Ministry of Industry and Mineral Resources spokesperson Jarrah bin Mohammed Al-Jarrah said that the ministry processed 601 requests for industrial customs exemption. The Ministry of Industry and Mineral Resources spokesperson Jarrah bin Mohammed Al-Jarrah explained that the customs exemption requests processed by the ministry include 1,722 items for raw materials and 13,765 items for machinery, equipment and spare parts, noting that the customs exemption service comes within a package of incentives, enablers and services provided by the industry and mining system to facilitate the journey of the industrial investor in all stages of his project, from idea to empowerment, production and export.
Jarrah indicated that the customs exemption service comes within a package of incentives, enablers and services provided by the industry and mining system; to facilitate the journey of the industrial investor in all stages of his project, from idea to empowerment, production and export. Al-Jarrah pointed out that the industrial customs exemption service is in line with the objectives of the National Industrial Strategy to empower and develop the Saudi industrial sector, and confirms the prominent role played by the Ministry to stimulate and accelerate the growth of the national industrial base, indicating that industrial enterprises obtain the customs exemption service in a short time through simplified procedures through the digital platform of the Ministry of Industry and Mineral Resources" services "Senaei".
The Ministry of Industry and Mineral Resources is keen through the customs exemption service to support and encourage local factories, develop national production sectors, reduce the cost of production, and create new industrial opportunities. The service enables industrial enterprises that have an industrial license to obtain a customs exemption from tax on imports of machinery and equipment, spare parts, primary raw materials, semi-finished materials, and packaging materials needed directly for production.
The service enables industrial enterprises to obtain a customs exemption from tax "customs duties“ on their imports of machinery and equipment, spare parts, primary raw materials, semi-finished materials, and packaging materials needed directly for production.
