GLTRCORE

El turismo en Arabia Saudí es un sector que está experimentando un cambio radical a raíz de las reformas socioculturales que se están produciendo en el país. Este ha estado ligado históricamente al peregrinaje religioso -Umrah y Hajj- ya que en Arabia Saudí se encuentran las dos mezquitas sagradas del islam, ubicadas en La Meca y Medina. Ello ha supuesto que el país arábigo siempre haya recibido un flujo incesante de peregrinos. La economía saudí siempre ha mostrado una gran dependencia de su industria petrolifera que ha sido el motor del país durante décadas. Uno de los principales retos a los que se enfrenta es, como ya afrontaron otros países del Golfo, la diversificación económica para reducir esta dependencia. Como respuesta a esta situación coyuntural del país arábigo, el Gobierno creó la Visión 2030, que pretende dar respuesta a los retos que se presentarán en los años venideros. Esta visión establece la dirección, política y objetivos del Reino en una amplia variedad de sectores. Gigaproyectos: • Quiddiya: Será un gran complejo de entretenimiento de 334 km situado a las afueras de Riad, que incluirá parques de atracciones y acuáticos, así como instalaciones para fomentar el arte y la cultura, como un un recinto de conciertos, teatros y cines. Busca potenciar el deporte con un complejo que abarca un estadio, un campo de golf, un centro acuático, escuelas deportivas y otras instalaciones. Contará también con un circuito de carreras. • Alula: Es una de las ciudades más antiguas y mejor conservadas de la península arábiga, que alberga una de las ciudades excavadas en piedra más antiguas, Hegra, patrimonio mundial de la #UNESCO, y pretende atraer a dos millones de visitantes cada año. • Red Sea Project: Supondrá la creación de uno de los mayores complejos turísticos de lujo del mundo. Será un complejo vacacional situado en la costa del mar Rojo que incluye la construcción de más de 90 islas. Actualmente están en construcción 13 resorts de lujo. • Amaala: Será el turismo de "ultra-lujo" y también estará situado en costa oeste, la nombrada Riviera Maya Árabe. Se trata de un complejo turístico ubicado en la reserva natural Principe Mohammed bin Salman y estará centrado en el lujo, la salud y el bienestar de los visitantes • Neom: Es un ecosistema futurista que estará alimentado al 100 % con energías renovables que pretende convertirse en un referente turístico y logístico a nivel global, apostando por la tecnología, la innovación y la sostenibilidad, y estará formado de: • The Line, la ciudad inteligente, monodireccional con una longitud de 170 km y abarcará desde las costas del mar Rojo hasta los valles situados en la parte noroeste del país. • The Oxagon, la ciudad industrial, un ecosistema que pretende convertirse en una zona de baja fiscalidad y con un ambiente regulatorio muy positivo para las empresas. • Trojena, la ciudad de montaña que aúne turismo, urbanismo y entretenimiento. #SaudiArabia #VisitSaudi #Gigaproject #Tourism Visit Saudi

Saudi Arabia’s establishing itself as a regional hub for global companies, with significant growth in foreign investment and an investor-friendly environment. #SaudiVision2030 continues to enhance the private sector's contribution to the economy. #SaudiHub #MiskHub #MISA #SaudiBusinessCouncil #KSA #SaudiProjects #Saudi #SaudiArabia #GLTRCORE Public Investment Fund (PIF)

Thrilled to announce our direct partnership with Ministry of Tourism of Saudi Arabia 🇸🇦 Excited to showcase Saudi Arabia's incredible tourism destinations. Stay tuned for updates on this exciting journey! Introducing our Digital Concierge offering to help hotels take their guests' experience to the next level providing them with customized itineraries and personalized plans to experience the best of Saudi. www.visitsaudi.com #InvestSaudi #SaudiLatinAmerica #LATAM #SaudiVision2030 #Spain #InvestSaudiLatAm #GLTRCORE #SaudiBusinessCouncil #VisitSaudi #SaudiProjects #Saudi #SaudiArabia #SaudiTurismo #UNESCO

