Welcome to Business Start Up Saudi Arabia

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...