Saudi Arabia allows travellers from 11 countries, including the UK, to enter the Kingdom. Furthermore completely vaccinated travellers will not have to undergo quarantine, provided that they are able to present their attested vaccination certificate. The vaccinations that have been approved under this rule are Pfizer-BioNTech, Moderna, Oxford-AstraZeneca, and Johnson & Johnson. 

Saudi Arabia hopes to raise about $55bn over the next four years as it plans to step up its nascent privatisation programme. Mohammed Al-Jadaan, Finance Minister said that Riyadh had identified a pipeline of 160 projects across 16 sectors, including asset sales and public-private partnerships, through to 2025. 

With the tourism industry on the road to recovery after the economic impact from the COVID-19 pandemic, Saudi Arabia opened The Tourism Recovery Summit on 26 May led by Saudi Tourism Minister Ahmed Al-Khateeb, and Zurab Pololikashvili, secretary-general of the UN’s World Tourism Organization. The summit is aimed at discussing how the industry can move forward. 

John Pagano, CEO of The Red Sea Development Company announced the plan to award contracts worth 20bn Saudi Riyals ($5.3bn) over the span of the next 2 years. This would be investment towards the first phase of the Red Sea Development Company’s masterplan which covers a 28,000 square kilometre site aimed to be completed by 2030.

“I don’t personally see companies winding up their operations in Dubai and just moving to Saudi,” said Daniel Bateman at AstroLabs, which helps firms set up Saudi offices. “I can see a two-pronged attack on the Middle East ... where you have a strong presence in both the UAE and Saudi.”

AstroLabs founder Muhammed Mekki discusses the new ruling that Saudi Arabia is requiring organizations to have regional headquarters in the Kingdom if they wish to bid on government contracts.

AstroLabs, which has offices in Dubai, Abu Dhabi, Riyadh, and Jeddah has helped more than 100 companies set up in the Kingdom since 2018, the year it was given a foreign investment license by the Saudi government.
And Mekki expected another 110 firms to establish business operations in the country this year, “surpassing the total number we supported in the previous three years combined.”

AstroLabs has been helping businesses from abroad set up in Saudi Arabia for several years, becoming the first licensed international business incubator in the Kingdom in 2018.

In 2018, AstroLabs expanded into the Kingdom from Dubai, becoming the first international business incubator licensed in Saudi Arabia and since then has assisted over 80 companies from around the world with their local setup process and soft landing office in Riyadh.

Tech companies are driving the influx of start-ups into Saudi Arabia, according to Muhammed Mekki, the co-founder of AstroLabs, which has been developing the digital ecosystem in the Middle East for the last seven years.

Saudi Arabia is witnessing “exciting growth” when it comes to funding fintech start-ups, according to Muhammed Mekki, founding partner of AstroLabs, which has been developing the digital ecosystem in the Middle East for the last seven years.

 يتضمن موقع Setupinsaudi.com عملية الإعداد الكاملة المكونة من 16 خطوة ويوفّر بالتفصيل، كامل المتطلبات لإنشاء كيان مملوك بالكامل للأجانب في المملكة العربية السعودية.

“Saudi Arabia is the largest economy in the MENA region in terms of its population and consumer spending. Driven by the government’s Vision 2030, the Kingdom offers a competitive and open business environment ...” said Muhammed Mekki, Founding Partner of AstroLabs.

The Set Up In Saudi platform, touted as the first of its kind in the region, provides users with a 16-step setup process, information on legal requirements, as well as the services of an operations team in Riyadh to manage end-to-end business processes.

AstroLabs has been helping set up 400+ companies from around the world in the UAE and Saudi Arabia. It has just launched www.setupinsaudi.com, the first comprehensive online resource on how to expand into Saudi Arabia.

A new online portal seeks to help entities looking to set up a 100 per cent foreign-owned operations in Saudi Arabia. Launched by business incubator AstroLabs, Setupinsaudi.com lists a 16-step setup process, information on requirements and offers an operations team in Riyadh to manage the entire set-up process for businesses.

A online portal seeks to help entities looking to set up a 100 per cent foreign-owned operations in Saudi Arabia. Launched by business incubator AstroLabs, Setupinsaudi.com lists a 16-step setup process, information on requirements and offers an operations team in Riyadh to manage the entire set-up process for businesses.

Expanding into Saudi Arabia? AstroLabs has unveiled setupinsaudi.com to help companies set up 100 per cent foreign-owned entity in the Kingdom of Saudi Arabia. The online resource aims to simplify the complex business establishment procedure through a 16-step process.

Founded in 2013, AstroLabs is a capability building company committed to developing the digital ecosystem of the MENA region through its academy, network of collaborative coworking communities and company establishment services in both the UAE and Saudi Arabia. 

AstroLabs holds a unique status as the first international business incubator licensed in the Kingdom. In 2018, AstroLabs solidified a partnership with Saudi Arabia’s Ministry of Investment (previously SAGIA).

“Companies seeking to expand into Saudi Arabia are [now] able to get their investment license without having to attest the documents. That’s a game changer for companies that we've been speaking with since that process is often time consuming and can also be costly,” said Muhammed Mekki, founding partner of AstroLabs, a foreign business incubator focused on Saudi Arabia.

Saudi Arabian General Investment Authority (SAGIA) has handed over the first foreign investment license in the field of business incubators and co-working space to Astrolabs, according to Saudi press Agency (SPA).

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