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New rules on ride hailing and other fare-based transport services went into effect yesterday
Drivers of ride-hailing companies will be banned for canceling more than 5 ride requests within a 30 day period
Saudi Tourism Authority gets clear mandate to lead on promotion, working with private sector, developing investment policy
The authority will run foreign and domestic marketing campaigns, set up marketing offices, and work with the private sector
New rules on how individuals can jointly develop real estate
Investors must hold a minimum stake of 5% in the real estate contribution until its completion
Tax incentives for companies relocating HQs here come into force
The Kingdom had set a 1 January 2024 deadline for foreign firms to move their regional HQs here or run…
Sharper teeth for building code violations
You still need to make good on the violation even if you pay the fine
Mawani launches consultations on rules for how it works with tenants and investors
The new regs. offer two types of leasing: Direct and auction
Chinese e-commerce giant Alibaba says it’s looking at Saudi opportunities
Plus: Food retailers may have to create, implement food waste reduction policies
Canada is looking to rebuild ties, develop a “great relationship” with Saudi
Plus: Riyadh Metro to open this year
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