VOL. XLIII

No. 25

19-June-2000

SAUDI ARABIA

Saudi Arabias GIA One-Stop-Investment-Shop Opens And Announces New Tax Rates

Prince 'Abd Allah ibn Faisal ibn Turki Al Sa'ud, the head of Saudi Arabias newly formed General Investment Authority (GIA), was reported in the local media on 12 June as saying that applications for foreign investment licenses were now being accepted. The Prince, speaking to a group of German businessmen in Jiddah on 11 June, clarified that since 4 June, the GIA promoted as a...