The Kingdom of Saudi Arabia’s flag
The official gazette, Umm Al-Qura, published on March 14 the regulations for the Saudi Investment Marketing Authority, approved by the Council of Ministers earlier this month, and effective immediately. 
Operating with financial and administrative independence, the authority will report to the Minister of Investment and be headquartered in Riyadh. It will have the power to establish branches both domestically and internationally, subject to council approval.
The new entity aims to position Saudi Arabia as a premier investment destination both domestically and globally, promote investment opportunities across all sectors, and enhance investment marketing-related services, in line with the Ministry of Investment’s general investment policies and executive plans.
Its responsibilities include, but are not limited to crafting national investment marketing strategies and policies, as well as conducting investment marketing activities within and outside Saudi Arabia to highlight the Kingdom’s investment advantages, opportunities, and incentives.
It will also be responsible for managing a unified national identity for investment marketing and attraction, in coordination with the Ministry and relevant authorities, and atttracting international conferences related to investment marketing, and contributing to the development and support of local conferences.
It will work on collaborating and exchanging expertise with government agencies, as well as the corresponding regional and international organizations.
Moreover, it will also conduct studies and research related to the investment marketing sector, and issuing periodic and specialized reports.
Minister of Investment Khalid Al-Falih emphasized that the new authority will be a catalyst for economic growth, driving foreign investment, supporting local businesses, and fostering innovation. This, he said, will lead to sustainable development and enhance Saudi Arabia’s global competitiveness, Argaam earlier reported.
The Kingdom of Saudi Arabia’s flag
The official gazette, Umm Al-Qura, published on March 14 the regulations for the Saudi Investment Marketing Authority, approved by the Council of Ministers earlier this month, and effective immediately.
Operating with financial and administrative independence, the authority will report to the Minister of Investment and be headquartered in Riyadh. It will have the power to establish branches both domestically and internationally, subject to council approval.
The new entity aims to position Saudi Arabia as a premier investment destination both domestically and globally, promote investment opportunities across all sectors, and enhance investment marketing-related services, in line with the Ministry of Investment’s general investment policies and executive plans.
Its responsibilities include, but are not limited to crafting national investment marketing strategies and policies, as well as conducting investment marketing activities within and outside Saudi Arabia to highlight the Kingdom’s investment advantages, opportunities, and incentives.
It will also be responsible for managing a unified national identity for investment marketing and attraction, in coordination with the Ministry and relevant authorities, and atttracting international conferences related to investment marketing, and contributing to the development and support of local conferences.
It will work on collaborating and exchanging expertise with government agencies, as well as the corresponding regional and international organizations.
Moreover, it will also conduct studies and research related to the investment marketing sector, and issuing periodic and specialized reports.
Minister of Investment Khalid Al-Falih emphasized that the new authority will be a catalyst for economic growth, driving foreign investment, supporting local businesses, and fostering innovation. This, he said, will lead to sustainable development and enhance Saudi Arabia’s global competitiveness, Argaam earlier reported.
