In The Name Of Allah, The Most Merciful, The Most Compassionate

Arriyadh holds a strategic and pivotal role as the capital of the Kingdom of Saudi Arabia which is the birthplace of the Message of Prophet Mohammed (Peace be upon Him) and the location of the Two Holy Mosques. The dynamic capital hosts diplomatic, Islamic, political, economic, financial, trade, scientific, technological and educational institutions and is a fast developing national, regional and international center. Arriyadh is also a hub of administration with national cultural and heritage bodies and activities. the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz (may God bless him) has over many decades actively supported Arriyadh and its remarkable development. Today, with his Crown Prince, Deputy Prime Minister, Minister of Interior; and the Deputy Crown Prince and Defence Minister; King Salman is ably guiding the development of the Kingdom, its capital and provinces and ensuring the welfare, security and prosperity of the nation’s population. Evidence of this is seen in the range of visionary development and infrastructure projects, which are helping to transform the Kingdom and the wider region. The development process in Arriyadh does not focus on specific areas or sectors. Rather it embraces a wide and comprehensive range of projects and needs. These include ambitious programs in transportation. The King Abdulaziz Public Transport Project in Arriyadh City is the largest of its kind and will provide a network of metro and bus services in the capital. The King Khaled International Airport Development Project will considerably expand passenger and airfreight capacity; and national and regional projects to develop railroad and road networks will soon offer remarkable improvements in transportation within the Kingdom and GCC. The King Abdullah Financial District, the City of Communication and Information Technology, nano- technology and research centers are also emerging and helping to provide new and exciting opportunities for our youth. Other major projects in health, education, environment, infrastructure, housing, manufacturing, sport, welfare, culture and heritage are helping to make Arriyadh a favored destination of leading projects and secure inward investment. The Investment Climate Report is part of the ongoing efforts of the High Commission for the Development of Arriyadh to annually provide up to date information and highlight the numerous and emerging opportunities provided by the city. As well as revealing the progress in our capital and nation as a whole, this report in its English edition, is a welcome and valuable reference and resource for those around the world who are keen to learn of the investment opportunities in Arriyadh as well as for the general reader interested in the remarkable story of our capital and nation.

Faisal Bin Bandar Bin Abdulaziz Governor of Arriyadh Chairman of the High Commission for the Development of Arriyadh

Arriyadh has become a favorite destination for both regional and international investors seeking promising and rewarding opportunities in a secure urban environment that offers sophisticated infrastructure and a quality lifestyle ideal for achieving aspirations. Our nation’s leadership, may God bless them, has ensured that the capital has been given attention through careful and effective planning to provide expanding and ever broadening economic development prospects. The visionary and ambitious plans, programs and projects for the city also open the doors wide to welcome local, regional and international investors in a wide range of economic sectors. Arriyadh’s favourable position is enhanced by a comprehensive range of strategic mega projects, which are being executed under the leadership and supervision of His Royal Highness Prince Faisal Bin Bandar Bin Abdulaziz President of the High Commission for the Development of Arriyadh, may God bless him. These multi- sectoral projects, along with localisation and diversification of the economy are promoting and accelerating Arriyadh’s pace and quality of development. The High Commission for the Development of Arriyadh publishes the Investment Climate Report (ICR) in both Arabic and English editions every year. It serves to introduce readers to the investment environment of the capital. It highlights facilities and available privileges as well as presents current economic indicators. It also explains systems and procedures and provides a valuable guide to bodies that are concerned with investment in the city. The High Commission for the Development of Arriyadh, government agencies and the private sector are actively engaged in the planning and continuing development of the capital. It is our hope that this edition of the Investment Climate Report will provide a useful and informative resource for all those interested in the numerous opportunities that our capital offers to businesses and entrepreneurs.

Ibrahim bin Mohammed Al-Sultan President of Arriyadh Development Authority Member of the High Commission for the Development of Arriyadh Contents

Kingdom of Saudi Arabia: General Information 17

Basic Law 18

The Saudi Emblem 18

Membership in Political, Economic, Regional and International Organizations 18

The Kingdom’s Regions 18

Main Cities 18

Geographic Features 18

Working Hours 19

Official Holidays 19

Currency 19

ARRIYADH CITY CONTINUOUS DEVELOPMENT AND PROMISING INVESTMENT OPPORTUNITIES 21

Theme One: the Importance of Arriyadh 22

Arriyadh is the Capital of the Kingdom of Saudi Arabia 22

Arriyadh is the Headquarters of Central Governmental Agencies 22

Arriyadh is the Location of Headquarters for Banks and Major Corporations 22

Arriyadh is the Largest Population Center in the Arabian Peninsula 22

Arriyadh is the Location of Central Gulf Bank 22

Other Aspects Relating to the Importance of Arriyadh 22

Composition of Population 22

Population Pyramid 23

Gender 24

Households 24

Labour Force 24

Cost of Living 24 Theme Two: Infrastructure in Arriyadh 25

Development of King Khaled International Airport (KKIA) 25

Ports and Railroads 27

Telecommunications, Communication and Information Technology 27

Post 28

Electricity 28

Water and Sanitary Waste 28

Theme Three: Economic and Service Sectors in Arriyadh 30

Industrial Sector 30

Agricultural Sector 31

Trade Sector 32

Construction and Building Sector (Contracting) 33

Real Estate Sector 33

Education Sector 34

Tourism Sector 35

Health Sector 37

Finance and Banking Services Sector 38

Telecommunications and Information Technology Sector 39 Theme Four: The High Commission for the Development of Arriyadh and its Role in the 40 Development of the City Introduction to the Commission 40

The Comprehensive Strategic Plan for Arriyadh 40

Sub-Centers 42

Development of the Eastern Sub-Center 44 Development of both Northern and Eastern Suburbs 44

