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In a groundbreaking initiative, Saudi Arabia invites businesses to apply for a Hajj License, fostering a commitment to enhancing the pilgrimage experience for visitors to the Kingdom. This presents a unique chance for entrepreneurs to contribute to the spiritual journey of millions. By obtaining a Hajj License, businesses can actively participate in the logistical and service aspects of this sacred pilgrimage.

The Kingdom’s call to apply for a Hajj License signals its dedication to collaboration with the private sector. This strategic move opens avenues for innovative services and streamlined processes, aligning with Saudi Arabia’s vision for a modern and efficient Hajj pilgrimage.

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Applying for a Hajj License is a gateway to impactful business opportunities. Entrepreneurs can contribute to sectors such as accommodation, transportation, catering, and more. This initiative is not merely a regulatory process but a collaborative endeavor to elevate the standards of services provided during the Hajj season.

Interested businesses are encouraged to navigate the official channels provided by the Saudi authorities when transitioning to the application process. This ensures a transparent and efficient procedure, allowing entrepreneurs to seamlessly integrate their services into the larger framework of supporting pilgrims.

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The significance of obtaining a Hajj License extends beyond business prospects. It reflects a shared commitment to facilitating a smooth and spiritually enriching experience for the millions who embark on this sacred journey. The Kingdom’s proactive approach underscores its dedication to harnessing innovation and expertise from the private sector.

Urge entrepreneurs to seize this opportunity, align their services with the needs of pilgrims, and contribute to the success of one of the world’s largest religious gatherings. The application process aims to foster a collaborative spirit between the government and businesses, designed to be straightforward.

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In conclusion, the call for businesses to apply for a Hajj License in Saudi Arabia is a pivotal moment for entrepreneurs seeking impactful ventures. This initiative not only opens doors to profitable opportunities but also signifies a shared commitment to the well-being and satisfaction of Hajj pilgrims. By actively participating in this process, businesses can play a crucial role in elevating the standards of services provided during this sacred pilgrimage, contributing to a seamless and spiritually rewarding experience for all. Seize this opportunity and become a key player in supporting the revered tradition of Hajj in the Kingdom.

RIYADH — Saudi Arabia has kept its threat that foreign companies will not be able to get lucrative government contracts if they don’t move their regional offices to the kingdom. January 1, 2024, is the last day.

The Saudi government shocked everyone in February 2021 when it said it would stop doing business with any foreign companies whose regional headquarters were not based in the country by 2024.

The news shocked investors and foreign workers. Many saw it as a jab at Dubai, which is the commercial capital of the United Arab Emirates and home to most of the Middle East’s regional offices.

The Saudi minister of economy and planning, Faisal Al Ibrahim, told that the plan is still moving forward. He also talked about how the kingdom plans to help foreign companies with the change.
Al Ibrahim said, “The deadline is still current.” Additionally, there are some advantages and reasons why moving will make sense.

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The minister spoke from Riyadh at the Future Business Initiative, a three-day conference on finance and business held every year by Saudi Arabia’s Public Investment Fund. The Vision 2030 project came up with the idea for the initiative.

“A lot of different incentives, benefits, and forms of support that are always changing and growing are also being talked about with these players,” Al Ibrahim said. “That’s why it’s not just a bad thing.” Additionally, there is a lot of good reinforcement.

‘A lot of momentum’

Crown Prince Mohammed bin Salman started the big Vision 2030 campaign in 2016. Its goals are to create jobs in the private sector and move Saudi Arabia’s economy away from oil as the country’s population grows—more than 60% of its people are under 30 years old. That includes the kingdom’s drive for a regional headquarters location.

When the HQ ultimatum was first made public, it was met with doubt and criticism from many investors and analysts in the region. They didn’t believe that Saudi Arabia, a notoriously conservative Muslim theocracy known for its poor human rights record, could really attract enough talented people from other countries. Dubai is the regional headquarters hub, and expats there questioned whether the kingdom could provide enough quality-of-life services, such as foreign schools, enough housing, and parts of a more Western lifestyle, like alcohol, which is illegal in Saudi Arabia right now.

However, more businesses are interested in Saudi Arabia’s big and mostly untapped market, Al Ibrahim said. As a result, the kingdom is getting a lot of attention, and investment is growing quickly. Several thousand foreign investors and financiers from all over the world were at the FII meeting in Riyadh last week, which seemed to be a good sign of that interest.

The minister said, “We’re seeing a lot of momentum going through. We definitely prioritize the companies that bring value creation to where value is consumed, that create high-quality jobs for people in Saudi Arabia, Saudis, and others, and that actually help us get the quality outcomes we need from our needs, whether it’s services or goods, in a better and more meaningful way.” The kingdom is getting applications every day.

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“The responses from the companies are very meaningful and very positive,” he said. “Our value has been going to other economies for decades, which is fine.” But now, he said, “the best bet for [35 million] people and growing is to bring value creation to where the value is consumed.”

“And in the long run, that’s better for these investors because these businesses can move closer to these markets.” Because there is a lot of young talent in Saudi Arabia, they can use that talent, along with the rest of the platform, to make their business even more competitive in other areas. In the end, we believe that this will not only help Saudi Arabia improve its situation and purchasing policy, but it will also have a big impact on these businesses and the economies nearby.

Source : cnbc.com

RIYADH: “Thanks to the use of technology and artificial intelligence,” a top minister said, Saudi Arabia’s transport and logistics sector is undergoing a major global and regional change.

The minister of Transport and Logistics, Saleh Al-Jasser, said at the fifth Smart Transport, Infrastructure, and Logistics Exhibition and Conference for the Middle East and Africa in Cairo that these changes are meant to make things run more smoothly, help with long-term growth, and boost national economies.

Al-Jasser said that a large set of structural reforms and governmental changes are needed to keep up with the fast changes in this important industry.

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The minister told SPA that the Kingdom’s Vision 2030 was to make it a global logistics hub for economic diversification and to make towns in Saudi Arabia better places to live.

The minister also talked about the goal of the National Transport and Logistics Strategy, which is to double the sector’s input to the GDP. This would make the Kingdom one of the top ten countries in the Logistics Performance Index.

Increasing the share of public transportation to more than 15% of all trips and lowering carbon emissions from the sector by 2% per person per year are also part of the plan.

Furthermore, Al-Jasser said that the strategy’s goals include making airports able to handle more than 330 million passengers per year, ports able to handle 40 million containers per year, and transportation ways safer.

Furthermore, he said that to reach these goals, we needed modern technology, alternative fuels, vehicles that are better for the earth, and shared transportation.

Autonomous mobility technology is just starting to be used in the Kingdom’s transportation system.

With sustainable transportation systems in mind, big projects like the NEOM urban area and Red Sea Global offer self-driving options like air taxis, volocopters, and self-driving pods for moving people and delivering things.

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Supported by the Public Investment Fund The Helicopter Co. completely built a rotor ecosystem from scratch and offers private charters, building, filming, and surveying.

Arab transport ministers and 300 specialized transport companies from 50 countries joined the conference, which was opened by Egypt’s Prime Minister Mostafa Madbouly.

Source : arabnews.com