Saudi opens retail sector to 100% foreign ownership

Saudi Cabinet approved rules “for foreign companies to invest in (the) wholesale and retail trade sector with 100 percent ownership.” The previous foreign direct investment limit was 75 percent. The decision is in line with the Vision 2030 plan.

By |2016-11-06T11:50:32+03:00June 21st, 2016|

Kingdom is Dubai’s top GCC non-oil trade partner

Saudi Arabia accounted for 45 percent of Dubai's total trade within the region, the Dubai Chamber of Commerce and Industry said in a statement. The emirate's trade within the region is witnessing a higher pace of growth, according to the report.

By |2016-11-06T11:49:59+03:00June 21st, 2016|
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