High Committee for Environment Protection 45

Public Services Coordination Plan 45

Intersection Tunnel of Makkah Road with Salah Edden Al Ayoubi Road 45

Upgrade of Abu Baker Asseddik Road Project 45

Comprehensive Plan of Public Transportation in Arriyadh 46

Wadi Hanifa Rehabilitation Program 52

Wadi Namar Development Project 52

Wadi Laban Development Project 53

King Fahad Library Expansion Project 53

Comprehensive Plan for Storm Water Drainage in Arriyadh City 53

Development of Thumamah Park 53

Riyadh Public Park 53

Theme Five: Riyadh Chamber of Commerce and Industry 54

The Chamber’s Role in the Enhancement of the Investment Climate 54

The Role of the Investment Center in the Chamber 54

The Role of the Chamber’s Other Centers and Departments 54

The Kingdom of Saudi Arabia and the Enhancement of Investment Climate 57

Theme One: Macro-Economic Indicators in the Kingdom 58

State Budget for the Fiscal Year 2015/2016 58

Future Vision of the Saudi Economy 59

Realized Standard Financial Surpluses 59

Gross Domestic Product (GDP) 59 Contribution of the most Important Economic Sectors 59

Balance of Payments 59

Foreign Trade Relations 60

The Volume and Development of Exports and Imports 60

Cost of Living Index 62

Wholesale Index 62

Per Capita Income 62

Labour Market Structure 62

Transport and Telecommunications Infrastructure 64

Major Producing Sectors 67

Theme Two: Policies and Measures Supporting Investment in the Kingdom 71

Economic Strategy and Privatization 71

The Privatized Sectors 72

Projects Supporting the Kingdom’s Transfer to a Knowledge-Based Economy 72

Economic Cities 73

Economic Freedom and the Enhancement of Investment Climate 75

The Kingdom and the World Trade Organization (WTO) 77

Saudi Arabia’s Capital Market 78

Real Estate Investment, Companies and Funds 79

Banking System Development 80

Theme Three: Rules of Investment in the Kingdom and Related Procedures 83

Labor Law, Nitaqat System and Hafez System 83

Nitaqat System 83 The Foreign Investment Act 83

Capital Market Law 84

Corporate Law 85

Commercial Register Law 85

Trade Agencies Law 86

Trademarks Law 86

Commercial Papers Regulations 87

Customs Law 87

Income Tax Law 87

Calibration and Standards Law 88

Cooperative Insurance Law 88

Social Insurance Law 88

General Environment Law 89

Intellectual Property Rights 89

Commercial Mortgage Law 89

Competition Law 90

Mining Investment Law 90

Electronic Transactions Law 90

Theme Four: Higher and Major Investment Authorities in the Kingdom 92

Council of Economic and Development Affairs 92

Saudi Arabian General Investment Authority (SAGIA) 93

The Saudi Commission for Tourism and National Heritage (SCTH) 93

Royal Commission for Jubail and Yanbu 93 The Capital Market Authority (CMA) 94

Communications and Information Technology Commission (CITC) 94

Saudi Industrial Property Authority (MODON) 94

National Anti-Corruption Commission 95

King Abdullah Nuclear and Renewable Energy City (K.A.CARE) 95

King Abdullah Institute for Nano Technology (KAIN) 96

King Abdullah Petroleum Studies and Research Center (KAPSARC) 96

Saudi Aramco 96

Saudi Basic Industries Corporation (SABIC) 97

Saudi Arabian Mining Company (Ma’aden) 97

National Water Company (NWC) 98

Riyadh Techno Valley Project (RTV) 98

Theme Five: Financial Services and Credit Funds in the Kingdom 99

Saudi Industrial Development Fund (SIDF) 99

Agricultural Development Fund (Formerly Saudi Arabian Agricultural Bank) 99

Saudi Fund for Development (SFD) 99

The Public Investment Fund (PIF) 100

Real Estate Development Fund (REDF) 100

Human Resources Development Fund (HRDF) 101

The Centennial Fund 101

Saudi Credit Bank (SCB) 102

Saudi Commercial Banks and Branches of Foreign Banks 102

Statistics of Banking Activity 103 Theme Six: Tenth Development Plan and Investment Outlook in the Kingdom 104

Investment Opportunities in Arriyadh 107

Theme One: Investment Opportunities Offered by the Government and Other Agencies 109

The High Commission for the Development of Arriyadh 109

Arriyadh Sub-Centers 111

Parking in High Density Areas 112

Roads Projects and Available Opportunities 112

Investment opportunities within the program of developing Historic Addiriyah 112

New Investment Opportunities in the New Suburbs 113

Saudi Commission for Tourism and National Heritage (SCTH) 113

Saudi Arabian General Investment Authority (SAGIA) 114

Saudi Industrial Property Authority (MODON) 114

Alriyadh Municipality 114

Public Pension Agency 114

General Organization for Social Insurance 114

King Saud University in Arriyadh 115

Princess Nora Bint Abdul Rahman University 115

Saudi Electricity Company 115

Theme Two: Investment Opportunities Offered by Other Parties 116

Saudi Aramco 116

Riyadh Chamber of Commerce and Industry 116

Riyadh Valley Company (RVC) 116 Theme Three: Investment Opportunities Resulting from Sectoral Studies 118

