ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
In a presentation on 13 May 2015 the Saudi Arabian General Investment Authority revealed details of the Unified Investment Plan. That plan seeks to attract foreign direct investment in 17 sectors of the Saudi economy (listed in the source mentioned below.) The objectives of this policy were revealed in three sectoral examples, specifically, health care, transportation infrastucture and equipment, and industrial parts and equipment. Those objectives include: local sourcing of products, Saudization of employment (favouring nationals), and import substitution.
According to press reports the Unified Investment Plan was announced at the Eighth Global Competitiveness Forum in Riyadh on or around 28 January 2015.
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