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The Council of Economic and Development Affairs was established on January 29, 2015, under the Royal Order No. A/69. The council is chaired by the Crown Prince and the Prime Minister, His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz. It comprises a group of members appointed by a Royal Order. The council is concerned with economic and developmental matters, organizing them in a manner that assists the state in implementing all its directives related to economic and developmental affa...
Yes, Manga Productions Company, a subsidiary of the Mohammed Bin Salman Foundation 'MISK', specializes in creative content production, including video game development. Through its collaboration with 'Telltale Games', an expert in electronic game development, in 2021, it aimed to launch an electronic game by providing an opportunity for talented Saudis to benefit from the expertise of the development team in the company. The Kingdom of Saudi Arabia provides opportunities for...
The Workforce in the Kingdom of Saudi Arabia comprises human resources qualified to meet the demands of the labor market in the Kingdom. The Kingdom supports its workforce through various programs and initiatives administered by the Ministry of Human Resources and Social Development. These efforts aim to enhance the efficiency and appeal of the Saudi labor market while ensuring a safe working environment and fostering sustainable social development. Moreover, there is a focus on elevating publi...
The Saudi Exports Incentives Program is a Saudi program seeking to encourage and assist Saudi companies in building and enhancing their competitive capabilities and expanding their global reach. Launched by the Saudi Export Development Authority in the Kingdom of Saudi Arabia in 2019, the program offers support to Saudi manufacturers and exporters, facilitating their access to global markets and contributing to the enhancement of the index of total promising exports at the lowest possible cost ...
The Military Industries Unified Portal is an e-platform for issuing the licenses required for exercising military-industrial activities in the Kingdom of Saudi Arabia. This portal is organized by and under the supervision of the General Authority for Military Industries (GAMI) , which launched the portal to develop and sustain the military industries sector in the Kingdom of Saudi Arabia and to allow investment in it. GAMI offers licenses on the portal according to GAMI ’s strategy in the K...
The Renewable Energy Industry in the Kingdom of Saudi Arabia refers to the policies and efforts implemented by the Kingdom to harness its potential in the field of renewable energy and develop a competitive sector within it. The Kingdom has recognized the importance of diversifying energy sources to achieve economic stability for its citizens in both the medium and long term. 1 National Renewable Energy Program The Kingdom has taken a series of measures to diversify its energy sources, includin...
Electric vehicles in the Kingdom of Saudi Arabia : Saudi Arabia began investing in this type of vehicle in 2018 when the Public Investment Fund purchased a share in Lucid Motors, which specializes in the manufacturing of electric vehicles (EVs) , and had initially announced building an advanced factory in Saudi Arabia. Working mechanism of electric vehicles The electric vehicle industry is relatively new. It relies on electric power to run its engines instead of traditional internal combustion ...
The National Program to Reduce Food Loss and Waste ( Li Tadum ) is a national initiative launched by the Kingdom of Saudi Arabia to conserve its natural resources. It aims to reduce the amount of food lost and wasted by following the latest international standards and experiences. The program was launched in 2018 and is one of the initiatives of the Saudi Grains Organization, operating within the sectors of the Ministry of Environment, Water, and Agriculture . The program establishes poli...
White Lands in the Kingdom of Saudi Arabia are vacant lands intended for residential or commercial residential use within the boundaries of the urban area. Their boundaries are delineated by maps in urban planning documents that depict the different phases of urban development. These boundaries define suitable areas for urban activities and facilitate urban growth within a specified timeframe, in compliance with the Implementing Regulations of the Law of White Land Tax issued in 2016. Law of Wh...
The Privatization Strategy of the Kingdom of Saudi Arabia is one of the economic policies adopted by the Kingdom to develop economic performance and increase private-sector participation in the management and ownership of public-sector services and facilities in the Kingdom. The inclination towards privatization or private sector participation surfaced as the tenth strategic basis emphasized the privatization of more public services, facilities, and activities. According to the Eighth Developme...
Fishing and Aquaculture in the Kingdom involve the development of the two types of aquatic products: aquaculture and marine fisheries to achieve self-sufficiency in fishery resources, meet Saudi Arabia's seafood needs, diversify sources of income, and support the economy. Saudi Arabia's fisheries sector is one of the best biosecurity sectors worldwide. Net national seafood production reached around 140,000 t in 2020, with a consumption volume of 295,000 t, and 55 percent self-sufficie...
Real Estate Finance in the Kingdom of Saudi Arabia refers to lending operations provided to individuals by licensed financing entities in Saudi Arabia to purchase or construct residential units. The Real Estate Development Fund (REDF,) established by a Royal Decree in 2021, defines financing as the direct or subsidized real estate loans or guarantees offered by the fund to real estate developers and financing entities. Real estate finance laws and regulations Saudi Arabia has shown interest in ...
