Rami Abu Sweirh

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Blog The Role of Tax in Driving Saudi Arabia’s Non-Oil Economy: Unlocking Opportunities in Emerging Sectors

In recent years, the Kingdom of Saudi Arabia (KSA) has embarked on a transformative journey to diversify its economy, reducing its dependence on oil revenues. With Vision 2030 as a guiding framework, the nation actively explores opportunities across various non-oil sectors, such as technology, tourism, and logistics. Tax policies and incentives are central to this ambitious agenda, and they are increasingly seen as pivotal tools for stimulating growth and attracting investment in these emerging sectors. This article examines how the Kingdom's tax landscape is evolving to support its non-oil economy and unlock opportunities for domestic and foreign investors.

| 4 min read | 08 Nov 2024

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Zakat and Tax

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Energy & natural resources

Energy & resources

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Financial services

Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...

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Consumer products

Emerging markets and shifting consumer demand are creating new opportunities in consumer products, with business leaders investing in new products, markets and...

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Travel, tourism & leisure

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Healthcare

Demographic, organisational and resourcing issues are radically changing the global healthcare industry. Worldwide, we have a long and varied list of clients,...

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Public sector

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Real estate & construction

While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...

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Technology, media & telecommunications

Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...

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Rami is a Senior within the Business Risk Service team. He has over 6 years of experience in Audit and Risk Management, and has been involved in numerous assignments, preparing risk and controls metrics, control testing and drafting Audit findings.

His experience includes leading walkthroughs and controls, risk self assessment workshops, developing policies and procedures for Finance and HR functions, performing gap analysis and process mapping.

Rami has also assisted in Fraud Risk Assessments for a leading Oil and Gas company in Saudi Arabia, where he played a key role in identifying fraud risks, control tests and preparing draft audit reports.

He has also led “local content” Audits on behalf of governmental and semi-governmental agencies to support the country’s 2030 vision.

Qualifications

MSc Finance

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Rami Abu Sweirh

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