Saudi Arabia: Investment Ministry Launches Inventory of Foreign Direct Investments of Private Sector
Saudi Gazette, 29 January 2024: Saudi Arabia’s Investment Ministry has announced it has launched an inventory of foreign direct investments of the private sector.
It has been launched as part of efforts to provide services and incentives to support Saudi investors and companies in their efforts to expand globally especially in concluding bilateral investment agreements.
The Investment Minister said the Ministry was doing so in line with its regulatory remit and roles and responsibilities.
The Ministry has also prepared a questionnaire to record private sector companies’ foreign direct investments. Its questions include the name of the company, the year investment started, the name of the country in which the investment is made, the city in which the investment is made, the name of the sector, the value of the investment in US Dollars, the percentage of partnership or ownership and notes about foreign investment.
For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.
You can also explore the legal landscape by subscribing to our Weekly Newsletter.
Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.