Saudi considers issuing temporary licenses to encourage investment


(MENAFN) The Saudi Ministry of Municipal and Rural Affairs is studying issuing temporary licenses by which one commercial stop can operate two different activities in a commercial centers. Meanwhile, Ibrahim Abdullah, head of the Information Center at the Ministry of Municipal and Rural Affairs, told Saudi Gazette that they will start issuing online licenses for 170 investment activities located on areas that are less than 150 square meters.

Speaking on the sidelines of a meeting with investors at the Jeddah Chamber of Commerce and Industry, he said the online license is printable, valid immediately and it will be investigated by officials from the ministry on the ground within a week of its issuance.

The activities included in this action will be those not related to food and medicine since such businesses need to commit to more regulations from different government bodies.

He added that they are now working on creating complaint committees at all municipalities that will look into individual cases of investors. He added that these committees shall consider each case within 10 days.

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