Extends foreign investment licensing period
On 26 February 2018, the General Investment Authority of Saudi Arabia extended the licensing period for foreign investors to five years - up from the current one year. The licensing period can also be renewed upon expiry of the five-year period, and foreign investors still have the option of holding a one-year licence.
Type: Entry and establishment (Approval and admission)
Industry: Not industry specific
- ZAWYA, Saudi extends licences for foreign investors for up to five years, Feb 27, 2018
- Saudi Gazette, Foreign investment license period extended up to 5 years renewable, Feb 27, 2018
- GDN online, Sagia extends foreign investment licensing for 5 years, Feb 27, 2018