Kostyantyn Gridin

Saudis Reform Investment Law in Bid to Attract Foreigners Saudi Arabia announced new business regulations aimed at boosting transparency and easing the process of investing in the kingdom as it looks to attract more foreign capital to support economic diversification. The updated investment law enhances investor rights by guaranteeing the rule of law, fair treatment and the freedom to transfer funds without delay, among other things, the Ministry of Investment said on Sunday. Foreign investor licenses will also be scrapped and replaced with a “simplified” registration process, while dedicated service centers will open to help expedite the process of investing in Saudi Arabia. The reforms are due to take effect in early 2025. “The law reaffirms Saudi Arabia’s commitment to creating a welcoming and secure environment for investors,” Investment Minister Khalid Al-Falih said in a statement. Saudi Arabia has taken several steps in recent years to attract foreign investment, including issuing visas specifically for investors, creating special economic zones with lower tax rates, and introducing new laws related to civil transactions and bankruptcy. The kingdom’s goal is to bring in more than $100 billion in foreign direct investment a year by 2030 as part of an effort to develop new industries that will create jobs and generate fresh sources of revenue outside of the oil industry. The country, which has little experience beyond the petroleum sector in things like complex manufacturing, also sees FDI as critical to the transfer of knowledge needed to help it scale up in new sectors. FDI inflows amounted to just over $19 billion in 2023 — above the annual average of $17 billion from 2017-2022 but shy of last year’s target of $22 billion. The kingdom took in $4.5 billion in the first quarter and is targeting flows of $29 billion for 2024. Saudi Arabia said the updated law takes international practices into account and was developed after soliciting input from global investors and organizations.

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Global Family Office Investment Summit Dubai Edition: Navigating Tomorrow’s Opportunities I’m looking forward to UAE’s upcoming investment summit. The Global Family Office Investment Summit is back in Dubai for its latest edition on October 10-11, 2024, at the prestigious Mandarin Oriental Jumeirah Beach. Hosted under the theme, “Navigating Tomorrow’s Opportunities,” the summit gathers the world’s most influential investors, industry leaders, and family offices for two days of unparalleled networking and insight-sharing. This year’s summit, founded by Mohamed Al Ali, Chairman of Al Ali Holdings, aims to spotlight some of the most promising investment opportunities in AI, Web3, blockchain, digital assets, fintech, healthcare, real estate, venture capital, and private equity. The event will delve into emerging co-investment opportunities and much more, positioning itself as a critical junction for investors looking to harness the potential of tomorrow’s markets. Message from the Summit Founder Mohamed Al Ali, the visionary founder, shared: “It is with great honor and pride that I welcome you to our Global Investment Summit here in Dubai. This event is more than a gathering of global wealth; it is a convergence of visionary minds committed to highlighting exceptional investment opportunities and pioneering ideas, with topics including AI, Web3, blockchain, digital assets, fintech, healthcare, real estate, VC, private equity, co-investing opportunities, and much more. Together, we aim to build a sustainable future for generations to come, fostering growth and innovation in an ever-evolving world.” Esteemed Speakers and Guests of Honour The summit will feature prestigious speakers and guests of honor, including: •⁠ ⁠H.E. Sheikh Mohammed Bin Musallam Bin Ham Al-Ameri (UAE) •⁠ ⁠H.E. Sheikh abdulrhman abuhaimid, Chairman, Abdulrhman Abuhaimid and Sons Investment Co. (KSA) •⁠ ⁠H.E. Sheikh Mohammed Al-Harthy, CEO, Nitaj - Oman Food Investment Holding (Oman) •⁠ ⁠Khalid Al Zayani, Honorary Chairman, Al Zayani Investments (Bahrain) The event will be hosted by Hussein Sayed, CFA, CMT, CNBC Arabia Anchor, alongside 100+ leading entrepreneurs and investors from across the globe. Day 1 Highlights: Unveiling Investment Trends The first day of the summit will dive into key topics including: Opening Keynote Panel Session: Investor Insights for 2024 & Beyond Global investors will share their unique strategies for navigating emerging trends, geopolitical risks, and economic challenges for the upcoming year. Top Investment Pitches A showcase of the most exciting global investment opportunities, where participants have 5 minutes to pitch their concepts. Spotlight on the UAE & GCC Industry experts will examine the UAE’s dynamic investment landscape and share exclusive insights on key strategies shaping the region’s economy. ... Read full article here: https://lnkd.in/d28363KW

