The new regulations aim to create a more investor-friendly environment by simplifying the process, reducing paperwork, and eliminating unnecessary licenses and approvals.
The streamlined investment system, approved by the Saudi Council of Ministers, is a key component of the national investment strategy and aligns with Saudi Vision 2030.
The updated rules are designed to attract more international investment, diversify the national economy’s resources, and achieve comprehensive development goals.
Details of the updated rules are expected to be published by the end of September, providing investors with a clear understanding of the new regulations.
The updated investment system underscores Saudi Arabia’s commitment to creating a favorable business environment, aligning with the goals of Saudi Vision 2030.
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