Saudi Arabia to launch SAR 50M standard incentives package on Sunday: Official

Mohammed Al Sahib, Undersecretary of the Ministry of Investment

Mohammed Al Sahib, Undersecretary of the Ministry of Investment, said a comprehensive standard incentives package worth SAR 50 million will be launched on Sunday, Jan. 12.

During his participation in the Hafr Al-Batin Investment Forum 2025 today, Jan. 8, the official urged the industrial manufacturing sector to benefit from the package due to its easy requirements.

According to Argaam’s data, the Cabinet approved the standard incentives for the industrial sector last month, which will be rolled out in successive batches for all industrial sectors. The incentives aim to enable and develop local manufacturing of products not yet produced within the Kingdom and drive sustainable competitiveness of the industrial sector.

Meanwhile, the Ministry of Industry and Mineral Resources and the Ministry of Investment will host a launch ceremony on Jan. 12 to provide more details on the standard incentives for the industrial sector, and associated investment opportunities. The event will also feature dialogue sessions and workshops with the participation of several companies.