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Showing posts from January, 2026

Investment Ministry calls on non-Saudi companies to register their real estate investments

The Ministry of Investment, represented by the "Invest in Saudi Arabia" platform, called on non-Saudi companies and entities to register their real estate investments through the "Invest in Saudi Arabia" platform. The Ministry of Investment, represented by the "Invest in Saudi Arabia" platform, called on non-Saudi companies and entities to register their real estate investments through the "Invest in Saudi Arabia" platform. January 29, 2026 -Saudi Gazette report RIYADH — The Ministry of Investment, represented by the "Invest in Saudi Arabia" platform, called on non-Saudi companies and entities to register their real estate investments through the "Invest in Saudi Arabia" platform. This follows the implementation of the new law allowing non-Saudis to own real estate effective from January 22. The Law of Real Estate Ownership by Non-Saudis allows non-Saudis to benefit from approved investment pathways and available incentives, a...

Saudi Arabia begins implementation of national privatization strategy

  Strategy targets over 220 public-private partnership contracts, more than SR240 billion in private investment by 2030, and tens of thousands of jobs across 18 sectors The strategy targets 18 priority sectors and aims to raise satisfaction levels with public services while creating tens of thousands of specialized jobs.  The strategy targets 18 priority sectors and aims to raise satisfaction levels with public services while creating tens of thousands of specialized jobs.  January 29, 2026 - Saudi Gazette report RIYADH — Saudi Arabia has begun implementing its National Privatization Strategy following Cabinet approval, Finance Minister Mohammed Al-Jadaan announced. This marks a new phase aimed at improving infrastructure quality, upgrading public services and expanding private sector participation in economic development. Al-Jadaan, who also chairs the board of the National Center for Privatization, said the strategy received Cabinet approval on Nov. 25, 2025, and aligns...

Commerce ministry announces results of car dealership and online store evaluations in its bid to improve service quality

 The Ministry of Commerce announced on Thursday the results of three evaluations covering car dealerships, electrical and electronic appliance dealers and distributors, and online stores. The Ministry of Commerce announced on Thursday the results of three evaluations covering car dealerships, electrical and electronic appliance dealers and distributors, and online stores. January 29, 2026 - Saudi Gazette report RIYADH — The Ministry of Commerce announced on Thursday the results of three evaluations covering car dealerships, electrical and electronic appliance dealers and distributors, and online stores. The ministry explained that these second phases of evaluations aimed to raise the quality of services provided, enhance establishments' compliance with approved standards, and improve the customer experience. It clarified that the car dealership evaluation included 24 dealerships and comprised four main criteria: inventory and reservation data, after-sales services, compliance level...

Ministry of Municipalities: 24-hours average processing time for issuing group housing licenses

 The Ministry of Municipalities and Housing had issued 1,239 new group housing licenses and more than 1,000 licenses compliant with Saudi architectural standards during the year 2025. The Ministry of Municipalities and Housing had issued 1,239 new group housing licenses and more than 1,000 licenses compliant with Saudi architectural standards during the year 2025. January 29, 2026 -Saudi Gazette report RIYADH — The Ministry of Municipalities and Housing had issued 1,239 new group housing licenses and more than 1,000 licenses compliant with Saudi architectural standards during the year 2025. The ministry revealed that the municipal licensing system continued to develop its procedures through digital channels and approved pathways, with the average license issuance time during 2025 reaching approximately 24 hours. Around 87 percent of licenses were issued within 24 hours or less, according to the approved licensing procedures. This is within the approved municipal licensing system as...

General manager position restricted to only Saudis; Qiwa clarifies

General manager position restricted to only Saudis; Qiwa clarifies January 29, 2026 - Okaz/Saudi Gazette RIYADH — The Qiwa platform, under the Ministry of Human Resources and Social Development, has removed the general manager profession from its records for expatriates, confirming that this profession is restricted to Saudi citizens only. It explained that establishments with employees holding the general manager profession can change this to other professions, such as CEO or chairman of the board, provided that the employee is registered in the commercial registration with the same profession and that there are no other employees with the same profession within the establishment. The Qiwa platform has also begun suspending the service of changing certain professions for expatriate workers. The most prominent of these professions include general manager, sales representative, marketing specialist, and purchase manager. A message, appears for establishments wishing to change their empl...

