Weekly Update from Saudi Arabia 1. Economy, Budgets and Finance 2
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2nd August 2021 Weekly Update from Saudi Arabia The General Authority of Civil Aviation (GACA) directed that only those citizens who took two doses of any of the coronavirus vaccines approved in the Kingdom will be allowed to travel abroad effective from 9 Aug. Ministry of Interior also warned Saudi citizens against traveling to countries that have been put on the no- travel list. In other news, Saudi Arabia will begin applying the decision on making COVID-19 vaccination mandatory to enter government and private entities from 1 Aug. 1. Economy, Budgets and Finance The National: Saudi Arabia to use Fourth Industrial Revolution tech for energy transition. Read here Arab News: Saudi Arabia’s tourism sector aims to bring 100 million visitors annually. Read here Saudi Gazette: Finance, insurance sectors to implement total Saudization, replacing 91,000 expats. Read here Arab News: Saudi Arabia to introduce insurance on domestic labor contracts in 2022. Read here The National: Saudi telco Mobily reports 32% jump in second-quarter profit as revenue grows. Read here Arab News: Saudi car rental facilities to issue e-contracts starting July 25. Read here Saudi Gazette: Saudi Arabia, UK seek to boost cooperation in space economy. Read here 2. Government & Royal Family Saudi Gazette: COVID-19 vaccination mandatory to enter government, private entities. Read here Arab News: Saudi aviation authority issues update for citizens’ travel procedures abroad. Read here Al Arabiya: COVID-19 patients can take vaccine 10 days after recovery: Saudi health ministry. Read here Saudi Gazette: Foreign Umrah pilgrims from non-banned countries allowed to enter Kingdom. Read here Al Arabiya: Saudi Arabia to ban citizens who break COVID travel rules from traveling for 3 years. Read here The National: Saudi Arabia to welcome vaccinated tourists from August 1. Read here 3. Defence & Security Naval News: Navantia Launched Fourth Corvette for The Royal Saudi Navy. Read here 4. Commercial Trade Arabia: Saudi ICT infrastructure market set for 9pc growth by 2030. Read here Arab News: Saudi Arabia increased support for housing sector in July. Read here Trade Arabia: Saudi sweets, chocolate investment at $9.3 billion. Read here Commercial in Confidence 02/08/2021 AEIMD068v1.0 Page 1 of 2 Office 14/15, 6299 Al Ihsa Street, Al Ihsa Commercial Center, P.O. Box 26090, Riyadh 11486 Capital – SAR 1,000,000 CR – 1010385257 Saudi Gazette: 7 routes unveiled for public transport buses in Makkah. Read here Arab News: Saudi tourism fund adopts cloud computing. Read here Trade Arabia: Saudi Arabia dairy market to grow at 5.66% CAGR. Read here Arab News: Saudi Arabia sets new rules for fruit, vegetable imports. Read here Saudi Gazette: First cruise ship terminal at Jeddah Islamic Port inaugurated to accommodate 2,500 passengers. Read here 5. Social Al Arabiya: Tickets for Saudi Arabia’s first ever Formula One race goes on sale: Sports ministry. Read here Arab News: Tracks ready for camel race in Taif. Read here Commercial in Confidence 02/08/2021 AEIMD068v1.0 Page 2 of 2 Office 14/15, 6299 Al Ihsa Street, Al Ihsa Commercial Center, P.O. Box 26090, Riyadh 11486 Capital – SAR 1,000,000 CR – 1010385257 .