillion in assets

Saudi Arabia’s Public Investment Fund (PIF) has enjoyed a 55 percent increase in assets under management and is now valued at SAR 3.49 trillion (USD 925 billion).

According to figures from the US...

Saudi Arabia waives customs duties to boost industrial sector

Saudi`s Ministry of Industry and Mineral Resources has announced that customs duties on selected manufacturing products will be waived from April 1.

The decision aims to help businesses with valid import...

Saudi CEO`s forecast business optimism and economic growth

Saudi Arabian Chief Executive Officers have shown unprecedented optimism for the economic growth prospects of the Kingdom over the next year.

According to a study by Price Waterhouse Coopers (PWC){_blank}...

Saudi Arabia to add 250,000 hotel rooms, revises tourist targets

Saudi Arabia plans to add 250,000 hotel rooms by 2030 according to the Kingdom’s Ministry of Tourism, with 75,000 to be contracted to the private sector. Meanwhile, approximately 12 resorts on the Red...

Saudi Arabia launches National Biotechnology Strategy

Saudi Arabia recently launched its National Biotechnology Strategy with the aim of cementing the Kingdoms position as the MENA leader in this vital sector.

The country will establish a state of the...

Saudi administrative court aims to boost investor confidence

Saudi Arabia's Ministry of Justice recently announced the Kingdoms first administrative enforcement court with jurisdiction over government entities and officials in a bid to boost investor confidence.

The...

Saudi Arabia approves 2024 budget estimates SAR 1.2 trillion revenue

Saudi Arabia recently approved its 2024 state budget with estimated total revenues at SAR 1.2 trillion (USD 312.5 billion) according to the Saudi Press Agency (SPA).

The budget is aligned with the [Kingdoms...

Saudi Arabia will generate 250,000 jobs by hosting Expo 2030

Saudi Arabia is expecting to create upto 250,000 jobs following confirmation it will host Expo 2030{_blank} in Riyadh according to the Minister of Tourism.

These opportunities...

Saudi Arabia’s Northern regions have SAR 1.2 trillion in minerals

Saudi Arabia’s Northern Borders Region has SAR 1.2 trillion (USD 320 billion) worth of mineral wealth deposits, according to figures announced at a recent Investment Forum.

The Northern Border Investment...

Saudi Arabia releases FDI statistics under new methodology

Saudi Arabia`s Ministry of Investment recently released updated statistics detailing foreign direct investment (FDI) into the Kingdom. The new methodology is preferred by the International Monetary Fund...

Saudi`s PIF announces voluntary compliance to aid transparency

Saudi Arabia`s Public Investment Fund (PIF) recently announced it would comply with the Global Investment Performance Standards (GIPS) from the Chartered Financial Analyst (CFA) Institute.

The sovereign...

Saudi Arabia to grant premium residency for regional HQ executives

Saudi Arabia’s Ministry of Investment is offering a premium residency to executives based at regional headquarters. The initiative is part of its ongoing efforts to enhance its business environment and...

Saudi fund to invest SAR 112million in Middle East startups

State owned Saudi Venture Capital (SVC) is investing SAR 112 million (USD 30 million) in a fund that will finance startups and growth-stage companies from Saudi Arabia and the Middle East.

Impact46,...

Saudi and UK Ministers discuss trade and cultural co-operation

Saudi ministers recently discussed enhancing co-operation in trade and cultural sectors with their United Kingdom (UK) counterparts on the sidelines of the GCC Ministers of Trade and Industry meeting in...

BSUS Congratulates KSA on Saudi National Day 2023

Business StartUp Saudi Arabia would like to congratulate the Kingdom of Saudi Arabia and its people on the occasion of Saudi National Day 2023!

On this day in 1932, the Sultanate of Najd and the Kingdom...

Saudi tourism revenues reach SAR 37 billion amid travel boom

Saudi Arabia recorded tourist revenue of SAR 37 billion (almost USD 10 billion) as the sector witnessed a massive surplus due to an unprecedented travel boom in the Kingdom.

According to figures released...

Saudi Arabia’s largest solar project receives SAR 8.3 billion

Saudi Arabia`s National Development Fund (NDF) recently announced its participation in financing the largest renewable energy project in the country.

The Shuaiba project is a partnership between Saudi...

