Saudi Investment Law Under Focus [Archives:2000/28/Local News]

A recent study published in Al-Watan magazine of the Ministry of Immigrants issue No. 49, on the new Saudi Investment Law, showed that the law ensures more opportunities to Arab and foreigners to run estates and investment projects in Saudi Arabia for licenses. The study also pointed out the change being undertaken by the Saudis from the policy of vouchers to contraction with regard to emigrants. The voucher policy has proved to be a failure to effect a balance between imported labor and the actual needs of the Saudi markets. In addition, it led to the emergence of Visa trading which consequently caused heavy losses to private sector because of the high expenses and complicated routine of importing labor. The law is also applied to Yemenis who no more enjoy any privileges as they used to do 10 years ago.
The study was done by Mondai Dayan, chairman of the Al-Mohajer organization (the Immigrant organization, Sana’a.)

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