The IT sector of Saudi Arabia is ever-growing, and so are the opportunities as well! The IT sector of Saudi Arabia is the largest one in the region with a market size that is expected to reach $50.60 billion in 2024 and $76.05 billion by 2029. With a contribution of 4.1% to the GDP of the country, the IT sector in Saudi Arabia is a major player in driving revenue to the country. These figures signify large-scale market opportunities and promising talents for tech businesses in the country, helping the Kingdom to achieve its Vision 2030 goals and establish itself as a global hub of tech businesses. The IT sector is an ideal entry point for both local and international companies looking to enter and establish their business in the country. A lot of initiatives taken by the government of Saudi Arabia also boost and strengthen this sector. The major among these is the National Digital Transformation Program (NDTP) launched in 2016 to digitize public services, develop innovation ecosystems in key cities, and foster the growth and performance of the e-commerce sector of the country. The development of Special Economic Zones (SEZs) has a tremendous role in the advancement and expansion of the IT sector in the country with a focus on innovation and development initiatives. These Special Economic Zones provide a lot of benefits for businesses like tax incentives, state-of-the-art infrastructure, and simplified business regulations, making them an ideal place for global IT firms eyeing the market of Saudi Arabia. The Special Economic Zones like King Abdullah Economic City (#KAEC) and the Cloud Computing Zone in King Abdulaziz City for Science and Technology (#KACST) provide a favorable environment for growth and expansion in IT and its related sectors. The #SEZs are being used as an ideal springboard for international tech companies like Apple Inc., with its regional distribution center in the Special Integrated Logistics Zone. As the Kingdom is on its path towards economic diversion, sectors like Information Technology are already contributing to the country and have established themselves in Saudi Arabia, boosting the business environment of the country. #GLTRCORE #SaudiVision2030 #SaudiArabia #Spain

Get Ready, Saudi Arabia is Stepping Up its Sports Game! 🇸🇦 From global tournaments to local leagues, the Kingdom is hosting more sporting events than ever! It's all about boosting the economy, showcasing the nation & giving us fans something to cheer for. #SaudiSports #SaudiVision2030 #GLTRCORE #SaudiArabia

Start a Sports Business in Saudi Arabia Sports have always had greater importance in the kingdom of Saudi Arabia since 1950 becoming an essential component to the cultural framework of the kingdom. The ambitious plan of Crown Prince Mohammed bin Salman to uplift the Saudi football league to the world’s top 10 showcases the kingdom’s commitment to sports. The Quality of Life Program launched by Saudi Government in May 2018 gives primary importance to Sports. As a part of the program, a wide range of initiatives are been dedicated to encourage the participation, promoting the betterment of performance of Saudi athletes in global competitions, and supporting the growth of sports economy in the kingdom. The programs is in line with the goal of Saudi Vision 2030 for building and aiming to place Saudi Arabia as a country as a prosperous country with a leading, diverse and flourishing economy. #SaudiVision2030 #Spain #Marbella #SaudiBusinessCouncil #SaudiProjects #Saudi #SaudiArabia #Riyadh #GLTRCORE

Documents Required for Opening Company Bank Account in Saudi Arabia Before opening a corporate bank account in Saudi Arabia by a foreign national, a lot of information would be collected by the Bank officials, to get more details regarding their professional background and business activities. Also opening a bank account takes days and weeks depending upon the type of bank chosen, transactions done, corporate entity and documents required. In order to open a business bank account in Saudi Arabia, a lot of documents has to get ready, which are as follows: • Copy of the investment licence issued by the Ministry of Investment – MISA • The business should have registered national address in Saudi Arabia • Has to submit Articles of Association of the parent company • Authorization from General Manager to open and manage the bank account • Articles of Association for the local company • Residence Permit Card or Iqama (ID Copy) of General Manager • Company’s Board Resolution’s copy which is signed by all the Directors of the Company • Copy of the business licence of the company issued by the Ministry of Commerce and Investment (MCI) • Copy of the ID or Passport of the Directors of Shareholders of the company Don’t worry about the complex process involved and documents required to open a current account in Saudi Arabia, our Strategic Management Office can assist you. #Account #SaudiVision2030 #SaudiArabia #GLTRCORE

How to Open a Corporate Bank Account in Saudi Arabia 🇸🇦 Saudi Arabia's journey to becoming a global business hub has spurred a growing demand for efficient banking services tailored to the needs of corporate entities. Establishing a corporate bank account becomes paramount once a company enters the vibrant Saudi market. This critical step enables businesses to seize emerging opportunities, facilitate secure financial transactions, and ultimately drive sustainable growth. Companies aiming to open a corporate bank account in Saudi Arabia must first have a registered entity within the country. This pivotal step lays the foundation for seamless operations within the dynamic Saudi economy. A corporate bank account empowers companies to access a suite of benefits, including: • Business credit cards enabling multi-location fund transfers • Online and mobile banking services • Opportunities to purchase stocks and bonds • Trading and investment capabilities • Comprehensive treasury management solutions Opening a bank account is truly a cornerstone of successful business expansion in the Kingdom of Saudi Arabia. #SaudiVision2030 #Bank #Account #SaudiBusinessCouncil #GLTRCORE #SaudiProjects #Saudi #SaudiArabia