Saudi Arabia records 13% surge in non-oil revenues in Q2

Saudi Arabia posted revenues of SAR 314.9 billion (USD 83.9 billion) in the second quarter of 2023 according to data from the Saudi Ministry of Finance.

Encouragingly, the second quarter saw a 13% surge...

Saudi Arabia`s mega projects generating employment

Saudi Arabia’s economic diversification has turned the Kingdom into a hub for employment opportunities.

Over the past five years the country has launched several massive construction projects, including...

Saudi Arabia attracting increased investment following reforms

Saudi Arabia’s business sector witnessed an increase in commercial company registers during the second quarter of the year.

A total of 56,363 licences were issued across the period according to data...

Saudi Arabia and Oman agree MoUs at Riyadh food show

Saudi Arabia and The Sultanate of Oman have signed multiple contracts and memoranda of understandings (MOUs) at the recent Saudi Food Show. The agreements reflect the strengthening of economic and investment...

Saudi banking outlook upgraded to positive amid economic growth

Saudi Arabia’s banking system has been upgraded from stable to positive by Moody’s Investors Service{_blank}....

Saudi consumers prefer local e-commerce platforms

Saudi Arabia’s retail sector is eyeing significant growth on the back of its e-commerce market.

In a recent report, leading global management consulting firm Kearney and Saudi consulting company Mukatafa{_blank}...

Saudi Arabia rapidly advancing as global logistics hub

Saudi Arabia has increased its position in the World Bank’s Global Logistics Performance Index (LPI) by a substantial 17 places.

The LPI is an interactive benchmarking tool created by the World Bank{_blank}...

Saudi Arabias Monsha`at Authority supporting entrepreneurs

Saudi Arabia’s support of small and medium enterprises (SMEs) is transforming the Kingdom’s economy and attracting international entrepreneurs.

The Kingdoms [Small and Medium Enterprises General...

Saudi Central Bank approves two new Fintech companies

Saudi Arabian Central Bank (SAMA) recently approved two new FinTech companies bringing the total number of regulated companies in the Kingdom of Saudi Arabia to 38.

The two new enterprises - Lean Technologies...

Saudi Arabia launches Rua Al Madinah Project

Saudi Arabia recently unveiled the Rua Al-Madinah masterplan - a mega real estate development near the Grand Mosque.

The project will be developed by the Rua Al-Madinah Holding Company{_blank},...

Demand for tourism services in Saudi Arabia soars

Saudi Arabia has witnessed demand for tourism services increase 108% according to a recent Business Traveler report.

Consequently, the value of tourism services reached SAR 4.1 billion (USD 1.1 billion)...

Saudi Arabia reports budget surplus from oil revenues

Saudi Arabia’s economy is predicted to grow at 7.6% this year according to the International Monetary Fund’s (IMF) World Economic Outlook 2022 report.

Its estimates for Saudi Arabia contradict the...

More investment in local industry under NIDLP

Saudi Arabia`s National Industrial Development and Logistics Program (NIDLP) invested SAR 378 billion (USD 100 billion) in local industry projects according to its 2021 report.

The program was introduced...

Saudi Arabia’s spending on health and education up

Saudi Arabia has increased its expenditure in the health and education sectors in the first half of 2022 according to recent figures published by the government{_blank}.

These...

Saudi Arabia’s logistics sector is reaching out to the world

Saudi Arabia`s Ministry of Transport is developing the logistics sector to support the Vision 2030 program of social and economic reform.

Diversifying the economy away from hydrocarbons is an important...

Artificial intelligence to be top contributor in MENA

Artificial intelligence (AI) is estimated to contribute SAR 1.2 trillion (USD 320 billion) to the economic growth in the Middle East and North Africa (MENA) region by 2030.

The figures were derived...

Interest of foreign investors booms in Saudi Arabia

Saudi Arabia’s Ministry of Investment (MISA) facilitated over 100 investment contracts valued at SAR 15 billion (USD 4 billion) in the first quarter of 2022.

The investments will create over 5,800...

Public Investment Fund doubles down on gaming sector

Saudi Arabia’s Public Investment Fund (PIF) is doubling down on the gaming sector, making its fourth investment this year.

As part of the country’s economic diversification strategy in line with...