Saudi Arabia opens capital market to all foreign investors from Feb. 1, 2026

 Saudi Arabia opens capital market to all foreign investors from Feb. 1, 2026 January 06, 2026, Saudi Gazette report RIYADH — The Capital Market Authority (CMA) announced the opening of Saudi Arabia’s capital market to all categories of foreign investors, allowing them to invest directly across all market segments starting Feb. 1, 2026. The decision follows the CMA board’s approval of a new regulatory framework permitting non-resident foreign investors to invest directly in the Main Market, making the capital market accessible to a broad range of global investors. The approved amendments aim to expand and diversify the investor base in the Main Market, support investment inflows and enhance market liquidity. Under the new framework, the CMA has eliminated the concept of the Qualified Foreign Investor (QFI) in the Main Market, enabling all categories of foreign investors to access the market without the need to meet qualification requirements. The amendments also abolished the regul...

Public Prosecution warns against cyber harassment crimes

 Public Prosecution warns against cyber harassment crimes Saudi Gazette report RIYADH — Saudi Arabia’s Public Prosecution warned against the crime of cyber harassment, stressing that any statement, act or gesture of a sexual nature directed at another person that violates their body, honor or modesty constitutes a criminal offense under the law. In a post on its official X account, the Public Prosecution said the crime of harassment includes acts committed through modern technological means, including social media platforms and digital applications, emphasizing the need to comply with regulations and respect societal values. The authority said the Anti-Harassment Law safeguards individual privacy, dignity and personal freedom, as part of broader efforts to protect society and promote positive behavior in the digital space.

New Saudi Arabia real estate law: Foreigners can own property from January 2026

 New Saudi Arabia real estate law: Foreigners can own property from January 2026 Real estate ownership will be allowed in defined zones, initially in Riyadh and Jeddah; purchases in Makkah and Madinah will be subject to tighter regulations In a landmark decision on July 8, the Saudi Cabinet approved an updated system that will allow non-Saudis to own properties in the Kingdom from January 2026. The new system is part of ongoing reforms aimed at boosting the real estate sector and attracting foreign direct investment. The announcement was made following a Cabinet session chaired by King Salman bin Abdulaziz Al Saud, with the Crown Prince also extending support for the decision. The update is designed to increase real estate supply and encourage international developers and investors to enter the Saudi market. Foreign ownership will be permitted within defined geographic zones, particularly in Riyadh and Jeddah, subject to specific conditions in sensitive areas such as Makkah and Med...

Saudi Arabia bans Sharia-violating names for public facilities under new rules

 Saudi Arabia bans Sharia-violating names for public facilities under new rules January 02, 2026 RIYADH — Saudi Arabia has issued new binding regulations governing the naming of public facilities across the Kingdom, introducing unified standards, governance frameworks, and clear religious and administrative restrictions, according to rules published in the Umm Al-Qura official Gazette. The “Rules and standards for naming public facilities,” recently approved by the Saudi Cabinet, will come into force 120 days after publication and apply to all publicly owned facilities nationwide. The regulations define public facilities broadly to include municipal, educational, cultural, sports, religious, health, transportation, and other government-owned assets. Each government entity will be responsible for naming facilities within its jurisdiction in accordance with the new framework and relevant laws. Under the rules, government entities must issue their own executive bylaws regulating the n...

