Saudi Arabia allowed 100 per cent foreign ownership in wholesale and retail trade sector

On 14 June 2016, Saudi Arabia increased the ceiling for foreign investment in wholesale and retail trade sector from 75 per cent to 100 per cent. However, some terms and conditions will apply. For example, foreign firms will have to invest at least SAR 200 million in the first five years after obtaining a licence.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Services (Wholesale and retail trade)

• Sources:

  • Saudi Arabian General Investment Authority, Council of Ministers Approves 100 Percent Ownership in the Trading Sector , http://www.sagia.gov.sa/en/mediaandEvents/News/Pages/News15062016.aspx#, 15 Jun 2016
  • Arab news, KSA opens retail sector to more foreign investment , http://www.arabnews.com/node/939601/economy, 15 Jun 2016
  • Arabianbusiness.com, Saudi Arabia approves 100% foreign ownership in retail, http://www.arabianbusiness.com/saudi-arabia-approves-100-foreign-ownership-in-retail-635351.html#.V3EpUZdS_kM, 15 Jun 2016