The Board of Directors at the Saudi National Center for Privatization and PPP (NCP) has approved the Private Sector Participation (PSP) Law Implementing Regulations.The Implementing Regulations, which were set according to international practices and local experiences, replace the Privatization Projects Manual and the rules of conduct of the supervisory committees of privatization targeted sectors.The regulations...Read More
Unlike European and North American businesses, the MENA region, in general, has not had to deal with complex data protection legislation.However, the newly enacted Personal Data Protection Law (PDPL) on September 24, 2021, which will come into effect on March 23, 2022, has led to the imposition of national regulation on businesses across the Kingdom...Read More
The Saudi Ministry of Investment launched a new service to set up and start business from outside the Kingdom in three steps, a new service that opens wide horizons for investors and companies.The new service, which was inaugurated in many of the Kingdom’s embassies, associates with the Ministry of Commerce and the Ministry of Foreign...Read More
Justice Minister Walid Al-Samaani during his participation at the Saudi Family Forum 2021 on Sunday, said that Saudi Arabia’s Ministry of Justice is set to release the personal status draft law, announced by Crown Prince Mohammed bin Salman, with the main focus on family status, strengthening the family bond and reducing the negative impact of...Read More
The Saudi-Moroccan Business Council aims at promoting five promising sectors in tourism, electricity, renewable energy, food, and logistics.Several initiatives were launched within the Council of Saudi Chambers to foster these sectors forward. Initiatives aim to address the decline in the volume of trade exchange between the two countries, which dropped from $2.9 billion in 2011...Read More
Saudi Minister of Finance Mohammed Al-Jadaan said the 2022 budget reflects the Kingdom’s keenness to boost the economic growth in post-COVID 19 periods.He added that the budget expresses the government’s keenness to use the financial resources to support health, education, and development of basic services, in addition to continuing support and social subsidies.While announcing the...Read More
The Najiz is a model center managed by the ministry of justice (MOJ) in partnership with the private sector. It services businessmen and individuals and provides all ministry services under one roof. It operates in high quality and professional work environment to save the client time and effort.Najiz has served over 60,000 clients since its...Read More
Saudi Arabia’s higher authorities have approved making three new amendments in the Anti-Bribery. The competent authorities and heads of the concerned departments and agencies have been notified about the amendments with copies of the amended text being distributed to them.The amendments cover using the phrase “every person” instead of the phrase “every public employee.” It...Read More
Saudi Arabia’s higher authorities have approved making three new amendments in the Anti-Bribery. The competent authorities and heads of the concerned departments and agencies have been notified about the amendments with copies of the amended text being distributed to them.The amendments cover using the phrase “every person” instead of the phrase “every public employee.” It...Read More
Saudi Aramco’s award of $10 billion worth of contracts seems to be the spark of launching the world’s biggest shale gas field outside of the US.Having battled with America’s shale oil producers for market share over the last decade, Saudi Arabia is now adopting the advanced low-cost techniques of its fracking rivals and is set...Read More
