ANNOUNCEMENT 13 May 2015In May 2015, the government of Saudi Arabia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
For a powerpoint presentation on the UIP listing affected sectors and objectives of the government see https://www.jetro.go.jp/view_interface.php?blockId=21492273
Press report on announcement of UIP: http://www.prnewswire.co.uk/news-releases/a-new-investment-plan-for-saudi-arabia-announced-at-gcf-2015-290034401.html
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.