|
| |
| G.C.C |
Kingdom of Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Oman
International Trading & Investment |
| |
| |
Business Development
|
 |
The kingdom of Saudi Arabia is transforming slowly into the 21st century, with the development fueled by the world’s largest petroleum reserves and is centered around industrial cities, strategically located throughout the Kingdom.
Opportunities exist for both direct investors and suppliers in oil and gas extraction; minerals; construction; chemicals and petrochemicals; rubber and plastics; concrete;industrial and commercial machinery; transportation equipment, and a range of business services including engineering, accounting, industrial development and finance.
The petroleum sector has been the key: Oil production is about 8 million barrels per day. A massive capital investment program is now underway to upgrade production and refining capacities. Current public sector projects include telecommunications, power generation, water desalination, airport improvements and public transport. Opportunities for privatization of parts of the utility sector are increasing.
An April 2000 Royal proclamation relaxes foreign investment laws for strategic industries. Other incentives for foreign business development include 10-year tax holidays, low-cost loans and customs exemptions.
Other GCC countries also seeing much investment and infrustrature and opportunities to invest with good returns. |
| |
| |
|
| |
|
