Our Insights

Effective January 2020, the government of Saudi Arabia has announced that the commercial activities, including shops and businesses, will be allowed to stay open for 24 hours a day.

The Public Transport Authority (PTA), in cooperation with the Saudi Commission for Tourism and National Heritage (SCTH), has started to implement qualitative changes in the Kingdom’s taxi sector.

The 2020 commitments include driving the private sector to reach SR 13-14 billion to the GDP, securing around SR 35-40 billion government revenues from asset sales and SR 30-35 billion net government savings from privatization or public-private partnership.

Represented by the King Abdul-Aziz City for Science and Technology (KACST), The Kingdom of Saudi Arabia has launched its first satellite for communications on February 2019.

The Organization of the Petroleum Exporting Countries (OPEC) nations and its alliance, led by Saudi Arabia and Russia agreed to deepen their oil cuts to 1.7 million b/d from the current.