ANNOUNCED AS TEMPORARYNo
FDI: Financial incentive
On 24 November 2008, the Cabinet of Saudi Arabia introduced tax incentives for investments in designated areas of the Kingdom.
According to the announcement, companies may apply for a tax discount of 50 percent on training as well as wage costs of Saudi employees.
A precondition for the eligibility is for the investment project to employ no less than five Saudis in "major technical and administrative posts" on a contract with a duration of at least one year.
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