Investment Incentives in Saudi Arabia

Overview by Globlatrade.net:

Saudi Arabia flag Saudi Arabia: Investing

Incentives or guarantees

Forms of Aid

The government has created industrial sites attracting foreign investors in Riyadh, Jeddah, Dammam, Qaseem, Al-Ahsa and Makkah. The setting up of a subsidiary allows tax exemptions for 5 years. The State provides with electricity, water, fuel...at low prices when industrial plans are involved. The government encourages partnership with local companies, granting more aids and advantages to companies whose capital is shared with Saudis. The Department of Industry and Electricity, the Department of Finance should be contacted in order to know the various helps granted to foreign investors.

Foreign investment that fulfills the requirements of the Foreign Capital Investment Code enjoys all privileges of national capital and is entitled to the same treatment, protection, and incentives accorded to national capital which includes exemption from customs duties on machinery, equipment. The SAGIA (Saudi Arabian General Investment Authority) may be contacted for further information about investment laws and opportunities in Saudi Arabia.

Privileged Domains

The government encourages investment in transportation, education, health, information and communications technology, life sciences and energy. However foreign investment in petroleum and mineral projects is not encouraged.

Privileged geographical sectors

The government has set up six “Economic Cities” located in Riyadh, Jeddah, Dammam, Qaseem, Al-Ahsa and Makkah in order to attract foreign investment. These cities will focus on focusing on different industries.

Privileged Geographical Zones

Saudi Arabia does not have duty-free zones or free ports.

However Saudi Arabia is a member of Gulf Cooperation Council (GCC) and Arab League. Saudi Arabia grants special trade and investment privileges to members of (GCC) allowing free movement of local goods. Arab League has also agreed to negotiate an Arab free trade zone.

Country Risk

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Tax incentives offered to foreign investors

Special tax treatments
There are no incentive rules in Saudi Arabia.
Useful Links
Saudi Arabian General Investment Authority (SAGIA)

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