Women in Saudi Arabia to transform family businesses

More Saudi women entering leadership positions in family businesses will inspire others according to a recent report published by KPMG.

The findings are part of the KPMG ["The Power of Women in Family...

Demand and timing key to success in Saudi Arabia

Saudi Arabia’s technology sector is growing rapidly as start-ups, scale-ups and small businesses take advantage of the Kingdom’s ongoing economic reforms.

Specifically,...

PIF generated half a million jobs in Saudi Arabia

Saudi Arabia`s Public Investment Fund (PIF) has generated over 500,000 jobs in 13 strategic sectors.

One of the central roles of the PIF is to increase economic and business opportunities in the Kingdom...

Saudi Green Initiative to be launched in November

Saudi Arabia will launch the Saudi Green Initiative in November as the Kingdom continues its journey towards a sustainable future.

Sustainability is at the heart of the Saudi Vision 2030{_blank}...

Innovation driven by health sector in Saudi Arabia

Saudi Arabia is actively encouraging innovation in the health sector to promote healthier lifestyles with better mental health.

It is expected to result in superior healthcare with benefits including...

Saudi Arabia’s hospitality sector is expanding quickly

Saudi Arabia welcomed 15 million tourists in the first three months of 2022 as the tourism sector witnessed a post pandemic revival.

Prior to the pandemic, Saudi Arabia transformed its tourist visa...

Saudi Arabia’s economy is estimated to grow significantly

Saudi Arabia's economy grew by 9.6% in the first quarter of 2022 according to flash estimates by the General Authority for Statistics (Gastat){_blank}.

Early figures record...

Turkey and Saudi Arabia enroute to revive ties after visit

Saudi Arabia`s King Salman welcomed Turkish President Tayyip Erdogan recently at the al-Salam palace in the Red Sea city of Jeddah.

It is hoped the visit will lead to the normalisation of relations...

Saudi Arabia improves status of foreign investors

Saudi Arabia`s most recent investment law is expected to increase international business in the country by 50 percent and significantly increase the country’s non-hydrocarbon gross domestic product.

The...

Saudi Arabia’s economic performance in 2021

Saudi Arabia`s economy recovered in 2021 after a difficult year with the restrictions of the pandemic as national, regional and international vaccination campaigns were rolled out and had an effect also...

Saudi Arabia is breeding ground for success stories

The most recent news from Saudi Arabia suggest that the country has a lot of potential for entrepreneurs,...

Saudi Arabia launches Al Ula masterplan

Saudi Arabia has launched “The Journey Through Time” masterplan to develop the 200,000 year old area of Al Ula. It will be implemented in three phases with the first phase set to be completed by 2023...

Saudi Arabia speeds up privatisation plans with PPP

Saudi Arabia is committed and dedicated to the economic transformation program and is witnessing...

Saudi Arabia’s business activity expands rapidly

The Kingdom of Saudi Arabia has seen an increase in the business activity at the fastest pace since 2017 according to the most recent figures for the first half of the year.

[The Purchasing Managers...

Saudi Arabia reforms sponsorship rules and limits disputes

Saudi Arabia’s sponsorship reforms have led to more job mobility and less labour disputes.

The Ministry of Human Resources & Social Development{_blank} introduced the new...

Saudi Arabia innovates agriculture with organic farms

Saudi Arabia’s SAR 750 million (USD 200 million) strategy for innovation in agriculture has seen...

Launch of Business Start Up Saudi Arabia

Launch of Business Start Up Saudi Arabia

Dear businessmen and women, colleagues, friends and followers!

We are pleased to announce the launch of Business Start Up Saudi Arabia

It...

The impact of the digital transformation on Saudi Arabia’s economy

The Kingdom of Saudi Arabia has the potential to double the size of the economy to SAR 6 trillion (USD 1.6 trillion), if it endorses, promotes and supports the digital transformation in the country.

This...

Economic diversification is key to the growth of Saudi Arabia’s economy

Economic diversification is key to the development of the Kingdom of Saudi Arabia and the diversification of the economy. It is expected to have positive effects which will lead to long-term benefits for...

Saudi Arabia’s economic outlook in line with the Saudi Vision 2030

Experts forecast that the economy of the Kingdom of Saudi Arabia will grow more significantly in the next years as the country looks towards economic diversification, self-sufficiency and sustainability...