Promoting a Diversified Economy in the Kingdom of Saudi Arabia

Jun, 16, 2021 | 17:03 PM
itialuS continues its global service expansion

Who We Are

We are an audit firm based in Riyadh Saudi Arabia in collaboration with AGN International. We provide audit and assurance services, which could further include:
* Consultancy on internal audit controls and processing system deficiencies and weaknesses, limited & independent review of financial statements and other information, guiding on accounting
* Treatment of complex transactions and bookkeeping services, tax consultancy (VAT, WHT, Corporate Income tax), etc.


Our Market Trends

In compliance with the Saudi Vision 2030 initiative that aims to diversify the economy away from oil, the Kingdom of Saudi Arabia has been actively working to open up the Saudi market to foreign investors.
The government has invited investors from all over the world to join its flagship projects NEOM City, the Red Sea Islands, and the Qiddiya Amusement Park. And starting 2024, the Saudi authorities will only award government contracts to firms that are based in the Kingdom and will offer incentives to those who choose to do business in Saudi Arabia.
The recently launched “Shareek” program aims to strengthen the public-private sector partnership, and facilitate investments worth 5 trillion SAR ($1.3 trillion) from investors by 2030, thus enabling the private sector to create thousands of job opportunities. In the 4th quarter of 2020 alone, 466 foreign investor licenses have been granted.

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