Saudi Arabia has become a key investment hub over the years as
it seeks to diversify its oil-dependent economy.
Abdullah Alanezi, Partner and
Lujain Al Yousef, Associate, consider key aspects involved in
setting up a business in the Kingdom.
Over the years the Kingdom of Saudi Arabia (KSA) has become a
place of interest for many investors around the world. For
businesses wishing to expand into international markets, KSA is the
perfect choice. It is an economically stable country with a
constant increase in the domestic market and the facilities
provided by the Saudi government to foreign investors. Setting up a
business in a foreign country is always accompanied with a huge
risk caused by the non-familiarity of laws, regulations and
procedures followed in said country. Therefore, before setting up
your company in KSA, it is always better to appoint a local
representative to assist with the required formalities.
