A decision was issued through which the state will bear the expatriate fees in industrial installations, holding industrial licences, for a period of five years, informed sources told Okaz. In this connection, the Ministry of Industry and Mineral Resources will lay down the required criteria for this, in coordination with the Ministry of Finance and Ministry of Labor and Social Development. According to the sources, this decision is part of the short-term urgent solutions to stimulate industrial investments such that they achieve the goals of the Kingdom’s Vision 2030, as well as making the best use of the potentials and laying down the mechanisms to increase the volume of investments and the ensuing exports.
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