Saudi Arabia mulls new investment incentives in all regions

Four Saudi government authorities are considering new investment incentives for all regions across the Kingdom, based on their topography and potential privileges, Al-Eqtisadiah newspaper reported on Wednesday, citing unnamed sources with knowledge of the matter.

The authorities are the ministry of finance, ministry of interior, ministry of economy and planning, as well as the Saudi Arabian General Investment Authority (SAGIA).

The move aims to establish investment projects across the 13 regions, and attract local and foreign investors to low-growth, small cities.

Reports were conducted on each region covering 152 competitiveness indicators through comparing the regional competitiveness factors to the average of the Kingdom's regions.

The reports contribute to enhancing competitiveness and improving investment climate across the Kingdom to attract more investments, the sources added.