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Excited to share my recent interview with Arabian Business, featured on pages 12-13! A big thank you to Arabian Business for the opportunity to share my thoughts on these pivotal topics. 👇 Click the link below to access the full interview and join the conversation! #R136insights

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OPAZ enhances incentives to attract global investors MUSCAT: The Sultanate of Oman's strategic location at the crossroads of Asia, Africa, and Europe makes it a compelling hub for international trade. The Public Authority for Special Economic Zones and Free Zones (OPAZ) — established under Royal Decree No. 105/2020, issued on August 18, 2020 — oversees key zones, including the Special Economic Zone at Duqm, and free zones in Suhar, Salalah, and Al Mazunah. OPAZ is committed to fostering a competitive business environment, providing a range of incentives and benefits to companies operating within its jurisdiction. This commitment is evident in the diverse offerings tailored to meet the needs of investors. Read more: https://lnkd.in/dBycR6VK الهيئة العامة للمناطق الاقتصادية الخاصة والمناطق الحرة - OPAZ SEZADuqm Salalah freezone (SFZ) SOHAR Port and Freezone Ministry Of Economy Oman InvestOMAN Ministry of Commerce, Industry & Investment promotion MadaynOman #FreeZone #IndustrialZone #EconomicZone #Incentives #Investment #Oman #OmanBiz

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Aligned with the "We the UAE 2031" vision and the nation's aspiration to become a leading global hub for the new economy, the Ministry of Finance is spearheading a series of transformative and strategic projects. These initiatives, integrated into the 2023-2024 performance agreements for federal government entities, are designed to enhance the UAE's competitiveness on the world stage. By focusing on innovative and qualitative advancements, the Ministry aims to support the country's transition towards a sustainable and diversified future. These efforts underscore the UAE's commitment to fostering a forward-looking economy, equipped to meet the challenges and opportunities of the next decade, ultimately reinforcing its position as a beacon of economic progress and innovation.

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Ambitious Entrepreneurs, Unlock Business Success in Oman! 🚀 Join our exclusive webinar to learn more about the Business and Tax climate in Oman for foreign Investors. Date: 27th of September 2024 Time: 4 PM GST Don't miss out, register now! https://lnkd.in/dA3qrAWs #taxtips #taxinthemiddeleast #UAEbusinessetup #Omanbusinessetup #taxsavvy #lowtaxcountries #taxfreecountries #taxfriendlycountry #taxfreecountry

