Rise’s Post

If red sea tensions doesn't further escalate 2025 to 2045 is an era of india and middle East. Far east countries will have to devise new policies looking forward from manufacturing to keep momentum high

For larger government contracts, companies without a Riyadh regional HQ can only win work if their bid is considered technically superior and costs 25% less than the next best offer – or if no other bids are received. There are also exemptions for contracts executed outside the Kingdom, companies that are the sole provider of a particular service or commodity and emergencies that can only be handled by a foreign company. However, these limited exceptions to the Saudi HQ rules do not amount to loopholes and are unlikely to have a significant impact. Read the full article in the link below: https://lnkd.in/dyPMtUCW #gulfnews #ProPartnergroup #uaebusiness #Ksa #saudibusiness #business #rhq #saudirhq #regionalheadquarters #headquarters #saudiarabia #economy #economicdevelopment

For larger government contracts, companies without a Riyadh regional HQ can only win work if their bid is considered technically superior and costs 25% less than the next best offer – or if no other bids are received. There are also exemptions for contracts executed outside the Kingdom, companies that are the sole provider of a particular service or commodity and emergencies that can only be handled by a foreign company. However, these limited exceptions to the Saudi HQ rules do not amount to loopholes and are unlikely to have a significant impact. Read the full article in the link below: https://lnkd.in/gQ77iyW2 #gulfnews #ProPartnergroup #uaebusiness #Ksa #saudibusiness #business #rhq #saudirhq #regionalheadquarters #headquarters #saudiarabia #economy #economicdevelopment

In the case of substantial government contracts, firms lacking a regional headquarters in Riyadh can secure the work only if their proposal is deemed technically superior and costs 25% less than the next most competitive offer. Alternatively, if no alternative bids are submitted, such companies may also be eligible. Exemptions to these rules exist for contracts conducted outside the Kingdom, situations where a company is the sole provider of a specific service or commodity, and emergencies that necessitate the involvement of a foreign company. However, it is important to note that these exceptions to the Riyadh headquarters requirements are limited and are not considered loopholes. Their impact is anticipated to be insignificant. Read the full article in the link below: https://lnkd.in/dyPMtUCW #gulfnews #TheSovereignGroup #Sovereign #SovereignGroup #uaebusiness #Ksa #saudibusiness #business #rhq #saudirhq #regionalheadquarters #headquarters #saudiarabia #economy #economicdevelopment #riyadh

Wisdom in Safeguarding Your Intellectual Property: Dealing with Clients in Labor and Materials Billing. In a scenario like Nigeria, where professionals face a lack of proper appreciation and quackery is prevalent, showcasing technical calculation skills like labour and materials may not be advantageous. Clients might easily correlate the labor schedule with non-technically knowledgeable artisans, assuming they are more cost-effective. You will need to present your labour cost in technical way not per block for block setting and per room for plastering You can also address this challenge, building contractors and construction engineers should consider adopting a stage-by-stage for normal quotation system instead for the Labor and Supervision method of the contract if you notice that the client want to be smart I am saying all this because of economic uncertainties and rapid fluctuations in material prices Time is now to approach flexible billing approach. Instead of presenting a fixed bill that may become outdated within a short period, embracing a staged billing system allows for adjustments based on the current market value for each construction stage. If your client will agree on materials cost variation you may engaging in a round table discussion with clients becomes crucial, especially when unforeseen price hikes occur. Navigating these challenges with wisdom is essential. Avoiding unexpected price increases and ensuring well-considered contract documents can help in building trust with clients. In times of economic uncertainty, adapting to new billing methods and maintaining open communication will contribute to a more resilient and successful construction process. Remember not to sign any contracts with no variation, especially if you are not going to receive up to 90% upfront payment this time around. We are all in it together . #ConstructionChallenges #StagedBilling #Adaptability #WeAreTogetherOnThis #WOli

Thinking of expanding to Saudi Arabia? Understanding local regulations is key! One crucial regulation is Saudization, a program that promotes hiring Saudi nationals. Our latest article breaks down Saudization, exploring compliance challenges and offering actionable solutions to navigate this policy smoothly. https://lnkd.in/dGtr5vnN

Paying international contractors doesn't have to be a hassle. Don't overthink it, here are the six best ways to pay according to Tipalti.

New contracting rules for the international companies in order to secure gov. contracts in #SaudiArabia post Jan. 1, 2024, 200+ HQs have already settled. These initiatives are instrumental in realizing the objectives outlined in vision 2030 .

Nairobi contractors vs Mombosa Contractors in Kenya. Generally, Mombasa contractors are a bit slow when it comes to responding to RFQs and sharing BOQs. They also forget to pay attention to detail and yet they'r all equally competent. I believe this can changed through involving a QS to do the BOQ or contractors upskilling to think and work like Quantity Surveyor's. #corporates #procurement #business #entrepreneurship #buyers #suppliers

A few days ago, #SaudiArabia announced a 30-year tax relief for multinationals setting up regional HQs in Riyadh. 💸 This relief incentive includes a zero per cent [0%] rate for: 1️⃣ Corporate income tax. Right now, it's 20% in KSA, 10% in Qatar, and 9% in UAE. A huge difference for guys who can fight for 1ppts in net profit. 2️⃣ Withholding tax (‘’WHT’’) related to the approved regional HQ activities. Currently, this tax can be from 5% or higher. On top of these benefits, the company will receive unprecedented support from the administrative perspective, including a 10-year exemption from the Saudization program. For instance, before, companies had to employ the locals following different requirements. All of this opens a new chapter for business development in the region, meanwhile boosting the economy of KSA itself. I do believe that many global brands, in addition to 200+ corporations already confirmed, will establish their regional HQ in Riyadh. 🤔 You could ask me: "And what do I care about that?" From my personal perspective, it will mean a significant shift in the Riyadh business community's development. Since I live here, I highly appreciate and am happy about any news that pushes things forward in a right direction. You may find lots of new career opportunities here because new roles always appear when businesses make a move. So keep your ears open, check LinkedIn and other career portals, and I hope to see you in Riyadh soon. ❓ Do you want to know more about Saudi? Ask me in the comments! Source: Saudi Press Agency #businessboost #careerdevelopment