Saudi construction firm abandons nearly 100 workers in the desert

A Saudi construction company has reportedly abandoned nearly 100 expatriate workers in the kingdom’s central desert after not paying their salaries for months.

 

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Saudi Aramco signs deal with foreign, local firms to build huge shipyard

Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil.

 

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Saudi launches military industries company seeking to employ 40,000 by 2030

Saudi Arabia’s Public Investment Fund (PIF) on Wednesday announced the launch of a state-owned military industrial company aimed at contributing more than SAR14bn ($3.7bn) to the kingdom’s gross domestic product by 2030.

 

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Saudi businesses with revenue exceeding SAR375,000 to pay VAT from Jan

Saudi Arabia’s General Authority for Zakat and Tax has announced that private sector companies with annual revenue exceeding SAR375,000 ($100,000) will pay monthly value added tax from January 2018, according to reports.

 

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Saudi to stop hiring expatriate dentists

Only Saudi nationals will be allowed to work as dentists in the kingdom under new regulations, according to local media reports.

 

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