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St. Petersburg Conference 2024 the 27th edition of the Petersburg International Economic Forum 2024 concluded last June 8,in which witnessed the participation of the Kingdom of Bahrain. 133 countries, political,economic and media figures from all over the world,high-level government officials and representatives of international companies from 130 countries. More than 17,000 people also participated in the forum. It provides multiple opportunities to exchange views and studied paths to achieve the main economic and political goals set by Russia and global markets, & to discuss the main issues of social & economic development and other fields,in addition to many important events,festivals and exhibitions. the participation of His Excellency the Minister of Industry and Trade as a representative of the Kingdom of Bahrain comes after the qualitative developments in Bahraini-Russian relations, which were greatly strengthened during the official visit of His Majesty King Hamad recently,which resulted in many important agreements in multiple fields that would increase Bahraini-Russian investments. The transition to a multipolar model of the global economy,& the necessity of shifting from a unipolar global economic system to a multipolar model, reflecting the emergence of new economic powers such as China, India, and Russia. They stressed to achieve balance and stability in the global economic system. The forum also discussed financial culture as a driver of economic development, the role of enhancing citizens’ financial culture as a means of stimulating economic growth and sustainable development, and the importance of financial education programs in enabling individuals to make important financial decisions and more stable economies. The forum focused on digital commerce and banking services, as the conference touched on the rapid developments in the fields of e-commerce and digital banking services, and ways to enhance these sectors and remove regulatory and technical obstacles to make the most of them. Among the most important issues that were focused on, was global food security, in light of the increasing challenges related to global food security, as the conference devoted important sessions to discuss ways to address this vital issue.The need to strengthen international cooperation in the field of food production and distribution was emphasized. St. Petersburg 2024 conference came out with important recommendations emphasizing the necessity of restructuring the global economic system with the new geopolitical and economic changes on the international scene. Will the world witness in the coming the transition to a multipolar economic model as an inevitable result and political necessity of what the world is witnessing? Crushing conflicts and crises taking place in the world, especially the Palestinian issue and the Israeli aggression against the Gaza Strip and its exposure of the ugly face of the USA and the official Western world.

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Yesterday marked a historic moment as the UAE and Qatar signed a Double Taxation Avoidance Agreement (DTAA). This agreement was finalized during the GCC Financial and Economic Cooperation Committee meeting in Doha. This is a HUGE win for anyone involved in cross-border ventures between these two nations. Well, the DTAA ensures your hard-earned profits won't be taxed twice - once in the UAE and again in Qatar. This means your money stays in your pocket. The DTAA creates a safe and inviting space for businesses to expand across borders without the fear of excessive taxation. With this agreement you can say goodbye to confusing tax rules! The DTAA outlines a clear framework, making financial planning a breeze. This is a major step towards encouraging deeper economic cooperation between the UAE and Qatar, opening up new markets and exciting possibilities for all. While this is undoubtedly a boon, it's important to remember that the DTAA primarily focuses on income tax. Other taxes, like VAT, may still be applicable. So I would suggest you to consult with a tax professional to understand this agreement clearly. As person who's passionate about business, I'm genuinely excited about the potential this DTAA unlocks. It's a testament to the forward-thinking leadership of both nations and their commitment to creating a thriving business ecosystem. So, whether you're a seasoned entrepreneur or an aspiring investor, I urge you to use this opportunity. Explore the possibilities, expand your horizons. #UAE #Qatar #DTAA #DoubleTaxationAvoidanceAgreement #Business #Investment #GCC #EconomicCooperation #Taxation #Trade #CrossBorder #Opportunity

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Abu Dhabi's real estate market experiences steady growth. Moderate increases in residential sales & rental values continue. Download the report: https://lnkd.in/erD_F7He

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Our Weekly Economic Commentary covering international #MENA #GCC #SaudiArabia #UAE economic & financial developments is now live Nasser SAIDI

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AK Group Global launches AK DIPLOMACY & INTERNATIONAL RELATIONS GLOBAL LTD to support peace in the Middle East. Registration number 15780968 Registered activities / Nature of business (SIC): 94920 - Activities of political organisations 70210 - Public relations and communications activities 73200 - Market research and public opinion polling 84210 - Foreign affairs Chairman & CEO: Amro Karaman #diplomacy #internationalrelations #foreinaffairs #politics

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We are pleased to announce that our board advisor for Antom, Omar Mansur, will join other notable panelists at a FinTech Conference to be held on 30th May, from 12:45 PM to 01:45 PM at the Oman Convention & Exhibition Centre, in conjunction with the 23rd edition of COMEX: Global Technology Show, taking place in Oman this year. The theme for this discussion will be "Investing in FinTech: Opportunities and Risks for Venture Capitalists", aimed at equipping venture capitalists with insights into the opportunities and potential risks involved in FinTech. This session will provide valuable insights for investors looking to succeed with investments in the fintech industry. We invite everyone attending to plan to join in, and if you'd like to have a chat with Omar Mansur at the event, please reach out to us and let us organize. #Antom #Fintech #Oman #Comex #Investment