Public Transport Project in Arriyadh City 118

Roads Sector 120

Railway Projects 121

The Industrial Sector 125

Water Sector 125

Sanitation Sector 125

Electricity Sector 126

Education Sector 126

Health Sector 126

Telecommunications Sector 126

Housing Sector 127

Social Welfare Sector 127

Tourism Sector 127

Insurance Sector 127

Media 127

Military Sector 127

Personal Services Sector 127

Statistical Tables and Key Addresses 131

Statistical Tables 132

Web Addresses of Selected Organizations 138

This Report

The Investment Climate in Arriyadh Report represents one of the objectives of the High Commission for the Development of Arriyadh and the Riyadh Competitiveness Center to provide local and foreign businessmen and investors with guidelines and information on policies and procedures related to relevant agencies and the range of investment opportunities available in Arriyadh. The 2015 Report, as in the editions of previous years, comprises four parts: Part One provides background and general information on the Kingdom of Saudi Arabia. Part Two under the title Arriyadh City presents the importance and features of the city; infrastructure, economic and service sectors and the role of the High Commission for the Development of Arriyadh in the development of the capital. Part Three shows the role of the Kingdom in enhancing the investment climate, includes the macro-economic indicators in Saudi Arabia and outlines policies and procedures adopted by the Saudi Government to support investment in the Kingdom in general and Arriyadh in particular. It outlines key regulations and procedures, including the recent labour law related to investment, foreign investment and capital markets. It also covers main government agencies related to investment in the Kingdom and Arriyadh, including Council of Economic and Development Affairs, the General Investment Authority, Telecommunication and Information Technology Commission and the Saudi Commission for Tourism and National Heritage. It also includes the agencies which provide development funding and investment support such as the Saudi Industrial Development Fund, Real Estate Development Fund, Agricultural Development Fund, Saudi Fund for Development, Public Investment Fund as well as commercial banks. This part ends with a brief on the indicators and goals of the Ninth Development Plan and the investment strategy in the Kingdom. Part Four handles investment opportunities in Arriyadh provided by various public agencies such as the High Commission for the Development of Arriyadh, the Saudi Commission for Tourism and National Heritage and other agencies. It also includes information on investment opportunities in various private economic and service sectors and opportunities resulting from studies of sectors. The Investment Climate Report concludes with statistical tables of essential economic, service and social indicators in the Kingdom in general and Arriyadh in particular. This is accompanied by a list of websites and other useful information on the most important public and private organizations involved in investment, administrative and legal procedures.

Kingdom of Saudi Arabia: General Information 18 The High Commission for the Development of Arriyadh IMF Report, Article Four Article Consultations,(1) IMFReport, 2013/14. 3. 2. 1. economic, regional andinternational organizations including: Arabia ofSaudi The isamemberofmany Kingdom political, International Organizations inPolitical,Membership Economic, Regionaland Language:Arabic Official Religion: Islam whereas thepalmtree symbolizes growth andprosperity. a palmtree. The two swords symbolize strength andjustice, two crossed Arabian swords; thespace above istopped with Arabia ofSaudi The ismadeupof emblemoftheKingdom The Emblem Saudi the SunnaofProphet (Peace beuponHim). and isbasedontheHolyQur’an constitution oftheKingdom lawapplying IslamicSharia initsjudicialsystem. The Arabia ofSaudi The isanArab Kingdom Islamiccountry, LawBasic Abdulaziz Al-Saud. Prince Royal bin Highness bin His Salman Mohammad CrownDeputy Prince Prime andSecond Deputy Minister: Saud. PrinceHighness binNayef Mohammad binAbdulaziz Al- Crown Prince Royal Prime andtheDeputy His Minister: bin Abdulaziz Al-Saud. Arabia: The Custodian of the Two Salman Holy Mosques, King The and Prime King of Saudi of the Kingdom Minister process. inthedecisionmaking also establishedto participate municipal councils (half of whose members are were elected) of relevance to theGovernment anditspolicies. Regional advice andtheCouncil to inmatters theKing ofMinisters Islam. The Consultative Council was establishedto provide the Council in accordance of Ministers with the teachings of executive andlegislative powers are exercised and by theKing The politicalsystem isbasedonabsolute monarchy. The The Organization ofIslamicConference The Arab League The GulfCooperation Council (GCC) (1)

