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Saudi Arabia: Shura Calls on External Investment Laws Review
Al-Watan, 8 July 2024: The Shura Council has called upon the Investment Ministry to list the regulations and decisions related to the field of foreign direct investment for the Saudi investor, review them, and make the necessary proposals.
The aim is to improve national investments in international trade.
In its decision, the Shura Council has also called on the Ministry to develop a methodology to measure the generation of Saudi jobs in investment, and to build indicators to measure and verify them periodically, in line with the labour market strategy.
The Council has stressed that the Ministry, in coordination with the General Authority for Statistics – must develop a methodology to build an investor confidence index and measure it periodically in line with international practices.
In the same decision, the Shura Council has called on the Ministry of Investment to work with the Distinguished Residence Centre to develop sustainable policies and work mechanisms that ensure compatibility and integration between the preparation of sectoral investment plans and distinguished residency products.
It has also called on the Ministry to work with the media system to develop specific communication and media initiatives that enhance investment confidence in the Kingdom and protect it from external media misinformation.
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