Several incentives were provided by Saudi Arabia to become a qualified country and an attractive and stimulating base for investments, through which it was keen to provide facilities and services to investors and encourage investments that enhance the Kingdom’s competitive ability.
The list of these incentives included the following:
- Establishing cities and economic zones governed by special laws and legislation.
- Providing significant customs exemptions to investors.
- Facilitations in infrastructure, ownership and issuance of licenses.
- Facilitating the recruitment of workers.
- Enabling and saving energy to serve the manufacturing climate.
- Insurance financing for exports and credit.
- Providing tax exemptions.
- Stimulating the investor ecosystem.
- Providing financial and regulatory incentives.
- State participation in projects.