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ARTICLE · 07 OCTOBER 2015

Saudi Arabia Update - September 2015

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With the 2005 WTO accession, Saudi Arabia liberalized this restriction and allowed non-GCC investors to hold up to 75 per cent ownership in wholesale trade and retail entities.

United StatesInternational Law
Amgad Husein
Amgad Husein
Anas Akel
Anas Akel
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Legal Developments

100 per cent foreign ownership in retail entities to be allowed

Prior to Saudi Arabia's 2005 accession to the World Trade Organization (WTO), non-Gulf Cooperation Council (GCC) investors could hold only up to 51 per cent ownership in wholesale trade and retail entities.

With the 2005 WTO accession, Saudi Arabia liberalized this restriction and allowed non-GCC investors to hold up to 75 per cent ownership in wholesale trade and retail entities.

During King Salman's visit to the US in September, which included meetings with prolific businesses and their representatives, the Saudi Arabian General Investment Authority (SAGIA) announced that non-GCC investors will be permitted to wholly own wholesale trade and retail entities in Saudi Arabia, subject to certain conditions.

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