Sovereign AEI reports 50% increase in Saudi Arabia’s activity

RIYADH: Sovereign AEI, the trusted experts in foreign direct investment (FDI) and leaders of commercial success in Saudi Arabia, on Wednesday reported a 50 per cent increase in the kingdom’s commercial activity.

Sovereign AEI is a strategic partnership between two corporate service provider powerhouses. As a well-established and complimentary partnership between the UAE and KSA, the two businesses came together to provide a unique and reputable plaform, aligned with international standards, enabling foreign businesses to achieve success in the Saudi marketplace.

The porfolio of services provided by Sovereign AEI enable clients to enter, establish and expand in the oten-challenging business environment of Saudi Arabia.

The opportunities of Vision 2030 for regional and global businesses are endless and unprecedented in respect of global business development.

From market entry advice and entity registration, to recruitment and local outsourcing, Sovereign AEI’S professional services are designed to help mitigate risk, expedite establishment and accelerate achieving success in Kingdom. This exceptional partnership builds on Sovereign’s 20 years presence in the Middle East and AEI’S track-record of success in Saudi since 2012.

Since the establishment of the strategic partnership in 2019, Sovereign AEI have reported solid performances in its operations, enabling over 600 business visits to Saudi Arabia in 2019 alone. Of these, 50 per cent were first time visitors and over 70 per cent went on to achieve success in the Kingdom. AEI alone has enabled over 1,500 foreign businesses to enter, establish or expand in Saudi Arabia since the company commenced operations in 2012.

Sovereign AEI registered a 300 per cent increase in corporate services in Saudi throughout 2020. The outlook for the coming year remains promising, with an expected uptick of 50 per cent in MISA registrations, compared to prepandemic levels. In addition to this, the team are forecasting a 50 per cent increase in HR and immigration services.

Sovereign AEI operate to the highest international standards of regulatory compliance and service clients with the integrity and professional standards expected.