BSUS Congratulates KSA on Saudi National Day 2023

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...