Saudi Arabian General Investment Authority provides further facilities

4100Saudi Arabian General Investment Authority has approved a series of measures to create all the necessary means for the growth and prosperity of the international companies wishing to expand and develop their investments in the Kingdom.

A statement issued by the Authority today announced that the measures included the cancellation of Paragraph (3) of Article VIII of the Implementing Regulations of the foreign investment issued on 12/05/1435 AH, whose text was ‘requests for new licenses for companies to practice the same activity shall be treated as an expansion of the existing project .

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