Issuing industrial licenses in the Kingdom of Saudi Arabia
The Kingdom of Saudi Arabia has huge investment potential that qualifies it to build a promising future. One of the most prominent areas of great interest in the Kingdom is the industrial sector, which is considered one of the main pillars of the national economy.
It is important to note that the regulation of industry in the Kingdom is carried out in accordance with the Unified Industrial Regulation System of the Gulf Cooperation Council States No. M/20, which was issued on 4/4/1427 AH, in addition to its executive regulations. The industrial sector in Saudi Arabia consists of industrial projects, also known as industrial facilities, industrial products, and project owners. An industrial facility is defined as any facility that aims to convert raw materials into fully manufactured or semi-manufactured products.
- Procedures for obtaining an industrial license in Saudi Arabia:
Before we review all the steps necessary to obtain an industrial license in Saudi Arabia, it is important to mention that the Unified Industrial Regulation System of the Gulf Cooperation Council States gives some industrial projects priority in obtaining benefits and exemptions. Among these projects are:
- Projects that produce goods for local consumption to replace or compete with foreign goods.
1. Projects that produce goods intended for export.
2. Industries that benefit from the exploitation and development of natural resources available in the GCC countries.
3. Projects established in areas specified by the state with the aim of enhancing development.
4. Projects of special economic importance or considered as such within the state plan.
5. Industries that contribute to achieving Gulf industrial integration through joint investment in industrial projects.
6. Projects that aim to protect the environment.
7. Projects that contribute to the development and localization of technology.
With Sahl for General Services and Business Solutions, we provide you with the service of issuing industrial licenses in the fastest time and with the best service.
