Why invest in ksa

Opportunities for investment are growing as a result of the privatisation initiative and progressive stock exchange reforms. The first step in assessing the viability of an investment in Saudi Arabia is to determine whether the industry in question is open to foreign investment. If it is, then the following issues need to be considered:.

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Some of the products are offered on a subscription basis. Back Careers. How would you like your page printed? Guide to investing in Saudi Arabia A vision for the future. In May of , the country also announced that it would be entering the alternative energy industry in a very big way.

The government hopes to create up to 15, jobs over the next decade by focusing on solar energy from both solar panel manufacturing and solar farm operation angles. The Saudi Green Initiative aims to transform one of the world's top oil producers into "a global leader in forging a greener world. Saudi Arabia represents a very attractive investment destination when energy prices are on the rise.

But some investors question the long-term sustainability of the country's economy given its dependence on a limited resource like crude oil. Whether or not the government's diversification into other industries will work out remains to be seen. Benefits to investing in Saudi Arabia include:.

Risks of investing in Saudi Arabia include:. Saudi Arabia ETFs include:. Middle Eastern ETFs include:. The two new proposed ETFs include:. World Population Review. Energy Information Administration.

Accessed Dec. Climate Change News. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Additionally, the launch of the Private Sector Feedback Platform and the Public Consultation Platform were main contributors to these achievements.

Whether local or foreign, the investor can view all the available opportunities classified by sector through this service provided by the Invest in Saudi platform and learn many information and numbers that help him make his decision. To facilitate the start of the investment activity, the Kingdom was keen to help investors by taking their hands step by step to starting a commercial activity. It provided them guidance and advice on starting a business in terms of the laws and licenses that must be obtained.

The beneficiary can access the Meraas platform , as this platform collected all electronic government services with one page , from issuing licenses, providing services, and so on. The government also assisted investors by providing financial support , employment support , tax support , and many other services through the Investor Services portal. This contribution is showcased by licenses and the average time to obtain a license is 2 working days.

A government program under the Saudi Business Center, Meras Platform is dedicated to facilitating procedures and services provided for conducting business. It provides all governmental and private sectors with the necessary services required to start your own business in a day, in addition to providing high quality integrated services via online and physical One-Stop-Shop centers.

For more details click here. Senaie platform is a unified platform for service providers and a gateway to empowering investors. The platform offers unique privileges throughout the investment process while ensuring continuous communication and periodic follow-up of projects.

Senaie also allows potential investors to stay up-to-date with new investment opportunities that may peak their interest. The services offered include the ability to request an industrial license, employment support, customs exemption and chemical clearance. To attract foreign investors, the Kingdom opens its market to upgrade the relevant global indicators and reports.

The Saudi government worked to monitor the market by conducting research, evaluations, and progress development. These efforts to find out about defects and address them and know the investors' strengths and motivations. The Saudi government established the National Competitiveness Center with the aim of developing and improving the competitive environment in the Kingdom, by studying, identifying and analyzing the obstacles and challenges facing the public and private sector, proposing solutions, initiatives and recommendations and following up on their implementation, by following the best methods and practices that lead to enhancing the Kingdom's competitiveness locally and internationally.

You can see the concept of competitiveness here To find out the public's opinions, the private sector, and government agencies regarding laws or regulations and the like issued by government agencies related to the economic and development environment, the government has launched a " survey platform " to make amendments or facilities, monitor data, etc.

These objectives have been met by carrying out and completing more than reforms to serve investors. The legislative and regulatory reforms established by the Kingdom can be emphasized by the endorsement of 7 basic principles for the investment policy in the Kingdom, the issuance of the Commercial Mortgage Law and its bylaws, the issuance of the new bankruptcy law and its bylaws, the issuance of the Commercial Courts Law and its bylaws and the establishment of the Saudi Center for Commercial Arbitration.

It was also keen to provide an effective communication channel between government agencies and the private sector. Receiving their views and challenges related to regulations is highly valuable, legislation and procedures to contribute to decision-making to improve the business environment in the Kingdom, so it created a private sector visualization platform for this presentation.

The spread of Coronavirus has affected many countries, and its impact on the economy has been tremendous. The Kingdom was keen to fight the virus and reduce the losses resulting from it with every effort possible, and the economy and investment had a share of these efforts. The government has helped affected project owners and workers by providing material assistance amounting to billion Saudi riyals to reduce the private sector's financial and economic impact.