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Over the years, Saudi Arabia has undergone a rapid and noteworthy transformations. In October 2022, the Kingdom inaugurated its inaugural integrated Special Economic Zone in Riyadh, which attracted high-profile tenants such as Apple. The kingdom has recently introduced four new Special Economic Zones (SEZs) in different locations throughout the country. This initiative further strengthens the …

How the Saudi Kingdom plans to rule with SEZs in consonance with their goals of 2030 Read More »

In the heart of The Middle East, Africa and Asia (MEASA) markets, Dubai is undoubtedly one of the most geographically lucrative spaces in the world for setting up companies and corroborating business networks. Established in 2004, Dubai International Financial Centre (DIFC) hosts a number of financial services companies, high-end retail outlets as well as other …

The basics of setting up your business in the Dubai International Financial Centre Read More »

UAE’s vision of being the world leader of AI by 2031 is so far one of its most ambitious and zealous goals. Here’s a brief account on how it is taking shape. The ministry of AI: The kingdom has always surprised the world by establishing unprecedented ministries. Having created the ministry of happiness in 2016, …

Four reasons why UAE might be ahead of most its counterparts in the AI game Read More »

Lucid Group intends to generate approximately $3 billion through a stock offering, with the majority of the funding sourced from its existing investor, the Public Investment Fund of Saudi Arabia, the nation’s sovereign wealth fund. According to Lucid’s statement, the Public Investment Fund (PIF) of Saudi, currently holding a majority stake of 60.5 percent in …

Lucid’s Ambitious Stock Offering: $3 Billion Raise, with Saudi Arabia’s PIF as Leading Contributor Read More »

The hyper-luxury automobile giant Bugatti along with Binghatti has unveiled their game changing real-estate venture in the heart of Dubai. Mate Rimac, CEO of Bugatti Rimac, and Muhammad BinGhatti, CEO of Binghatti revealed this extraordinary project at Dubai’s Coca-Cola Arena on May 24th, 2023. This 46 – storey building consists of 11 penthouses and is …

Bugatti revolutionizes luxury living in Dubai with exquisite drive-in penthouses Read More »

Amazon is set to launch a new fulfilment centre measuring 390,000 sq. ft. with a storage capacity of 2.7 million cubic feet, i.e. a storage capacity of 9 million products. The inauguration ceremony took place in the presence of Engineer Suliman Almazroua, CEO of the National Industrial Development and Logistics Program. Delegations from the Ministry …

Amazon unveils a massive fulfillment center in Riyadh, increases storage capacity by two times Read More »

The New Development Bank based in Shanghai, also known as the “BRICS” bank, is to consider Saudi Arabia’s membership on board in light of the effect of the Russian-Ukranian crisis and passive de-dollarization movements.   The NDB is a multilateral financial institution created by the BRICS countries, including Brazil, Russia, India, China, and South Africa. …

Saudi Arabia being considered as the ninth member of the BRICS’s New Development Bank Read More »

H.E. Abdulla bin Touq Al Marri, the UAE Minister of Economy, recently held a meeting with Shri Piyush Goyal, the Indian Minister of Commerce, Industry, Consumer Affairs, Food & Public Distribution and Textiles, as well as Shri G. Kishan Reddy, the Minister of Tourism and Culture of India. The purpose of the meeting was to …

UAE and India, investment opportunities and so much more! Read More »

Widely known as the “route of development”, Iraq announces an ambitious plan of developing its road and rail infrastructure across the length of the country. This project is to encompass a total of 1200 kilometers stretching right from the border in the north surrounding Turkey to the Gulf at its south. The project was announced …

Iraq’s 17B$ transport project, a linkage between the gulf and the Europe Read More »