Al-Ghanim law firm recognizes that FDI will continue to play a leading role in global economic development in general and Saudi Arabian economic development in particular. In KSA, Foreign Direct Investment was nearly 2000.00 US Million in 2019. The figures are expected to increase in year 2021 when the pandemic turmoil will be over. Thus in long-term, the Saudi Arabia Foreign Direct Investment – Net Inflows is projected to trend around 2500.00 USD Million in 2021(according to our econometric models).Al-Ghanim Law firm is dedicated in assisting foreign investors to achieve their investment projects and goals in Saudi Arabia. Al-Ghanim law firm specializes in assisting international companies to setup businesses in the Kingdom of Saudi Arabiabecause of following assured assistance by government of KSA:-
Government Measures to Motivate FDI–
Foreign investors are no longer required to have local partners in a number of sectors and may own property for company activities. They are allowed to repatriate their company money and can sponsor foreign employees, subject to certain criteria in accordance with the Nitaqat (Saudisation) programme. In order to facilitate investments in the Kingdom, the Saudi Arabian General Investment Authority (SAGIA) has set up an Investment Services Centre (ISC). The ISC will decide to grant or refuse a license within 30 days of receiving an application from an investor. Finally, the Saudi Centre for commercial arbitration has been created, which assures foreign investors an inexpensive fee in case of commercial arbitration.
The Saudi government launched Saudi Vision 2030, an ambitious development program that foresees important opportunities for foreign investors in the sectors of education, housing, health, energy and many others. In 2016, Saudi Arabia authorised the acquisition of 100% of assets by foreign investors in retail and wholesale trade. A privatisation program has also been launched. The government also tries to attract FDI in the sectors of renewable energy and entertainment.
“… commendable work on Frame work Agreement of Trade preferential System among the OIC member States, Pretas protocol, and Rules of Origin”.
SAUDI ARABIAN GENERAL INVESTMENT AUTHORITY (SAGIA)
“… a vast set of expertise with AGLF, it was such a pleasure to experience such commendable services”
SAUDI ARABIAN GENERAL INVESTMENT AUTHORITY (SAGIA)
“… A remarkable achievement on being part of the Investment Policy”.
HEAD OF TRADE AND COMPETITIVENESS GLOBAL PRACTICE, VIENNA, WORLD BANK GROUP