About Us
About Us
Introduction
Supreme hospitality is a Saudi owned consulting & services firm located in Riyadh, Saudi Arabia.
We help support companies that wish to enter the Saudi market by providing them with cultural intelligence, market analysis, best practices and connections that would make their market entry strategy a smooth experience.
Overview of The Kingdom of Saudi Arabia
History
The Kingdom of Saudi Arabia is in the Middle East, it falls between the Arabian Gulf and the Red Sea. The Kingdom is known to be the birthplace of Islam and is the home of Islam’s two holiest cities, Madinah, and Makkah where the pilgrims travel from all over the world each year to perform the Hajj. After a campaign that lasted for 30 years, the state of modern Saudi was formed, in the year of 1932. At that time, Saudi was divided into 13 provinces. Riyadh has since been the capital of the Kingdom.
economic power
Saudi’s economic power has always come from the production of oil and natural gas, however in recent years the country’s focus on diversification was seen to be the vision of the future. Saudi Arabia has one of the largest sovereign wealth funds in the world with a total estimated assists of $620 billion. Founded in 1971, the purpose of the fund was to invest on behalf of the government. In 2014 PIF was granted authority to fund new companies both outside and inside the kingdom without the prior approval of the councils. Prior to 2015, PIF was oversighted by the ministry of finance. However, post 2015 PIF was moved to the Economic & Development affairs (CEDA) the new PIF is chaired by Crown Prince Mohammed Bin Salman.
vision 2030
PIF came in the light of vision 2030 which aims to diversity the economy. Vision 2030 is turning a visualization into a reality by embracing three important themes a vibrant society, a thriving economy, and an ambitious nation. Saudi Arabia is a land of opportunities in all sectors. The country’s leadership is encouraging the growth of the private sector to help diversify the economy and to empower young Saudi’s into leading a successful career. The most driven sectors today in Saudi are construction, real estate, healthcare, hospitality, and education. Memberships of councils and international organizations that Saudi Arabia holds: UN, WTO, OPEC, CGG, OIC, G20
The Kingdom of Saudi Arabia is in the Middle East, it falls between the Arabian Gulf and the Red Sea. The Kingdom is known to be the birthplace of Islam and is the home of Islam’s two holiest cities, Madinah, and Makkah where the pilgrims travel from all over the world each year to perform the Hajj.
After a campaign that lasted for 30 years, the state of modern Saudi was formed, in the year of 1932. At that time, Saudi was divided into 13 provinces. Riyadh has since been the capital of the Kingdom.
Saudi’s economic power has always come from the production of oil and natural gas, however in recent years the country’s focus on diversification was seen to be the vision of the future. Saudi Arabia has one of the largest sovereign wealth funds in the world with a total estimated assists of $620 billion. Founded in 1971, the purpose of the fund was to invest on behalf of the government.
In 2014 PIF was granted authority to fund new companies both outside and inside the kingdom without the prior approval of the councils. Prior to 2015, PIF was oversighted by the ministry of finance. However, post 2015 PIF was moved to the Economic & Development affairs (CEDA) the new PIF is chaired by Crown Prince Mohammed Bin Salman.
PIF came in the light of vision 2030 which aims to diversity the economy. Vision 2030 is turning a visualization into a reality by embracing three important themes a vibrant society, a thriving economy, and an ambitious nation.
Saudi Arabia is a land of opportunities in all sectors. The country’s leadership is encouraging the growth of the private sector to help diversify the economy and to empower young Saudi’s into leading a successful career. The most driven sectors today in Saudi are construction, real estate, healthcare, hospitality, and education.
Memberships of councils and international organizations that Saudi Arabia holds: UN, WTO, OPEC, CGG, OIC, G20