🇸🇦🇦🇪 Saudi Arabia Premium Residency and UAE Golden Visa: Which is Better for Expats? In the heart of the Middle East, two dynamic nations beckon expats with promises of stability, opportunity, and a fulfilling lifestyle. Saudi Arabia's Premium Residency @prgovsa and the UAE's Golden Visa offer pathways to long-term residence, each with unique advantages and considerations. The choice between the Saudi Arabia Premium Residency and the UAE Golden Visa hinges on your individual circumstances, financial capabilities, and long-term objectives. Consider factors such as your desired lifestyle, career aspirations, investment plans, and family needs. As expats increasingly seek a secure and prosperous future in the region, the question arises: Which visa program aligns best with their aspirations? A Comparative Analysis: While both Saudi Arabia and the UAE have designed their respective programs to entice global talent and investment, discerning the optimal choice necessitates a closer examination of their intricacies. Let's delve into the key aspects of each program: Benefits: •Saudi Arabia Premium Residency: ◦Indefinite residency for a one-time fee ◦Family sponsorship ◦Freedom to travel in and out of the Kingdom without restrictions ◦Ability to own property and businesses ◦Access to government services and healthcare ◦Potential tax benefits •UAE Golden Visa: ◦Renewable 5 or 10-year residency ◦Family sponsorship ◦100% business ownership on the mainland ◦Flexible travel options ◦Access to a world-class lifestyle and amenities ◦Potential career advancement opportunities Requirements: •Saudi Arabia Premium Residency: ◦A substantial one-time fee ◦Proof of financial solvency ◦A clean criminal record ◦A valid passport ◦A medical certificate •UAE Golden Visa: ◦Investment in real estate or a business ◦Specific professional qualifications or exceptional talent ◦A clean criminal record ◦A valid passport ◦A medical certificate Potential: •Saudi Arabia Premium Residency: ◦Ideal for high-net-worth individuals and families seeking long-term stability and investment opportunities ◦Offers a gateway to participate in the Kingdom's ambitious economic transformation ◦Potential for significant tax advantages •UAE Golden Visa: ◦Well-suited for entrepreneurs, investors, and highly skilled professionals ◦Provides access to a dynamic and cosmopolitan business environment ◦Offers a luxurious lifestyle and a plethora of leisure and entertainment options Making an Informed Decision The choice between the Saudi Arabia Premium Residency and the UAE Golden Visa hinges on your individual circumstances, financial capabilities, and long-term objectives. Consider factors such as your desired lifestyle, career aspirations, investment plans, and family needs. #SaudiVision2030 #Residence #SaudiBusinessCouncil #GLTRCORE #SaudiProjects #Saudi #SaudiArabia

🇸🇦🇵🇱 Bilateral cooperation: Saudi Arabia and Poland have created a new joint business council for the term 2024-2028 to boost the commerce and investment between the two countries. The Saudi Arabia General Authority for Foreign Trade (GAFT) has concluded the establishment of the Saudi-Polish Business Council and appointed Abdullah bin Mohammed Abu Dubeil as chairman. He will be accompanied by two vice chairmen, Farea Bin Hazem Zaqzouq and Musab Bin Ahmed Al-Maseed.   This strategy is part of Saudi Arabia’s plan to strengthen economic ties with Europe, particularly Poland, which is Europe’s one of the largest economies. Poland’s agri-food sector’s exports has been on rise and has recorded a € 47.9 billion ($ 51.1 billion) in 2023, an increase of € 10 billion compared to the previous year.   In 2023, the trade between Saudi Arabia and Poland reached around $ 9 billion. The major exports from Saudi Arabia to Poland are minerals products and plastics, while major exports from Poland to Saudi Arabia include tobacco, machinery and mechanical appliances.    The newly established Saudi-Polish Business Council aims to help businesses in both countries to expand trade and investment opportunities. #GAFT looks after 43 bilateral and regional councils, all of which aim to enhance international economic partnerships.   #SaudiVision2030 #Poland #SaudiBusinessCouncil #SaudiPoland #SaudiProjects #Saudi #SaudiArabia #PolishSaudi #GLTRCORE #SaudiHub