Saudi Arabia: investment incentives
The Saudi Arabian General Investment Authority and the Supreme Economic Council agreed on July 2 to introduce new measures to attract foreign direct investment. The changes aim to speed up the process of gaining investment permission and trade registration, and cut the kingdom’s dependence on expatriate labour. They include: exemptions on customs tariffs; more efficient judicial procedures for the resolution of trade disputes; stronger guarantees for investors; and special incentives for locals and foreigners to invest in less-developed regions.
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