21. 20. 19. 18. 17. 16. 15. 14. 13. 12. 11. 10. 9. 8. 7. 6. 5. 4. Location: Arabia of Saudi The lies in the Kingdom Geographic Features • • • • • CitiesMain Capital: Arriyadh and 61classBgovernorates intheKingdom. consisting ofanumbergovernorates. There are 43classA consistsThe of 13 administrative Kingdom regions, each The Kingdom’s Regions largest oilcompany. Aramco, ofSaudi Dhahran: theheadquarters theworld’s port. an important Dammam: thecapitalofEastern Province, inoiland rich main gateway for pilgrims. andthe Jeddah: thecommercial port capital, animportant Islam’sMadinah: second holiestplace. Islam’sMakkah: holiestplace. The World Trade Organization (WTO) (OPEC) The Organization ofPetroleum Countries Exporting The Group of Twenty (G-20) The BaselCommittee The Financial Council Stability Bank ofInternational Settlements The World BankGroup FundThe InternationalMonetary (IMF) OPEC Fund for International Development (OFID) The IslamicDevelopment Bank Development Arab for Authority Agricultural Investment and Corporation The Arab Credit Investment Guarantee & Export Arab Fund for Economic Development andSocial Arab Bankfor Economic Development Africa In FundThe Arab Monetary GCC Common Market Union GCC Monetary The United Nations (UN) growth rate ofGDP4%in2014. the globaloilmarket. achieved It anaverage significant role over recent years instabilizing the Group of Twenty (G-20), andhasplayed a among ArabiaSaudi isthebestperformer in 2014shows that economy of ofKingdom Fund by theInternationalA report Monetary coastal plains, sanddunesandcoral islands. plateaus, volcanic lava fields, deep valleys, low oftopographyvariety includingmountains, The Kingdom’s ischaracterized by territory a historic civilizations and the cradle of Islam. major continents andisacenter ofmany hemisphere between threethe northern ArabiaThe ofSaudi Kingdom issituated in (1) (**) Preliminary results ofGeneral Census ofPopulation andHousing, 2010/11–CDSI. (1) from(*) Holidays onefirm to another. intheprivate vary sector Eid Al-Adha: from the5 Eid Al-Fitr: from the25 official holidays are customary: theweekendsBesides (Friday andSaturday), thefollowing HolidaysOfficial between 29and30days. than the Gregorian Year. The days month range of the Hijri year consists of12lunarmonths andis10or11days shorter correspondingMadinah, to theGregorian year 623. The Hijri (PeaceMohammed to emigrated beuponHim) from Makkah date ofthedayThis whenProphet isbasedasastarting The follows Calendar: theKingdom calendar. theIslamicHijri prayer until 10or11p.m. nine a.mandcloseat midday prayer andreopen Asr after stores work hours, butmostlytheyopenbetween eight and Shops: There are nobindingregulations for commercial Private Sector: Varies dependingoncompany andlocation. 9.30a.m.to 4.30 p.m. Sector: (SundayBanking to Thursday). Government 7.30 a.m. to 2.30 p.m. Sector: (Sunday-Thursday). Working Hours high humidity. in winter. The coastal areas are generally characterized by andcold region, andhotinsummerdry theclimate isdry in thewestern and south-western highlands. thecentral In winter, withlow rainfall. However, theclimate ismoderate general, itiscontinental: summerandcold hotduring during to region of terrain. and is also dependent In on the type Climate: respectively. oftheKingdom parts and northern andAn Nafud occupy thesouth-eastern Quarter the Empty sloping eastwards towards theArabian Gulf. of The deserts coastal plainparalleled by amountainous chaingradually geographical thewest areaIn isanarrow oftheKingdom. Terrain: kilometers. Arabian Peninsula withatotal landarea of2,149,690square Area: and Yemen andtheSultanate ofOmanto thesouth. and Qatar ontheeast;Kuwait, andJordan Iraq to thenorth onthewest;Sea theArabian Gulf, theUnited Arab Emirates ofwestern isbordered Asia. It by part southernmost theRed Saudi PopulationSaudi Population Growth (%) Rate Total Population Growth Population ofSaudi Rate (%) Central ofStatistics Dept andInformation: (latest www.cdsi.gov.sa statistical reports) The Kingdom occupiesThe aboutfour-fifths Kingdom ofthe There are ofterrain inthevast varioustypes The climatevariesfrom oftheKingdom region th th of Ramadan to 5 ofRamadan to 15 th ofDhulHijja th ofShawal Population intheKingdom2015 ( * ) . ( * ) . (1) ahead ofGreenwich Mean Time (GMT /UTC). Official Time: The Kingdom’s officiallocaltimeisthree hours 11, Jeddah 12, and Dammam, Dhahran and Al Khobar 13). 11, Jeddah12,andDammam,Dhahran andAl Khobar International TelephoneCode: 00966+Area Code (Arriyadh Power Voltage: 110and220 Both Volts are used. system for allweights andmeasures. Weights and Measures: adoptsthemetric The Kingdom isSR3.75=$1.00USDollar. Riyal Saudi transfer inoroutoftheKingdom. The exchange rate ofthe Foreign Exchange Control: There on currency isno restriction (5%). items isfive percent onmostimported duty Customs Duty: Coin 1Riyal, 50Halalas, Currency: 25Halalas, 10and5Halalas. and500Riyals.100 Riyals, 200Riyals Paper 1Riyal, 5Riyals, Currency: 10Riyals, 20Riyals, 50Riyals, divided into 100Halalas. are: Parts oftheRiyal Riyal, istheSaudi whichis unitoftheKingdom The currency Currency National 23 Day: (1) rd ofSeptember 21129960 31521418 2.06 2.4 ( ( ** ** ) ) 19 Investment Climate in Arriyadh 2015