Saudi Arabia enters global race for hyperscale data centers with launch of ‘Hexagon’ in Riyadh

 Hexagon boasts a capacity of up to 480 megawatts, spans more than 30 million square feet. (SPA) RIYADH — Saudi Arabia has formally entered the global race to build hyperscale data centers with the launch of Hexagon, the world’s largest Tier IV government data center, marking a major milestone in the Kingdom’s ambition to lead the data- and AI-driven economy. The Hexagon data center, unveiled in Riyadh, reflects Saudi Arabia’s strategic push to harness data as a core engine of national development, as digital infrastructure becomes central to economic growth in the age of artificial intelligence. The project is driven by the national data and AI strategy led by Saudi Data and Artificial Intelligence Authority (SDAIA) and aligned with the objectives of Vision 2030. A strategic asset for data sovereignty and economic diversification The launch reflects the vision of Mohammed bin Salman, Crown Prince and Prime Minister, and Chairman of SDAIA, to position Saudi Arabia as a global hub f...

Saudi Arabia approves regulations for four special economic zones, effective April 2026

 Minister of Investment Khalid Al-Falih said the regulations will come into force in April 2026.  Saudi Gazette report- January 02, 2026 RIYADH — Saudi Arabia has taken a major step toward strengthening its position as a global investment destination after the Cabinet approved the regulatory frameworks for four special economic zones (SEZs), covering Jazan, Ras Al-Khair, King Abdullah Economic City, and the Cloud Computing and Information Technology Zone. The newly approved regulations mark the formal start of the operational and legal phase for the zones, providing investors with clear guidance on incentives, eligibility requirements, and regulatory mechanisms designed to enhance competitiveness and attract high-quality investments. Minister of Investment Khalid Al-Falih said the regulations will come into force in April 2026, describing the move as a significant milestone in the Kingdom’s efforts to modernize its investment framework and strengthen its regional and internati...

Foundation stone laid for Hexagon, world's largest government data center, in Riyadh

 Foundation stone laid for Hexagon, world's largest government data center, in Riyadh January 01, 2026 Saudi Data and Artificial Intelligence Authority President Dr. Abdullah Alghamdi and  senior government officials attended the ceremony of laying the foundation for “Hexagon” Data Center in Riyadh on Thursday. Foundation stone laid for Hexagon, world's largest government data center, in Riyadh RIYADH —The foundation stone was laid for the Saudi Data and Artificial Intelligence Authority (SDAIA) “Hexagon” Data Center, the world’s largest government data center by megawatt capacity, in Riyadh on Thursday. President of SDAIA Dr. Abdullah Alghamdi, SDAIA officials as well as senior officials from various government entities attended the foundation laying ceremony. Director of the National Information Center at SDAIA Dr. Issam Alwagait made an introductory presentation on the occasion. He outlined the project’s details, technical and engineering specifications, and the operational...

Mandatory electronic transfer of salaries for all domestic workers comes into effect

 The mandatory electronic salary transfer service for all domestic workers by their employers through the Musaned platform documents wage payments via approved banks and digital wallets.  The mandatory electronic salary transfer service for all domestic workers by their employers through the Musaned platform documents wage payments via approved banks and digital wallets. RIYADH —The Ministry of Human Resources and Social Development announced that its decision for the mandatory electronic transfer of salaries for all domestic workers by their employers came into effect on Thursday, Jan.  The electronic salary transfer service through the Musaned platform documents wage payments via approved banks and digital wallets. The ministry said that this initiative marks a significant step toward safeguarding the salary-related rights of domestic workers and enhancing transparency in the contractual relationship between employers and their domestic workers. The fifth and final phas...

National address becomes mandatory for receiving parcel shipments from Jan. 1

 The Transport General Authority said that fines, ranging between SR5,000 and SR50,000, will be slapped on non-compliant parcel delivery companies, contributing to higher levels of compliance, smoother operational processes, and improved sector quality.  The Transport General Authority said that fines, ranging between SR5,000 and SR50,000, will be slapped on non-compliant parcel delivery companies, contributing to higher levels of compliance, smoother operational processes, and improved sector quality. RIYADH —The Transport General Authority (TGA) started enforcing on Thursday, Jan. 1 its decision mandating parcel delivery companies not to accept or transport any postal shipment that does not include a national address. The authority emphasized that regulatory penalties will be slapped on companies that fail to comply with the decision, according to a press statement issued by the TGA on Thursday. The authority explained that implementing this decision is part of its efforts t...

