AGP Executive Report
Last update: 2 hours agoSaudi Work Visas Overhaul: Saudi Arabia has tightened work-permit rules for businesses, capping new firms (under two years) at just 5 work visas, while older companies can request up to 50, with separate limits for firms in the Establishing Programme tied to Nitaqat classification. Riyadh Tech Push: The Royal Commission for Riyadh City launched the Riyadh Digital Innovation District to attract global tech talent and companies, focusing on AI, cybersecurity, cloud, IoT, blockchain, and robotics. Water Reuse Deal in Riyadh: Nesma & Partners signed with Saur to prepare the next tender stage for a recycled water infrastructure project in Riyadh, aiming to expand water reuse and wastewater management under Vision 2030. Maritime Investment: RSGT and CMA CGM agreed to develop and operate Terminal 4 at Jeddah Islamic Port in a $434m project, adding up to 2.6m TEUs of capacity. Regional Security Diplomacy: Pakistan PM Shehbaz Sharif said the Makkah Joint Defence Agreement has brought Pakistan, Saudi Arabia and Türkiye closer and sent a “message of unity and peace,” while discussing agriculture, water, and food security cooperation with Saudi officials.
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