This year’s report calls for a decisive shift in approach, aligning with the International Women’s Day 2025 theme: "Accelerate Action." We can no longer afford to wait. The missed opportunities for businesses, economies, and the next generation of female leaders are too great. To remain competitive in a rapidly evolving business landscape, mid-market firms must take bold steps now—setting ambitious diversity targets, embedding gender equality into their strategic agendas, and fostering environments where women can thrive at all levels of leadership.
India and Saudi Arabia are uniquely positioned to collaborate and create a powerful start-up ecosystem due to their respective economic growth, demographic profiles, and strategic priorities. Both countries have firmly committed to fostering innovation and entrepreneurship, making them ideal partners in the global start-up landscape. Their convergence presents a unique opportunity for both countries to leverage each other’s strengths, foster innovation, and accelerate economic transformation.
The CII-Grant Thornton Bharat report, ‘Unlocking opportunities: India-Saudi Arabia start-up ecosystem convergence’, serves as a comprehensive guide, highlighting the recent collaboration between India and the Kingdom of Saudi Arabia in the start-up landscape. The report uncovers vast opportunities within the start-up ecosystem convergence and provides essential recommendations for investors, start-ups and policymakers to enhance and streamline this promising partnership.
As the financial landscape continually evolves, CFOs in Saudi Arabia face the crucial task of staying abreast of the latest financial and regulatory updates. Several significant changes have occurred over the past six months, demanding finance leaders' attention and strategic planning. We highlight the key updates CFOs need to be aware of and consider ensuring compliance and optimising their organisations’ financial strategies.
Family businesses have long been the backbone of Saudi Arabia's economy, driving innovation, fostering generational wealth, and contributing significantly to the nation's growth. However, succession planning is a crucial challenge emerging as these businesses evolve in an ever-changing landscape. Effective succession planning ensures the seamless transition of leadership from generation to generation, safeguarding the business's legacy while embracing new perspectives. In this article, we delve into the strategies that Saudi family businesses can employ to navigate the complexities of succession planning and secure their prosperous future.
Saudi Arabia's Vision 2030 is a comprehensive blueprint for the nation's economic and social transformation. Envisioned by Crown Prince Mohammed bin Salman, this ambitious plan aims to diversify the Saudi economy, reduce its dependence on oil, and foster sustainable growth across various sectors. This transformative agenda has introduced significant reforms in auditing, taxation, and accounting practices to enhance transparency, attract investments, and create a robust business environment. In this article, we will delve into the key initiatives of Vision 2030 and analyse their impact on these critical aspects of Saudi Arabia's financial landscape.
The Personal Data Protection Law (PDPL) has emerged as crucial legislation worldwide, aiming to safeguard individuals’ data in an increasingly digitalised era. The PDPL was enacted in Saudi Arabia to establish a legal framework for protecting personal data. The law applies to the public and private sectors and imposes obligations on organisations handling personal data. It aligns with international standards and best practices, ensuring the privacy and security of individual personal information.
Mergers and acquisitions (M&A) have emerged as a key strategy in Saudi Arabia (KSA) due to the numerous opportunities they present for companies operating in the region. M&A serves as a vital tool for diversification. In an effort to reduce dependence on oil revenues and foster economic growth, the Saudi government has been actively encouraging diversification across industries. M&A allows companies to expand their business portfolios by acquiring or merging with entities in different sectors, enabling them to mitigate risks associated with sector-specific fluctuations.
Saudi Arabia, the largest economy in the Middle East, has recently announced plans to establish four additional Special Economic Zones (SEZs) as part of its ambitious Vision 2030 plan to diversify the economy and reduce its dependence on oil revenue. These SEZs are set to become key drivers of economic growth, attracting foreign investment, promoting innovation, and creating employment opportunities in the kingdom.
Value Added Tax (VAT) is a relatively new introduction to the Saudi Arabian economy. Before it was implemented in 2018, Saudi Arabia was among a minority of countries in the world without any VAT system. Within this club were several of the Kingdom's neighbours, including the UAE, Bahrain, Oman, Kuwait, and Qatar. In the year 2016, a ground-breaking agreement was reached by all six nations of the GCC. The Common VAT Agreement promised to usher in a new era with its 5% VAT rate. The purpose behind introducing VAT was to generate additional revenues for the GCC economies and diversify revenue sources. So far, this move has been considered an objective success.
Egypt is an attractive investment destination for many reasons, with one of the most obvious being its geographic location. The country lies in the heart of North Africa and serves as a bridge between Europe, Asia, and Africa. This makes it strategically crucial on both global and regional levels, creating promising prospects for investments in transportation, logistics, as well as other infrastructure projects
Historically, Italy has been a land of opportunity, culture, and beauty. Home to the ancient Roman civilization, and the birthplace of the Renaissance period, Italy has been a key player in world history. Today, the country is now the eighth-largest economy in the world and the third-largest national economy in Europe. Italy is a country with immense potential for investment opportunities. With an economy of over $2 trillion, Italy offers investors numerous resources and prospects. In this article, we will explore the resources, prospects, and investments available in Italy.
The Kingdom of Saudi Arabia has accelerated its infrastructure development efforts in recent years, spurred by a growing population and an increasingly diversified economy. This rapid progress has led to an array of new opportunities for both public and private sector enterprises — but it also comes with significant operational and financial implications that must be accounted for.
India is a land of diverse opportunities. The country has a rich history and is home to a wide range of cultures, religions, and languages. India is also the world's second most populous country, with over 1.3 billion people. Despite its vast size and population, India is sometimes overlooked as an investment destination.
Saudi Arabia is currently experiencing rapid growth in its construction industry. The government has invested heavily in large-scale projects that are designed to further diversify the nation’s economy, stimulate economic growth, and improve the quality of life for Saudi citizens. These include developing alternative sources of energy, constructing new cities and public transportation systems, and building entirely new cities designed to break away from traditional urban planning and zoning.
When the Saudi government developed their national transformation plan, one of its primary goals was to create an environment that would encourage the growth of the real estate industry in Saudi Arabia. Vision 2030 outlined various ways this could be achieved, one of which was their goal to build 300,000 new housing units over the next five years. Over 106,000 new housing units have already been constructed, with a further 101,000 currently under construction. This investment has injected much-needed diversity into the current housing stock, creating a surge of new jobs in construction and related industries such as architecture.