Saudi Arabia extends tax penalty waiver initiative for another 6 months

 ZATCA urged all taxpayers to take advantage of the extension of the initiative to waive fines and financial penalties that ends on June 30, 2026. Saudi Gazette report - January 01, 2026 RIYADH — The Saudi Zakat, Tax and Customs Authority (ZATCA) announced that the minister of finance has issued a decision to extend the initiative to waive fines and financial penalties for taxpayers subject to all tax systems for another period of six months, starting from January 1, 2026. The decision was taken following the expiry of the six-month period of the tax penalty waiver on Dec. 31, 2025. ZATCA clarified that the initiative gives exemption for taxpayers from payment of fines for late registration in all tax systems, late payment, and late filing of returns in all tax systems, in addition to fines for correcting VAT returns, fines for field inspection violations related to the application of electronic invoicing regulations, and other general VAT provisions. The authority cited the requir...

Riyadh issues over 60,000 White Land Fees invoices in first billing cycle of 2026

 Riyadh issues over 60,000 White Land Fees invoices in first billing cycle of 2026 January 01, 2026 Saudi Gazette report RIYADH — The Ministry of Municipalities and Housing has begun issuing more than 60,000 invoices for White Land Fees in Riyadh, marking the first billing cycle for 2026 under the White Land Fees and Vacant Properties Program. The annual fees, imposed on undeveloped vacant land within urban areas, are part of broader directives issued by Crown Prince Mohammed bin Salman to regulate the real estate market and ensure a better balance between housing supply and demand. The ministry said the issuance follows the completion of all regulatory and technical requirements and is being implemented in line with the White Land Fees and Vacant Properties Law and its executive regulations. The fees apply to approved geographic zones and designated land categories within a framework aimed at ensuring fairness, transparency, and market efficiency. Under the program, landowners sub...

Saudi Arabia to unify LPG gas cylinder prices nationwide from January 2026

 Saudi Arabia to unify LPG gas cylinder prices nationwide from January 2026 January 01, 2026 The 11-kg gas cylinder will be priced at SR26.23, while the 5-kg cylinder will cost SR11.93, under the new pricing structure. The 11-kg gas cylinder will be priced at SR26.23, while the 5-kg cylinder will cost SR11.93, under the new pricing structure. RIYADH — National Gas and Industrialization Company (GASCO) has announced the nationwide unification of prices for liquefied petroleum gas (LPG) used in household gas cylinders and central tanks, effective January 1, 2026. Under the new pricing structure, the 11-kg gas cylinder will be priced at SR26.23, while the 5-kg cylinder will cost SR11.93. The filling tariff for central gas tanks has been set at SR1.1770 per liter. GASCO confirmed that all prices include transportation costs and value-added tax (VAT). Reducing regional price gaps The move aims to eliminate price disparities between different regions of the Kingdom and enhance the qualit...

FDI inflows in Saudi Arabia soar 34.5% to SR25 billion in Q3 2025

 FDI inflows in Saudi Arabia soar 34.5% to SR25 billion in Q3 2025 The General Authority for Statistics bulletin indicated that the value of foreign direct investment outflows amounted to about SR2.7 billion during the third quarter of 2025, recording a decrease of 65.7 percent compared to the third quarter of 2024.  The General Authority for Statistics bulletin indicated that the value of foreign direct investment outflows amounted to about SR2.7 billion during the third quarter of 2025, recording a decrease of 65.7 percent compared to the third quarter of 2024. Saudi Gazette report - December 31, 2025 RIYADH —There has been a record increase of 34.5 percent in net inflows of foreign direct investment (FDI) in Saudi Arabia, reaching SR24.9 billion during the third quarter of 2025, compared to SR18.5 billion in the third quarter of 2024. This was revealed in the foreign direct investment statistics bulletin for the third quarter of 2025, issued by the General Authority for Sta...

