The Saudi trade and investment system has strengthened its success through a series of qualitative initiatives that have been undertaken over the past period in the light of the Kingdom’s Vision 2030.
In the past period, global indicators have witnessed many achievements that contributed to improving the ranking of the Global Competitiveness Report for the first time in six years.
It reached the 39th position in the world, achieved the fourth place at the G20 level in business environment reforms in the World Bank 2019 report, and the seventh globally in the minority shareholder protection index.
The system implemented initiatives aimed at improving the business environment, facilitating business, enacting new legislative regulations and other amendments to provide an attractive and fair investment and trade environment, raise awareness and protection of consumer and merchant, and develop e-services.
The trade and investment system has taken advanced steps in improving the business environment. During the past period, a number of initiatives and projects have been launched.
Among these projects and initiatives is the establishment of the General Authority of Small and Medium Enterprises, the Saudi Intellectual Property Authority (SIPA), the Saudi Business Center and the E-Commerce Council.
It has also launched Maras initiative, the Small and Medium Enterprises Support Center in Riyadh, new customer service centers for the business sector, Bayan Credit Bureau and Investment Atlas and issued Business Licensing Guide to business activities.
The system continues to work to improve the business environment within the framework of planned strategies and projects aimed at making business easier in order to attract value-added foreign investments.
