Life is changed once Muhammad Bin Salman become new crown prince of Saudi Arabia at June 2017, he is son the of King Salman his age is 32-year-old.
1-Saudi Arabia's King Salman has issued a decree allowing women to drive for the first time, to the joy of activists.
2-10,000 women to drive taxis in Saudi Arabia
3-Cinemas to re-open in Saudi Arabia as of 2018, Ministry of Information confirms
4-Saudi Arabia wants to build a $500 billion mega-city spanning 3 countries
5-Only Saudi national will work mention fields
Accountant, Secretary, Salesman, Administrator, Sales Manager, Sales Supervisor, Finance Manager
Chief Accountant, Senior Accountant, Office Manager, Sales Assistant
Administration Manager, Office Boy, Driver, Receptionist, Warehouse Manager
Forklift Operator, Logistics Supervisor, Human Resource Manager
6- Five % VAT emplimented from 1st jan 2018
7-Good times over for expats in Saudi Arabia
In April, Saudi labour ministry barred foreigners from working in Saudi Arabia’s numerous shopping malls. Saudi Arabia also has plans to slap an expat levy on employers, which will encourage employers to hire more Saudis than foreign workers. This will not only limit opportunities for Indian workers in Saudi but also hit their savings—expat levy will come when the country is also going to impose a 5% value-added tax.
All these steps to create more jobs for locals are part of Vision 2030 which also aims at promoting small and medium enterprises. A number of businesses which hire mostly migrant workers are run by foreigners in the name of Saudis. The Nitaqat scheme will discourage this practice.
Oil, it seems, is no longer perceived as a guarantee for a buoyant economy in Saudi Arabia. The emergence of electric cars can depress oil prices further. An overall global emphasis on clean fuels will hit all oil-based economies.
In December 2016, the Saudi Council of Ministers passed a series of decisions aimed to increase state revenues to offset the impact of the fall in oil prices. According to the decision, the fees start at SR100 ($27) for each dependent per month and it will increase to SR200 after July 2018, and SR300 and SR400 in 2019 and 2020 respectively.
