The Ministry of Trade and Investment will assess a plan to amend regulations to allow expatriates to invest in the Kingdom within specific regulations and standards in addition to paying taxes. The Minister, Majed Al-Qassabi, said the move will lead to the elimination of the phenomenon of commercial cover-up in the country. Vice Chairman of the Capital Market Authority, Mohammed bin Abdullah Al-Kuwaiz, said the parallel market will precede the main market to be available to various categories of foreign investors in the future. “The Capital Market Authority is currently working with ‘Tadawul’ to prepare all the legal and technical aspects. The declaration of the schedule is expected during 2Q17,” Al-Kuwaiz said. (Arab News)