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Range Developments talks about the appeal of investing in #RasalKhaimah to Arabian Business today. TEN by TishTash / TishTash Communications #Realestate #PropertyNewsUAE https://lnkd.in/dqtiAZPD

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Join us in Episode 231 of Crypto Talks where we share latest news an updates from the Crypto space. ○ https://bit.ly/3KtTxdh ○ 🔴WITH Rudy Shoushany Powered by www.dxtalks.com 😍 ○ 6:30 PM Beirut/Ksa 7:30 PM UAE ○ #Dxtalks #Cryptotalks #Rudyshoushany #discussion #news #updates #podcast #conference #panel #Arab #Arabic #MENA #Dubai #Middleeast #Northafrica #unitedarabemirates #uae #crypto #cryptocurrency #blockchain #nft #nfts #art #digitalart #cryptoart #bitcoin #ethereum #cryptocurrencymining #cryptocurrencymarket #cryptowallet #cryptocoins #cryptotraders #cryptocurrencycommunity

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EW Partners: $600M Investments in Saudi Arabia with Potential Market Listings 🔆 ewpartners: Our investments in Saudi Arabia exceed $600 million, with potential for listing some of our companies on the Saudi stock market. @Jessica Wong, the founder and managing partner of EW Partners, revealed that the company's investments in Saudi Arabia surpass $600 million. The company established its platform in Riyadh six years ago as a hub for the entire region, and its fund currently manages several high-growth products. In an interview with Argaam during the Fintech 24 Conference in Riyadh, Wong mentioned that their first flagship product is a $400 million Digital Innovation Fund, which has backed 18 innovative ventures over the last four years, including the Saudi Cloud Computing Company (SCCC) and Sahm Capital Financial. She also hinted at the possibility of listing some of these companies on the Saudi stock market. Wong emphasized the company's strong focus on supporting Saudi Vision 2030 through its partnership with local stakeholders. EW Partners is committed not only to creating jobs but also to fostering talent through cross-industry knowledge exchange programs. She further noted the massive potential for growth in Saudi Arabia, particularly as traditional industries accelerate their shift toward digital transformation. The demand for tech-driven innovation is seen as the greatest opportunity. Wong highlighted that building an advanced digital infrastructure in the Kingdom will further propel innovation and economic diversification. EW Partners is an international investment platform with headquarters in Saudi Arabia and China, backed by major sovereign wealth funds in the Middle East. It leads the charge in economic transformation and diversification across the Middle East and North Africa (MENA) region. #SaudiArabia #Investment #DigitalTransformation #Innovation #Fintech #Vision2030 #EconomicDiversification #Technology #CloudComputing #Jobs #Entrepreneurship #MENA #Business #Investments #FutureofWork

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Excited to share my first independent contribution to Oman Observer titled "Growth and Innovation: A Vision Towards 2040". In this article I explore the innovative strategies shaping Oman’s future. Link in the shared post below! #OmanObserver #Innovation #SustainableGrowth #Vision2040 #EconomicDevelopment

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Financial sector a major driver of non-oil sector #GDP in #UAE & #Bahrain; #Saudi to run fiscal deficits till 2027; UAE & #Oman run budget surpluses. Our weekly insights piece includes charts & more Nasser SAIDI

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On this episode of The Real Estate Lab, our Director of Sales, Chris Crawford, welcomes Husni Al Bayari, Chairman and Founder of Bayari Investments Group. As an expert in the high net worth segment, he shares invaluable strategies for navigating the UAE real estate market. Watch the full episode on YouTube. https://lnkd.in/ddFtedr6 #BayutUAE #HighNetWorth #RealEstate #LuxuryRealEstate #DubaiRealEstate

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