The Minister of Trade and Investment, Dr. Majid Al-Qasabi, confirmed that the Kingdom is witnessing a qualitative leap in attracting investors, as 792 foreign investment licenses were granted in 2019, compared to 259 licenses in 2015, and about 2420 licenses in five years.
\nThis came during his participation in the dialogue session within the work of the Euromoney Saudi Arabia 2019 conference organized by Euromoney International in partnership with the Ministry of Finance in Riyadh... Ministry of Commerce....<\/p>\n
The Minister of Commerce explained that the ministry is working on developing a special system for professional companies, a commercial franchise system, and opening new economic sectors, such as minerals, entertainment and culture. He pointed out that the number of commercial institutions registered with the Ministry of Trade and Investment has increased by 60 percent in the last four years, reaching 1.27 million institutions, compared to 650,000 institutions in 2015. He stressed that the SME sector is of great importance as it represents the first engine of the economy, and therefore the Kingdom has licensed 50 business accelerators and 49 business incubators to support small and medium enterprises, in addition to the launch of the \u201cAmbition\u201d program, which aims to support SMEs at all stages. .... Ministry of Commerce....
\nDr. Al-Qasabi stressed that \u201cVision 2030\u201d is the compass, which we are walking on, as it created new sectors for investment and gave investors an opportunity to enter new fields, such as entertainment, tourism, sports, logistics and others, we are on a continuous journey with development, noting that the investor has an investment appetite that reacts to the general climate. .... The Ministry of Commerce.... and that Saudi Arabia has been working on several tracks that all aim to create an encouraging environment for foreign investors, through government restructuring, combating bureaucracy, improving and modernizing procedures, and preparing legislation that contributes to stimulating investors... Ministry of Commerce....<\/p>\n
<\/p>\n
Selected real estate news links from News<\/strong>\u00a0<\/strong>Issue\u00a0<\/a>178<\/strong>:<\/strong><\/p>\n Ministry of Trade-Real Estate - Global Real Estate - Real Estate Inspection -<\/strong> Ministry of Commerce<\/p>\n Ministry of Labor launches initiative to settle violations in distinguished establishments<\/a><\/p>\n Minister of Housing honors Al Rajhi Bank with the Best Financing Bank Award in the \u201cResidential\u201d program 2019<\/a><\/p>\n General Authority for Zakat and Income Tax (GAZT) urges companies subject to VAT to submit their returns<\/a><\/p>\n Ministry of Justice makes more than 10,000 commercial rulings available to the public via its online portal<\/a><\/p>\n Makkah set to host the world's largest 4,200-room Fuku hotel<\/a><\/p>\n \u00a0 \u00a0Ministry of Commerce and Investment allows companies to electronically amend their commercial register<\/a><\/p>\n Aldar implements AED 5 billion worth of strategic projects for Abu Dhabi government<\/a><\/p>\n Ministry of Commerce<\/p>\n 3073 enterprises have completed their registration procedures A steady increase in the registration of national and foreign companies in the Saudi Contractors Authority<\/a><\/p>\n Itqan Real Estate sold it for SAR 414 million. \u201cFilter\u201d announces that Jeddah notaries have started emptying the contribution lands of the Safwa scheme<\/a><\/p>\n Under the patronage of the Minister of Housing Deutsche Gulf Bank enters into a 2.25 billion financing agreement with Saudi Real Estate Refinance Company<\/a><\/p>\n Ministry of Housing signs 600 contracts with beneficiaries of Asfan housing scheme north of Jeddah<\/a><\/p>\n Awqaf Investment Company plans to establish a hotel real estate fund in Medina in cooperation with Al Ahli Financial<\/a><\/p>\n \u201cRiyadh Development establishes Tanal Real Estate Investment and Development Co. Riyadh Real Estate Investment and Development Company<\/a><\/p>\n Ministry of Commerce<\/p>\n \u201cRiyadh Development establishes Tanal Real Estate Investment and Development Co. Riyadh Real Estate Investment and Development Company<\/a><\/p>\n Real Estate Fund announces that early 2020 will see the announcement of the last waiting lists of beneficiaries<\/a><\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0623\u0643\u062f \u0648\u0632\u064a\u0631 \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0648\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0627\u0644\u062f\u0643\u062a\u0648\u0631 \u0645\u0627\u062c\u062f \u0627\u0644\u0642\u0635\u0628\u064a \u00a0\u0623\u0646 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u062a\u0634\u0647\u062f \u0646\u0642\u0644\u0629 \u0646\u0648\u0639\u064a\u0629 \u0641\u064a \u0627\u0633\u062a\u0642\u0637\u0627\u0628 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062d\u064a\u062b \u062a\u0645 \u0645\u0646\u062d 792 \u0631\u062e\u0635\u0629 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0623\u062c\u0646\u0628\u064a 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