Saudi Arabia

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fDi Editor | 05/01/2004 12:00 am

Partnering business is the Saudi Arabia General Investment Authority’s (SAGIA’s) motto. Under the impetus provided by the Foreign Investment Law of 2000, SAGIA has seen a steady improvement in the kingdom’s investment climate, and its provision of excellent investor services has helped promote Saudi Arabia as a profitable investment destination.

Investment is welcomed in all areas. The investment climate offers excellent potential in many sectors, including water desalination, electric power generation, information technology, petrochemicals and downstream industries, mining, tourism, education and training, telecommunications, infrastructure, industrial equipment and spare parts, and real estate.

Saudi Arabia has the largest free-market economy in the Middle East and North Africa, with exports totalling $75bn and imports of $32bn. It has abundant hydrocarbon and mineral resources plus world-class petrochemical and oil-refining industries, a stable currency, strong commercial banking, a modern infrastructure, a strategic location with access to markets in Europe, Asia and Africa, and a history of political and economic stability and successful joint ventures.

The availability of soft industrial loans, progressive reduction in taxes and unlimited carry-forward of losses, and 100% foreign ownership are just some of the incentives offered to investors.

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