ARRIYADH CITY CONTINUOUS DEVELOPMENT AND PROMISING INVESTMENT OPPORTUNITIES 22 The High Commission for the Development of Arriyadh Saudi Real Estate Real Saudi Company. Cement Company, Development Arriyadh Company and Company,Mining Cable Saudi Company, Al Marai, Yamamah for Chemical Company, Saudi Glass Industries, Arabian Saudi AdvancedSaudi Company, Industries the National Company. companies, Tasnee, Co (GASCO), andIndustrial National Gas located inArriyadh. These includeSABIC,telecommunications The administrative oflarge companies are headquarters BankGroup Deutsche andothers.National Bank, Bahrain Muscat Bank, such asEmirates Kuwaiti Bank, Bank, of Arab andforeignArabian headquarters branch banks isalsotheSaudi Investment It BankandArab National Bank. Fransi,Banque Saudi SABB, SAMBA Financial Group, Saudi HollandiBank, Saudi Bank, Al Rajhi Bank, Al Inma Bank, commercial banks. Al Bilad These Bank, includeArriyadh accommodatesArriyadh ofmostSaudi theheadquarters Corporationsand Major Arriyadh for istheLocation Banks ofHeadquarters other majorstate organizations. for Tourism andNational Heritage, and Customs Department Arabian GeneralInvestment Authority, Commission Saudi Science and Technology, Authority, Capital Market Saudi Agency, Arabian for AbdulazizSaudi City Monetary King isalsothelocation Press oftheSaudi It headquarters. Agency, aswell ascivilagenciesandtelecommunicationsheadquarters ministries, mostcentral governmental agencies, military is Arriyadh the location the Primeof the Royal Court, Ministry, Governmental Agencies Arriyadh ofCentral istheHeadquarter in 1902. beingrestored after it regained Abdulaziz by its glory King 1824itwas thesecond capital, In Saudi andthen Kingdom. isthepoliticalandadministrativeArriyadh capitalofthe Arabia Arriyadh istheCapital oftheKingdomSaudi The importance of Arriyadh isrepresented ofArriyadh The importance inmany factors: the Importance ofArriyadh the Importance Theme One: to reach 8.2millionin2029 one millionin1980to sixmilliontoday nearly andisexpected Peninsula. The population hasgrown ofArriyadh from almost isthelargestArriyadh population center intheArabian Arabian Peninsula Arriyadh istheLargest Population Center inthe (2) (1) 2004-2010 population grew steadily at arate theperiod of 4%during isoneoftheworld’sArriyadh fastest growing citiesand its Composition ofPopulation (MODON). Complex (ITCC) Authority Property Industrial andSaudi Valley, theInformation Technology andCommunications an advanced economy suchasRiyadh withprojects Techno technology andknowledge, aswell astheKingdom’s gate to isalsoacenterIt for developing and exchanging electronic plannedasoneoftheworld’sDistrict largest financialareas. The Abdullah Financial capital isalsothelocation ofKing Arriyadh of Relating to theImportance Aspects Other capital. oftheSaudi importance is significant andshows the competitive andfinancial merit thelocationspeaking, ofthe Central Gulf Bank in Arriyadh ofmembers. stability Economically financial andmonetary their management andsetthemechanismsthat maintain the andmethodsof theforeign reserves supervise monetary as aneconomic assemblyfor theGCC states. willalso It oftheGulfCooperation policy Council (GCC)the monetary theexecutionJoint Central of GulfBankwhichwillsupervise ofthe to betheheadquarters hasbeenselected Arriyadh Arriyadh istheLocation ofCentral Bank Gulf banks andlarge corporations. a competitive advantage of from beingtheheadquarters as gainssignificantArriyadh well as economic importance CommissionThe High for theDevelopment Population ofArriyadh: Estimates City, ofArriyadh 2004-2024 CommissionThe High for theDevelopment Estimate ofArriyadh: ofPopulation, 2029. the Middle East. the Middle Arabian Peninsula andthoseof inparticular transit hubbetween thecountries ofthe Furthermore, asacentral itacts point and the Levant Arabia. and Iraq with Southern links theArabian and Sea, withtheRed Gulf crossroads of main communication routes; it in themiddleofitslandmass. isat the It to its geographical and strategic location ancient citiesoftheArabian Peninsula due Arriyadh occupies a prominent place among advanced capitals. and oneoftheworld’s largest andmost Arriyadh istheKingdom’s largest city (2) . (1) . 1,027,809. (1) significantly to thedemand andhousing.for goods, services group isrelatively closeto that ofothercitiesandcontributes a rapid population growth. The rate ofgrowth ofthe15-59age percentage compared to othermajorworld citiesandimplies The under-14 agegroup constitutes inArriyadh ahigh programs inorder andprojects to increase jobopportunities. increased labour force inthefuture andnecessitate economic wide dueto thegrowing numberofyouth. This willleadto an of thetotal, asshown below, thusthebase ofthepyramid is Arriyadh. Those under15years ofageconstitute about34% Young ofthepopulation of peoplemakeupthemajority Population Pyramid 6,152,180. 2015/16 the overallIn population of reachedArriyadh living ofresidents. characterized by qualitative improvements inthestandard of Another feature population ofArriyadh growth isthat itis decade oftherecent that rate century increased to 16%. compared to similarcities. the1980s, In 1990sandtheearly of increase whichhasnever beenless than4%andishigh advantage ofthisgrowthThe mostimportant istherate and is responsibleof the city for the growth of other sectors. The increase inpopulation isstillthemostprominent feature than 50different languages. accommodatescity residents from many cultures withmore pattern oflife characterized by unifiedactivities. Today the than 100,000,mostlyofcommon andfollowing heritage a 1970s, theearly was nomore thepopulationIn ofthecity (4) (3) (2) per square kilometer and 42.3%female. Population is2,379individual density million, 37.3% of thetotal. 57.7%ofthepopulation ismale 62.7% ofthetotal, population whilethenon-Saudi was 2.2 CDSI,44 Arriyadh website:Arriyadh www.arriyadh.com. CommissionThe High for theDevelopment ofArriyadh. CommissionThe High for theDevelopment Population ofArriyadh: Estimates City, of Arriyadh 2004-2024 th Population Composition, 2012/13. (2) The population Saudi was 3.6millionrepresenting (1) (3) . Numberofoccupied residences was (4)

and above constitute 2.9%ofthepopulation group between 15and59comprises 64.7%. Those aged60 group makesup33.4%ofthetotal population, whiletheage According to statistics thepercentage oftheunder-14 age (5)

CommissionThe High for Development ofArriyadh. 300000

150000

200000 100000 Non- Saudi PopulationNon- Saudi Pyramid

Saudi PopulationSaudi Pyramid

100000

50000

0

0

100000

50000

200000 100000 Female Male Female (5)

Male .

300000 150000 00-04 05-09 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+ 00-04 05-09 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75+ 23 Investment Climate in Arriyadh 2015 24 The High Commission for the Development of Arriyadh distributed between 3,178,201malesand228,124females 2013thelabourforceIn intheprivate was 3,414,325, sector fall to about 5.9individualsperfamilyin2024. size of6.2individualsperfamily. This average to isexpected There are withanaverage 948,554householdsinArriyadh Ibid. (5) (4) (3) Ibid. (2) (1) Information (CDSI) recentMost data ofStatistics oftheCentral and Department ForceLabour families in2004was 21%. compared to 67%in1996. The percentage ofextended an increase innumbersofnuclearfamilies–75%2004, relatives. The changing pattern householdsshows ofSaudi family,extended couples consisting andortheir ofmarried family, consisting ofonecouple andtheirchildren andthe households. There are ofhouseholds:thenuclear two types witnessed Arriyadh a noticeable increase in the number of Households compared to 42%females. males represent and non-Saudi Saudi 58% of thepopulation males representnon-Saudi 67% compared to 33% females. males represent 52% compared to 48% females, whereas population. and non-Saudi AccordingSaudi to studies, Saudi There isasignificant difference ingender ratios between the Gender was 2,964,114andunemployed 2,531,476 theemployed theKingdom population3,192,362. In in2014 CDSI,LaborForce Survey, 2014/15. CommissionThe High for andFuture theDevelopment Housing Reality ofArriyadh: City, inArriyadh 2009. ofEconomy andPlanning, (48),2012/13. Ministry CDSI,Annual Statistical Book, (4) shows that thelabourforce is inArriyadh (2) (1)