Saudi service exports surge 26.5% to SR58.2 billion in Q3 2025

 December 31, 2025 Saudi Arabia's service imports posted an increase of 5.3 percent, reaching SR120.8 billion during the third quarter of 2025 compared to SR114.7 billion during the third quarter of 2024, according to the General Authority for Statistics. RIYADH —Saudi Arabia’s total service exports recorded an increase of 26.5 percent reaching SR58.2 billion during the third quarter of 2025, compared to SR46 billion during the same period in 2024. According to the report released by the General Authority for Statistics (GASTAT), service imports posted an increase of 5.3 percent, reaching SR120.8 billion during the third quarter of 2025 compared to SR114.7 billion during the third quarter of 2024. The majority of service exports came from travel services, valued at SR33.8 billion. Personal travel services accounted for approximately 88.6 percent of total exports, followed by air transport services at SR 9.7 billion, or 39.6 percent of total transport exports. Maritime and land tran...

Digital economy makes up 16% of Saudi Arabia’s GDP in 2024

  Digital economy makes up 16% of Saudi Arabia’s GDP in 2024 December 31, 2025 The share of the digital economy in Saudi Arabia’s gross domestic product (GDP) recorded an increase of 0.4 percent reaching 16 percent during the year 2024 compared with 15.6 percent in 2023. The share of the digital economy in Saudi Arabia’s gross domestic product (GDP) recorded an increase of 0.4 percent reaching 16 percent during the year 2024 compared with 15.6 percent in 2023. Saudi Gazette report RIYADH —The share of the digital economy in Saudi Arabia’s gross domestic product (GDP)recorded an increase of 0.4 percent reaching 16 percent during the year 2024 compared with 15.6 percent in 2023. This was revealed in the results of the Digital Economy Survey bulletin for the year 2024. The contribution of the core digital economy stood at 2.7 percent, while the narrow digital economy accounted for 2.4 percent. The broad digital economy represented the largest share at10.9 percent of GDP. The bulletin ...

REGA board approves sandbox to foster innovation in real estate technology

 The Board of Directors of the Saudi Real Estate General Authority (REGA) has approved the regulatory framework for the Real Estate Sandbox. Saudi Gazette report, December 30, 2025 RIYADH —The Board of Directors of the Saudi Real Estate General Authority (REGA) has approved the regulatory framework for the Real Estate Sandbox. This framework aims to foster innovation in real estate technology within a flexible and stimulating environment that supports the development of digital solutions and enhances market efficiency. This is among a package of decisions and regulatory enablers taken by the board meeting with the objective of raising the level of maturity of the real estate sector and enhancing its sustainability, in a way that contributes to achieving balance and regulating the real estate market. The board meeting was chaired by Minister of Municipalities and Housing and Chairman of the REGA Board of Directors Majid Al-Hogail, and attended by board members representing governmen...

Justice Ministry nods for new mechanism to validate marriage contracts concluded without permission

 Justice Ministry nods for new mechanism to validate marriage contracts concluded without permission December 30, 2025 Saudi Gazette report The Ministry of Justice has finalized arrangements for hearing cases to validate marriage contracts that were concluded between Saudis and foreigners without obtaining the required permission from the relevant Saudi authorities. RIYADH —The Ministry of Justice has finalized arrangements for hearing cases to validate marriage contracts that were concluded between Saudis and foreigners without obtaining the required permission from the relevant Saudi authorities. According to the procedures, marriage contracts between Saudi and foreign nationals that were conducted without obtaining a permit will be processed in the Civil Status Courts. This new decision aims to stabilize families and address certain issues and problems related to the couple, as well as to legally document marriages and their associated procedures according to the mechanisms esta...