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JEDDAH: The Saudi capital is witnessing a surge in business activities since multinational companies announced moving their regional bases to the city. So far, over 40 multinational companies in sectors including IT, food and beverages, consulting and construction have announced plans to set up headquarters in Riyadh and many more planning to make their move. Paul Arnold, ....
JEDDAH: A Dubai-based firm specializing in company formations is planning to expand to Saudi Arabia in the coming weeks. It believes that, given the opportunities in the Kingdom, its Saudi office will eventually outperform its existing operations in the UAE and Qatar. Pro Partner Group was established in 2014 and has offices in Abu Dhabi, Dubai, Oman and Qatar. The company helps new entrants into the market to manage the legal requirements, arrange employment visas and other paperwork. The company aims to take advantage of the Riyadh Strategy 2030 announced by Crown Prince Mohammed bin Salman in January and is expanding its operations into Saudi Arabia within the next six weeks. Under the ambitious plan, the government wants to attract up to 500 international companies to set up their regional bases in the city, creating around 35,000 new jobs for Saudi locals and doubling the capital’s population. The strategy aims to invest up to SR70 billion ($18.67 billion) in the n ....
Sovereign AEI sees 50% spike Saudi business activity tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Sovereign AEI sees 50% spike Saudi business activity RIYADH, 1 hours, 45 minutes ago Sovereign AEI, a leading specialist in foreign direct investment and leaders of commercial success in Saudi Arabia, has reported a 50% increase in the Kingdom’s commercial activity. Since the establishment of the strategic partnership in 2019, Sovereign AEI has reported solid performances in its operations, enabling over 600 business visits to Saudi Arabia in 2019 alone. Of these, 50% were first time visitors and over 70% went on to achieve success in the Kingdom. AEI alone has enabled over 1,500 foreign businesses to enter, establish or expand in Saudi Arabia since the company commenced operations in 2012. ....