(5) . (3)

120.1 and 126.7in2013. The cost 2014was oflivingindex during 110.5 in2009,to 114.7in2010,1192011,122.42012 in thecost oflivingindex intheKingdom. The index rose from The from period 2009to 2014witnessedanoticeable increase Cost ofLiving (15.7%) labour force totalled 537,333 2,875,692(81.6%)andSaudis constituting 35.27%ofthelabourforce. inthe Non-Saudis (7) (6) dollar exchange rates compared to othercurrencies. and othercommodities inworld andtheincrease markets of labourforce,a decrease oftheskilled price increases for food and socialdevelopment, theperiod, higheroilprices during increasing levels ofgovernmental expenditures for economic There are several reasons for theseincreases: the continuously CDSI,Cost ofLivingGeneral Index. ofLabor, Ministry Annual Statistical 2014/2015. Book (7) . (6) . reflects reflects Arab andIslamicheritage. their families. The oftheairport design andconstruction Accommodation staffand housesmore than2,000airport 18millionpassengersannually.and iscapableofserving project also includes establishmentproject of eight double gates to 35millionpassengers. oftheairport annual capacity The This contract willbecompleted in2017andincrease thetotal passengers annually. meters and provide of12milliondomesticflight acapacity thatterminal will the fifth cover an area of 100,000 square is being implemented, which includes establishment of located 35 kilometers north of Arriyadh, covers ofArriyadh, 225k north located 35kilometers the Custodian ofthe Two HolyMosques, in1984.KKIAis was inaugurated by thelateFahdairport King binAbdulaziz, intheKingdom. outside world andwithotherairports The withthe links Arriyadh International Airport Khaled King (KKIA) Development ofKingKhaledInternational Airport (1) Arriyadh Governorate Arriyadh website www.riyadh.gov.sa/riyadhcity.asp in Arriyadh Infrastructure Theme Two: (1) Currently, (Phase 1) m 2

2013. The following tableshows KKIAflights 2012- for theperiod operating at theAirport. flight display system anddeparture the arrival for allairlines lounges. facilities inallairport willbelinkedto This service wireless internet access generation wirelessincluding fourth The development also includes provision project offree zones separating themfrom theairsideareas. Phase 3includesexpansion ofterminals 1and2the and publicroads. aswell asthedevelopmentjetways andparking ofutilities of terminals 3and4inadditionto upgrading runways, aircraft Phase includesdevelopment 2oftheproject andexpansion for 3,000vehicles.and parking thenewhallswithterminals, aircrlinking facilities. housing, and transportation, services is also concerned with issues related to cultural growth ofthecity. The strategy environmental, economic, socialand urban, key affecting construction, factors has developed astrategy to accommodate point ofthedevelopment process. This plan development ofArriyadh isthestarting The comprehensive strategic planfor the capital. intheSaudi headquarters companies to establishtheirregional have encouraged many international which haveprojects commenced in Arriyadh commercial activity. Recently, themajor intoturned thecity ahubofindustrialand Arriyadh’s advanced infrastructure has aft parking areas parking aft 25 Investment Climate in Arriyadh 2015 26 The High Commission for the Development of Arriyadh (1) General Authority ofCivil(1) General Authority Aviation, 2013/14. Statistics Statistical Dept, Book, Total (DomesticandInternational) International Domestic Private Flights Domestic International Transit Passengers Private Flights Total (DomesticandInternational) International Domestic Private Flights Total (DomesticandInternational) Kind ofFlightKind King Khaled International Airport FlightsKing KhaledInternational Airport 2013/2014 Total Total Total Passengers Traffic (Arrivals bythousands andDepartures) Air Cargo (Arrivals andMail by tons andDepartures) 136,391 153,533 437,380 477,573 486,806 65,224 71,167 17,142 17,069 17,009 17,751 40,193 8,721 8,288 9,233 2013 682 60 Flights (Arrivals andDepartures) (1) 144,377 161,314 402,521 439,132 448,832 69,405 74,972 16,937 18,584 18,523 19,166 36,611 9,325 9,198 9,700 2014 582 61 further expansion. further more than300,000containers for annuallywithcapacity accommodating six stores, each of 6,480 m Arriyadh Dry Port area covers Dry Arriyadh anarea of918,639m Port take place inthisDry ofDammamPort.extension Customs clearance andstorage itan Port, making to Dry Arriyadh services goods transport OrganizationRailroad (SGRO) provides passengerand passengerline.built 449-kilometer The General Saudi railroadAhsa) by a556-kilometer for freight andarecently- is linked Arriyadh to the Eastern Province (Dammam and Al Ports andRailroads Arriyadh. Arriyadh. the development ofasecond railway between Dammamand in2010/11andrunsto 2025/26forplanned phasesstarted for from theperiod 2010/11to 2025/26. The firstofthree hasadoptedSGRO astrategic expansion planKingdom-wide (4) Ibid. (3) (2) (1) carried. data available, was 1.2million;and4,550,000tons ofcargo The numberofpassengersin2014,according to thelatest contribute to theimplementation ofthesenew projects. The between JeddahandMakkah. Arriyadh, private will sector According to strategic plansof theSGRO, newlineswilloperate Internet Services Internet Provided Services Mobile Landline Communications Mini-Satellite Telecom(Alphasat) Vehicle Tracking TelecomMobile Airplanes Via Internet Airplane Personal Mobile Telecom Via Satellite Telecommunications Center Services Recorded Texts(700) Services Message Short Interactive VoiceMessages Hosting Communications andEquipment Machines Joint Automatic Communication andControl Management Network Recharge Prepaid Telephone Cards Books Electronic Saudi General Railroad Organization, General Railroad Saudi 2014/15 Statistics. Organization: General Railroad Saudi Strategic ExpansionPlan, www.saudirailways.org. Organization General Railroad Saudi website: www.saudirailways.org. (4) . (2) (3) . (1) Companies Licensed to Provide Telecommunication andITServices . Total Licenses Service 2 . It can handle . It 2012/13 –2014/15 2

