Abdullah Al-Basri

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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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We have the scope, depth, and global reach to serve businesses who are positioned to thrive in Saudi Arabia. Our team provide you with assurance services that...

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Zakat and Tax

Our experienced tax team not only support core compliance but are at the leading edge of transformation and operational resilience in respect of the tax...

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Industries

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

Dynamic businesses need to move with speed and purpose if they want to capitalise on opportunities in travel, tourism & leisure. At Grant Thornton, we know...

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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

We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...

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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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Abdullah is a licensed public accountant practitioner in the Kingdom of Saudi Arabia, and has over 25 years of experience within the professional services industry.

He has audited a wide range of high-profile companies which range in size and industry, and as a result of his experience has established himself as an expert in the field of Tax, Zakat, Appeal and Re-appeal.

Abdullah is a dynamic leader who played an instrumental role in the development of Aldar Audit Bureau becoming a member firm of the Grant Thornton International network. The presence of the firm in the Kingdom of Saudi Arabia continues to grow under his guidance.

Qualifications

Saudi Organization for Certified Public Accountants
SAA - Saudi Accounting Association
FCPA - Certified Public Accountants (USA)
FCPA - Certified Public Accountants (UK)
BA Com Accounting

Latest Articles

Women in Business Opening the door to diverse talent

In 2022, Grant Thornton’s Women in Business research has once again tracked the position of women in senior management across the world, and the progress towards gender parity in leadership. In this year’s data, we see mid-market businesses across the world taking decisive action to mould more flexible working practices around the needs of their people. They say that they are prioritising employee engagement and modelling open, inclusive working environments. By so doing, organisations are opening the door to bring female talent into senior positions in greater numbers than ever before.

Abdullah M Al-Basri

| 6 min read | 06 Mar 2022

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