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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Saudi Arabia opens 100% wholesale and retail trade for foreigners

    Rocky
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    • Post n°1

    Saudi Arabia opens 100% wholesale and retail trade for foreigners Empty Saudi Arabia opens 100% wholesale and retail trade for foreigners

    Post by Rocky Mon 21 Jan 2019, 1:39 am

    Saudi Arabia opens 100% wholesale and retail trade for foreigners

    Saudi Arabia opens 100% wholesale and retail trade for foreigners 12512


    Saudi Arabia has announced the opening of the wholesale and retail trade of international companies by 100 percent, according to the newspaper "Middle East."
    The Saudi Investment Authority announced yesterday that it has started receiving applications from international companies wishing to carry out the wholesale and retail trade of its products in the Kingdom by 100 per cent. The decision comes at a time when international companies are expected to launch their applications intensively in the coming days, Invest in one of the most important markets in the region
    Many attractive features, such as purchasing power, population growth, and the availability of qualified labor.
    The Saudi General Investment Authority (SAGIA) has started receiving requests from international companies to conduct wholesale and retail trade in its products in the Kingdom by 100 percent through its official website, stressing that the investment request should include a detailed presentation of future manufacturing plans according to specific timetables, And the means of upgrading the services provided to the consumer in general.
    Dr. Ayed Al Otaibi, Director of Investment Systems Development and Investment Department at the General Authority for Investment, said: "Opening the door for receiving applications for international companies to provide their ideas, programs and plans during this period will contribute to speeding up the process of determining the applications submitted, which will be in early 2016, In the past days, after the completion of the study of the controls and conditions and approval of the joint working group composed of the General Authority for Investment and the Ministry of Commerce and Industry and the Ministry of Labor », noting that during the past days the formation of a joint working team.
    "The decision of the Custodian of the Two Holy Mosques to open the way for international companies to work directly in the Saudi market, will reflect positively on the economy of the country," Asharq Al-Awsat reported.
    He explained that the decision to open the way for international companies to invest directly in Saudi Arabia will increase competition with the commercial agents and will enhance the competitiveness of the retail sector with international companies when entering the local market. "The Saudi economy is very attractive, Growing economic growth and the availability of qualified labor. "
    He noted that the decision of the Custodian of the Two Holy Mosques to open the way for international companies to work directly in the Saudi market, will have a positive return on the flow of foreign investment liquidity, noting that the flow of this liquidity has seen in the last quarter levels are the lowest, In the Ease of Business Performance Index.
    These developments come at a time when the Custodian of the Two Holy Mosques, King Salman bin Abdul Aziz, in a speech delivered during his honor, the dinner of the Saudi-American Business Forum, which was held recently in Washington in the presence of a number of Saudi and American businessmen and investors for his guidance to the General Investment Authority and my ministries Trade, Industry and Labor, to study all commercial and investment systems, in order to facilitate the work of international companies and provide incentives, including direct work in the Saudi markets, for those wishing to invest in the Kingdom.
    The directives of the Custodian of the Two Holy Mosques included the company's plans to manufacture and invest in specific time programs, transfer of technology, employment and training to citizens, to achieve the common interests of both sides.

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