NewsCase StudiesEvents

Finance in Saudi Arabia

Saudi Arabia

Finance in Saudi Arabia

Saudi Arabia Business Experts

Recent forum posts

 

  1. Key Trends Shaping the Commercial Office Space Market in 2020-21

    The commercial office space market in India is witnessing a enormous change in 2020.THE DEMAND FOR COMMERCIAL OFFICE SPACE PROPERTIES IS MOUNTING UP DAY BY DAY. THERE IS A HUGE POTENTIAL GROWTH IN END USERS AND INVESTORS ALIKE. EARLIER THE GOVERNMENT RETIRED PERSONALE USE TO PUT THEIR PROVIDEND FUND MONEY INTO BANKS BUT NOW THEY ARE INVESTING IT AS THE COMMERCIAL PROPERTIES ARE OFFERING GOOD R

    Total Posts: 2 Last post by ElizaSmith

  2. Selling my Franchise

    Hi My husband and I have franchised our travel business. How easy or difficult would it be to sell our UK franchise to South Africans? Is it very complicated in relation to the authorities? We will continue to live in the UK but are prepared to travel to South Africa whenever required. We are also hoping to communicate via the internet to keep in touc

    Total Posts: 8 Last post by ElizaSmith

Financing a Business in Saudi Arabia

Government Incentives

With the government keen to encourage foreign investment, there are several incentives to help new companies setting up in the kingdom:

Tax incentives

Taxation on corporate profits on foreign investment has been reduced and foreign workers are welcomed with incentives, including a 0% individual income tax.

Financial incentives

The government offers soft loans to investors through organizations such as the Saudi Industrial Development Fund. Further information can be obtained at www.sidf.gov.sa

Islamic Development Bank

Through the Islamic Development Bank, finance is available for a variety of projects in agriculture, industrial, agro-industrial and infrastructure sectors. The bank also finances small and medium sized enterprise through micro-finance schemes. Further details can be found at: www.isdb.org

Economic Cities

Saudi Arabia is investing billions into the creation of four economic cities. With special incentives and a streamlined process for foreign businesses looking to develop a presence in the kingdom, the cities hope to encourage knowledge-based industries. Further information can be obtained at www.sagia.gov.sa

Private Finance

Credit from financial institutions is available from a variety of private financial institutions such as the Arab National Bank, which have branches in the country. As with all commercial loans, a strong business plan and an understanding of the local business conventions and etiquette are important if pursuing this form of finance.

Click here to Ask an Expert about Finance in Saudi Arabia

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.