Saudi Arabia is actively working on diversifying its economy and advancing towards its vision 2030 goals of new tourist hotspots, global events and increased sustainability and launched Standard Incentives programme to attract global industrial investors.
The country is unlocking new industrial opportunities and a key objective of the Standards Incentives for the Industrial Sector is to maximize the Kingdom's industrial competitiveness and attract investors by offering sustained financial and operational performances enablement for up seven years, throughout both the construction and operational phases, enabling manufacturing and much more.
One area that is perhaps most crucial to this evolution is the offering of international business investments, with Saudi Arabia providing an abundance of natural resources and diverse opportunities for investors expansion in the Kingdom.
The Saudi Government fully supports foreign investments in the country and its Ministry of Industry and Mineral Resources in collaboration with the Ministry of Investment, developed the Standard Incentives for the Industrial sector in January 2025.
The Standard Incentives for the Industrial Sector provides enablers to innovative projects that will grow the country's industrial capacities.
The initiative is currently open to all sectors and focuses on fostering investments in products thar are currently not produced in Saudi Arabia, encouraging diversification and self - sufficiency.
Saudi Arabia is going full stream ahead on its efforts to accelerate the development of the Kingdom's industrial sector but understands that it can not do this completely alone.
The Standards Incentives also align with the renowned Saudi Vision 2030, the National Investment Strategy and the National Industry Strategy, positioning the country as a competitive manufacturing hub for the region.
For the industrial sector the Standard Incentives programme represents an open door to a wide range of businesses including sole proprietorships, companies, limited partnerships, joint ventures, joint stock companies and limited liability companies.
To qualify, projects must establish a new facility or expand an existing one to manufacture products not currently produced in Saudi Arabia, demonstrate a minimum equity participation of 25% in the initial investment and maintaining a financially sound position evaluated through a creditworthiness assessment.
For Investors, the Standard Incentives for the Industrial Sector presents an opportunity to establish competitive manufacturing operations in a rapidly growing economy, while enabling Saudi Arabia in its mission to become a global leader in industrial innovation.
Investors can apply for Standard Incentives through the Senanei Platform where applicants go through an initial screening and detailed assessment procress : https://industry.sa/en/home
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