Investing in the Eastern Province

Why Invest in Eastern Province?

The Eastern Province has served as the engine of economic development of Saudi Arabia. The province's enormous oil and gas resources have been attracting numerous investments and have provided the stimulus for a major breakthrough in non-oil industrial development, specially centered around Jubail (which has a strong petrochemical base) and Dammam (which boasts of two flourishing Industrial Cities consisting of hundreds of downstream units). It has also attracted a large dose of foreign capital and technology, thanks to top class infrastructure (transport, communications, power and water), availability of abundant raw materials and other favorable factors like well-developed banking and finance facilities. The Saudi government's liberal economic policies and incentives for the private sector have further encouraged the growth in the Province. The scope for further economic development through joint ventures and foreign direct investments is also bright.

The Eastern Province, along with its vast amounts of oil and gas, also provide the following reasons to the potential investor on why it is a place conducive for investments:

1. Strategic location
2. Strong and dynamic economy
3. Social and political stability
4. Energy intensive industries
5. Attractive incentives for investors

To obtain more information on the reasons for investing in the Eastern Province, please download Why Invest in Eastern Province?

Rules and Regulations for Investing in the Eastern Province

Since joining the WTO in 2005, the Kingdom of Saudi Arabia has seen tremendous growth in all main economic sectors. The main reason for the growth is the steps taken by the government to reform its business regulations to attract foreign investors.

To invest in Saudi Arabia, there are a certain number of steps needed to be taken. To view these steps, please download the Foreign Investment Rules and Regulation.

Related Links

Saudi Arabian General Investment Authority (SAGIA):http://www.sagia.gov.sa
Saudi Arabian Monetary Agency (SAMA): http://www.sama.gov.sa
Central Department of Statistics and Information: http://www.cdsi.gov.sa
Ministry of Petroleum and Mineral Resources: http://www.mopm.gov.sa
Ministry of Commerce and Industry: http://www.commerce.gov.sa
Ministry of Foreign Affairs: http://www.mofa.gov.sa
Ministry of Economy and Planning: http://www.mep.gov.sa
Ministry of Finance: http://www.mof.gov.sa 
Saudi Industrial Development Fund (SIDF):http://www.sidf.gov.sa
Saudi Industrial Property Authority (MODON):http://www.modon.gov.sa
Saudi Chambers of Commerce and Industry: http://www.saudichambers.org.sa
Saudi Exports Program (SEP): http://www.sep.gov.sa