Saudi Arabia to grant business visa within 24 hours to boost investment

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Saudi Arabia to grant business visa within 24 hours to boost investment

The move is to encourage investment in the private sector.

By Web Report

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Published: Wed 11 Jan 2017, 11:28 AM

Last updated: Thu 12 Jan 2017, 7:52 AM

Saudi Arabia is set to grant business visas for foreign investors within 24 hours.
Under the new process, foreign investors will obtain business visas electronically within a day.
Foreign Ministry official Usama Nugali confirmed the move to Arab News earlier this week.
The application process for new visas for businesspeople become effective January 1. The process for visit visas for commercial firms working in Saudi Arabia will be applied within the next few days.
The step reportedly comes in accordance with directives of the Council of Economic and Development Affairs, in a big to encourage investment in the private sector.
The Saudi Arabian General Investment Authority (SAGIA) is inviting businesspeople to whom visas were issued in a step to encourage investment in the Kingdom.
The visa requests will now be processed within a two day period instead of 30 days.


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