users. 4,238,375 internet users, representing 26%oftheKingdom’s broadband representing subscribers 32.7% of allusers and landlines, 953,786 30%ofthetotal intheKingdom, show inArriyadh availability ofmoreservices than1,414,374 Latest statistics 2014/15. 2012/13and and information during technology services the companies licensed to provide telecommunication Telecommunications Company. The following tableshows landline telecommunications companies; STC andAtheeb a Saudi-Kuwaiti Joint Stock Company inadditionto two a Saudi-UAE Joint Stock Company;andZainCompany, Telecom Company (STC), Company Etihad Itisalat (Mobily), by three telecommunicationsservices companies: Saudi landlines, mobiletelephones, internet anddata transmission aretelecommunications provided services through Communications Organization (Arabsat). Various Arr Information Technology Telecommunications, Communication and Ibid. (6) (5) issued by CDSI. Telecommunications andInformation Technology Authority, aspertheAnnual Statistical 49,2013/14 Book iyadh is the headquarters oftheArab Satelliteiyadh is theheadquarters (6) (6) 2012 292 127 40 19 64 15 2 3 2 0 0 2 6 0 7 0 4 1 0 (5) ondevelopment oftelecommunication Years 2013 309 131 41 19 74 20 2 3 2 0 0 2 5 0 6 0 4 0 0 2014 323 116 50 19 89 24 3 3 2 0 0 1 6 0 6 0 4 0 0 27 Investment Climate in Arriyadh 2015 28 The High Commission for the Development of Arriyadh and international inArriyadh. express courier service FedEx,DHL, ARAMEX, UPSandotherswhichoffer domestic are alsoprovided services Mail by private companies suchas company). official documents tothesubscriber’s place (houseor Wasel whichprovides ofshipments and delivery service in alocation determined by thesubscriber. additionto In with the mail boxthrough to subscription placed this service 2006,SPChasofferedearly services homemaildelivery was accounted for by consumption for otherpurposes (17%) for commercial consumption and3.8Megawatt (5%) 13.7 million(18%)-for government consumption 12.9million 6.1 millionMegawatt/hours (8%)wasconsumption, industrial totalled 39.6 million Gigawatt/hours orabout 52% of the total, 76,679 Gigawatt/hours. 2013domesticconsumption In Company salesintheCentral Electricity Saudi Region totalled a cost ofSR 500million Establishment Conversion ofNewHiteen Plant at inArriyadh the main plant and link it to of the university. the network establishment oflandcablesat acost ofSR170millionto feed University at acostAbdul ofSR450million.Also Rahman andprovide energy network, fortransport Princess Nora bint plants, expansion ofexisting onesinorder to enhance energyis theestablishment ofthree conversion electrical inArriyadh sector oftheelectricity projects important Most Ibid. (6) Ibid. (5) Ibid. (4) Ibid. (3) (2) (1) from desalination plants inJubailontheArabian Gulf. This The firstis from desalinated seawater through specialpipes water isdeliveredDrinking from to thecity two mainsources. Water andSanitary Waste increased by 2013,262,685Gigawatt/hours. 6.8%during consumption inallregions oftheKingdom electricity CompanyPreliminary data by shows Electricity Saudi that Electricity boxessubscriber boxes and50,500postalagency 935 local post points, 62 street deposit boxes and 201,576 to 2012 statistics was 148 main offices, 30 postal agencies, The numberofpostofficesArriyadh in region, according toprovide citizens. mailservices through investmentsthese services inpostalagencieswhich to customers. The private contributes sector to providing provided mailservices postal agencies. SPCalsosupervises (EMS), commercial mail,mail service promotional mail and includingparcel inArriyadh post, expresspostal services The Post Saudi provides Corporation of (SPC) alltypes Post Electricity andCogeneration Authority, Regulatory Electricity 2013/14. Post Saudi Corporation, asmentioned intheAnnual Statistical 49, CDSI, 2013/14. Book Industrial 6.1 (4) . (5)(6) Electricity Services Indicators intheCentral Services Electricity Region/Arriyadh 2013 Commercial 12.9 Generation Capacity (Megawatt) (1) Sold EnergySold (Gigawatt) . Since (3) Other . 3.8 (2) 15,347

