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Saudi Arabia issues 36k investment licenses since Vision 2030 launch

image sourced from original article at https://www.arabnews.com/node/2585660/business-economy

Saudi Arabia has issued over 36,000 investment licenses since the launch of Vision 2030, a five-fold increase compared to before. The country has seen significant growth in entrepreneurial license issuance and permits in the wholesale and retail trade sector. The Invest Saudi initiative aims to attract foreign direct investment by offering incentives and streamlining regulatory processes. The Kingdom has updated its investment law to provide enhanced protections for international investors. Saudi Arabia has surpassed its regional headquarters target, with over 500 international firms establishing their Middle Eastern base in the country.

Original article source: https://www.arabnews.com/node/2585660/business-economy
Source Id: 2025-01-596552126

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