Saudi Arabia poised as MENA's hub for digitization and startups Uncategorized Over 6000 attendees, 300 startups, and 150 VCs gather at Arabnet Riyadh Press Release Riyadh-KSA:-  The highly anticipated 8th edition of Arabnet Riyadh, the Kingdom’s largest technology event, launched on December 10th at the Riyadh International Convention and Exhibition Center under the Continue Reading Aramco trading debut to make Saudi bourse world's ninth-biggest Uncategorized The Saudi stock exchange will hold an opening auction for Aramco shares that will last from 9:30 a.m. to 10:30 a.m. local time, 30 minutes longer than usual The proceeds of the Aramco deal alone are equal to more than a Continue Reading The man in charge of the AlUla project — Saudi Arabia’s ‘Yellow oil’ Uncategorized Amr al-Madani, Saudi CEO of the Royal Commission for al-Ula (RCU) speaks to an employee while touring the Sharaan Nature Reserve near the town of al-Ula in northwestern Saudi Arabia on February 11, 2019. (Photo by FAYEZ NURELDINE / AFP) Amr Continue Reading SR1.02 trillion budget unveiled Uncategorized RIYADH — Saudi Arabia is set to spend SR1.02 trillion ($272 billion) in 2020 as the Kingdom’s economic and social reform agenda accelerates.The budget predicts revenue of SR833 billion and a deficit of SR187 billion. Custodian of the Two Holy Mosques King Continue Reading Saudi Arabia sees most improvement in ease of doing business Uncategorized Saudi Arabia climbs 30 places to 62nd in the “Doing Business” report by the World Bank Saudi reforms aim at building more economic diversification, the World Bank said RIYADH: Saudi Arabia is the most improved country in the world for doing business, Continue Reading Saudi Arabia to establish new e-commerce council Uncategorized Saudi Arabia has become one of the top 10 countries in online shopping and electronic purchases: minister RIYADH — To cope with the great momentum of online trading, Saudi Arabia is currently working to establish a new e-commerce council, announced Minister Continue Reading Saudi Arabia and World Economic Forum Uncategorized Saudi Arabia and the World Economic Forum agreed to set up a Centre for the Fourth Industrial Revolution in the kingdom, the fifth of its kind globally, as the country focuses on investment in technology. Saudi Arabia's minister of economy and Continue Reading Gulf's data economy worth $4.7bn, big potential for growth Uncategorized New report says there is an opportunity for GCC governments to develop data sector The data economy in the GCC is estimated to be worth $4.7 billion, representing 0.3 percent of regional GDP in 2018 and has huge potential for growth, Continue Reading Saudi Arabian Construction Market Outlook 2019-2024 Uncategorized Saudi Arabian Construction Market Outlook 2019-2024: Commercial, Residential, Industrial, Infrastructure (Transportation), Energy & Utilities - ResearchAndMarkets.com The Saudi Arabian construction market is expected to register a CAGR of 6% over the forecast period, 2019-2024. The Saudi Arabian construction market is expected to Continue Reading SIDF can finance foreign investors up 75% Uncategorized SIDF can finance foreign investors up 75% as long as the project is in Saudi Arabia and falls under one of their priority sectors. SIDF has introduced a new package of financial products and services through the National Industrial Continue Reading Foundation stone laid for Saudi Arabia's $17bn Diriyah Gate Project Uncategorized Project to comprise Aman Resorts, five iconic squares, a 15,000-seat arena, a Formula-E racetrack, and create 55,000 jobs Foundation stone has been laid for Saudi Arabia’s $17.1bn (SAR64bn) Diriyah Gate Project, which is being developed by the kingdom’s Diriyah Gate Development Continue Reading Australia Saudi Business Council Uncategorized Australia Saudi Business Council in partnership with the Victorian Government, Department of Foreign Affairs & Trade, Austrade and AACCI held an outstanding seminar in presences of more than 180 companies, Ambassadors, Councel General's and State/Federal Gov Representatives Continue Reading Saudi new Visa system is a beginning of new era Uncategorized Saudi Tourism Visa Saudi Arabia is opening its doorsThe new visa system is a historic milestone in opening Saudi Arabia to tourism. International visitors will discover the warm hospitality of Saudi people: our rich heritage, vibrant culture, and diverse and breathtaking Continue Reading JPMorgan Saudi Business Is Fastest-Growing Globally Uncategorized JPMorgan Chase & Co. said its business in Saudi Arabia is growing faster than any other region in the world, helped by the stock exchange’s inclusion in MSCI Inc.’s main emerging markets index. “We at JPMorgan believe that Saudi will become Continue Reading Saudi Arabia tourism: So what is there to see? Uncategorized Saudi Arabia's recent decision to fling open its doors to foreign tourists has sent a mild ripple of excitement running through the travel industry. A vast and hitherto largely closed country is now there to be experienced. So what exactly is Continue Reading Saudi Arabia to export electricity under ‘noble’ energy program Uncategorized An expanding renewable energy program is expected to meet Saudi Arabia’s domestic requirements and even allow it to export electricity, Arab News reported, citing the Kingdom’s energy minister Prince Abdul Aziz Bin Salman. “We are moving ahead with our civil nuclear Continue Reading MENA Connections National Seminar Series 2019 Events Continue Reading Saudi water chiefs sign deal to plant 5 million trees by 2030 News The agreement will focus operations on reducing the deterioration of vegetation cover in pastures and forests, fighting desertification, restoring wildlife habitats RIYADH: Saudi water chiefs have agreed to plant 5 million trees in the Kingdom by 2030 as part of a Continue Reading Saudi Aramco to supply LNG to Bangladesh as part of power deal News * Aramco signed deal with ACWA Power to develop plant * Aramco to supply LNG for the plant - Bangladeshi official DHAKA, Nov 13 (Reuters) - Saudi Arabian state energy company Aramco plans to supply liquefied natural gas (LNG) to Bangladesh as Continue Reading


  • Saudi Arabia Riyadh
  • Australia Melbourne / Sydney
 

Message from the Australian Chairman, Thomas Harley
 

Welcome to the Australia Saudi Business Council– the only bilateral Australian Saudi body that works for business, trade and investment across Australia and Saudi Arabia. Saudi Arabia is one of Australia’s largest markets in the Middle East with two-way goods and services trade totalling $2.14 billion. Saudi Arabia is also an important source of investment into Australia with in-excess of $4 billion worth of assets. As National Chairman I am proud to lead ASBC in this important time in the history of the Australia-Saudi relationship.

Australia and Saudi Arabia have long enjoyed a friendly relationship. This is underpinned by commercial ties and supported by shared membership in the G20 as well as Australia’s engagement with the GCC and OIC, which are both headquartered in Saudi Arabia (Riyadh and Jeddah respectively). Our people-to-people contacts are key to the ongoing success of this relationship and we are proud to host over 9,000 Saudi students at Australian education institutions.

With the G20 being held in the Kingdom in 2020, we believe that now is the perfect opportunity to deepen our relationship with Saudi Arabia. The progress that has been made in transforming the Saudi economy and society under Vision 2030 make Saudi Arabia an attractive business destination, and increasingly, an attractive tourism destination and will foster a deeper understanding of our people and cultures.

I strongly believe that Australia and Saudi Arabia have a lot to learn about and from each other. Our collaboration can make both of our societies more prosperous. And the opportunities for collaboration seem infinite.

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Saudi ArabiaAustralia