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Surge in Saudi firms looking to set up operations in Qatar: Pro Partner


RIYADH: The number of Saudi-owned companies looking to set up operations in Qatar surged in the first quarter of this year following the restoration of political, trade and travel ties between the two Gulf neighbors.
The resumption of relations between the two countries has seen a 40 percent rise in the number of Saudi companies looking to open operations in Qatar, according to James King, general manager of the Qatar office at the Pro Partner Group, a firm which specializes in company formations.
While he did not give specific numbers, King said that his company had seen a 75 percent year-on-year rise in activity during the first quarter of 2021 and the number of inquiries coming from Saudi companies has increased by 40 percent year-on-year for the first three months of this year. ....

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Company setup firm predicts strong growth as it expands into Saudi Arabia


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 ....

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