The Investment Commission reviewed yesterday during the introductory meeting for representatives of the embassies of the European Union member states accredited to the Kingdom and commercial advisors the decisions supporting the attraction of foreign investments and the facilities taken by the government of the Kingdom, especially the decision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - on reviewing all regulations and procedures in order to facilitate the entry of international companies to the Kingdom's market and investment in it in order to contribute to technology transfer and localization and activate the role of the private sector in creating quality jobs for the sons and daughters of the Kingdom.

During the meeting, the Authority explained the most important developments and developments related to the investment environment in the Kingdom and publicized the advantages and components of the investment climate and the government efforts made by various state agencies to create a favorable and attractive climate for the development and attraction of investments.

The Authority highlighted the most important facilities in the field of deciding and accelerating license applications that will be applied at the beginning of next year, the advantages enjoyed by private sector projects in the Kingdom, both local and foreign, and the most important investment areas available to investment companies in the European Union countries to expand their investments in the Saudi market.

The Authority announced the announcement of the investment environment in Saudi Arabia. It is worth mentioning that the Authority announced the most important steps it has recently taken in terms of investment licenses, which is summarized in the application of the mechanisms of the fast-track service (3 documents and 5 working days) for issuing licenses to all investment applications in the Kingdom without exception, which means that all investment companies benefit from this advanced step by the Authority, as the required documents have been reduced from 12 documents to 3 documents.

Notably, the Authority has announced the most important steps it has recently taken in terms of investment licenses.