2013 2012 2011 2010 2009 2008 2007 Growth of Sales by Saudi Electricity CompanyGrowth by Electricity ofSales Saudi (Central Region) of Electrical Energy during2014 Region) ofElectrical Housing Year 39.6 Rate ofChangein2013 = 5.7% Rate (Gigawatt hours) (6) Total Energy Sold Government 13.7 76,179 72,086 67,655 63,746 59,583 55,984 52,069 (5) to more than621,000,000m m subscribers, whilein2012consumption reached 694,000,000 In 2011theconsumption wasIn 639,000,000m increasedsubscribers from 337,600 to 381,900 in 2011/12. system serving the urban area will be the urban city of Arriyadh system serving According waste disposal to theguidingplan,sanitary 808,000,000 m (1) consumption increased from 516,000,000 m 2013was293liter/day.Region during nearly Annual Electricity, theaverage dailywater consumption inArriyadh According of to latest statistics by the WaterMinistry and water supply. source up40%ofthetotal wells isfrom making localartesian represents 60%oftotal water suppliedto thecity. The second SAMA, 49,2012.As mentioned intheAnnual Statistical 48 issued by Book CDSI. 3 by 394,100subscribers 3 . (1) , in2013consumption reached 3 in2010/11. The numberof 3 3 in2009/10 by 384,200 begin cost in2021withanexpected ofSR9billion. total andfinalstagewill cost ofSR5.6 billion,andthefourth be implemented, thethird stagewillcommence in2015at a inside the second stage of the city’s area constructed will of SR3.3billion.Specialdesigns related to areas located areand 54 projects being implemented with a total cost prepared. have oftheseprojects Some beencompleted, executivea cost ofSR5.2billion. Other contracts were also designs for2005 necessary thefirststage were prepared at to allbuiltupareas waste In ofArriyadh. services sanitary SR 25 billion. Each stage will take five years in order to provide and population growth over of the city four stages, at a cost of to expand to theexisting network cope withthegeographical completed by willbeimplemented 2021.Solutions inorder 29 Investment Climate in Arriyadh 2015 30 The High Commission for the Development of Arriyadh is the industrial city in Al-Kharj with atotal area inAl-Kharj city of100million is theindustrial andincludes1,050factories.Also ofArriyadh there outskirts while thesecond, withanarea of19k of Arriyadh, coversof Arriyadh, 451,000m total area oftheFirst City, Industrial whichliesinthecenter (MODON). Authority Property by Industrial theSaudi The There Cities bothsupervised areinArriyadh, two Industrial inthesuccessplayed ofthecity. apart plants, haslikewise andmanufacturing number ofindustrial commercial sectors. The private sector, withitsgrowing in thevarious economic areas and suchastheindustrial development through ofthecity thepastthree decades These have factors played akeyrole inthepositive government credit andfinancialinstitutions. (SAMA), (CMA) Authority Capital Market inadditionto other country’s commercial Agency banks, Arabian Saudi Monetary become a financialhub, ofthe home to theheadquarters States countries. andotherneighbouring hasalso Arriyadh center ofalarge regional represented market by theGCC aswell asitsstrategicgoods andservices; location at the whichsustainthegrowth ofdemandforopportunities be explained by population growth andincreasing job than thoseofothercities. The strength ofitseconomy can iswitnessinggrowth Arriyadh Kingdom, rates higher As thepolitical, commercial andfinancialcapitalofthe Sector Industrial 2013/14 2012/13 2011/12 2010/11 in Arriyadh Economic Sectors andService Theme Three: Year Number ofNewNumber Loans by SIDFfor Investors inArriyadh from 2010/11-2013/14 Projects 2 39 33 30 22 andincludes50factories, m 2 lies on the southern liesonthesouthern (Expanded) Projects Number of Number 13 14 12 10 m of 3.3millionm were developed. Work onthesecond phaseofdevelopment (2) (1) DevelopmentThe Fund Industrial Saudi (SIDF)finances as in the wider Arriyadh Region.as inthewiderArriyadh developed areas industrial inelsewhere inthecapitalaswell more plants. There isalsoanincreasing needto establishnew as a result areas of the industrial of the tocapacity establish demands to study, newdevelopments planandconstruct Data shows that MODONisreceiving alarge numberof Sudair Industrial City Sudair Industrial This tableisderived from theSIDFAnnual Report. (MODON):www.modon.gov.sa. Authority Property Industrial Saudi 2 . The firstphaseofthisis completed and2.5millionm Number ofLoansNumber and 35%are underimplementation. programs, 65% of which were completed The Plan includes58executive strategic (10years)Short-term Medium-term (25years) Long-term from 2003). (50years starting Vision” anditisdividedinto three stages: This as Plan isalsoknown “Arriyadh Future • HousingStrategy • Environment Strategy • Transportation Strategy • Public UtilitiesStrategy Strategy• Public Services • Economic Development Strategy following: Strategic Plan ofArriyadh includethe City Components oftheComprehensive 52 47 42 32 2 isongoing(1).257k (1) . % to Loans inthe Kingdom (2) (2) 20 16 17 15

m 2 willbeallocated to Value ofLoans 1,204 million 1,547 million 1,390 million 964 million SR million 2

In the fiscal In year 2013 Ibid. (5) Ibid. (4) (3) Ibid. (2) (1) in theKingdom pivotal ofagriculturalthe city inthedistribution production Governorate, oneofthelargest agricultural regions; makes areas intheKingdom. This, anditsproximity to Al-Kharj RegionArriyadh liesat thecenter ofthemainagricultural constituting 33.1%oftheKingdom’simportance arable area. The Region agriculturalinArriyadh isofmajor sector Agricultural Sector loans since itsestablishment upto endof2013 projects.927 industrial This represents 36%oftheFund’s total Regionnumber ofSIDFloansinArriyadh was 1,322to finance 2011/12 thetotal During inArriyadh. sector the industrial of theSIDFin2013. value of SR1,204millionor20%thetotal accredited loans loans, andinthird place interms ofaccredited loanswitha Region comes infirstplace in ofnumberaccreditedterms and expanding 13 existingprojects. industrial Arriyadh projects for 39newindustrial ofconstructing thepurpose accredited that loansduring year. These loanswere granted located Region in Arriyadh representing 36% of the of production. Regionin Arriyadh was with1,357,144tons 54,755hectares 2013/14,theareaIn assigned for ofvegetables theproduction producing about 116,373tons. Region slightly decreased 2013/14to during 21,901hectares the total arable ofgrains landandproduction inArriyadh toDue thestate’s to maintain resources policy ofgroundwater, Ministry of Agriculture. Ministry SIDF, 2013/14. Annual Report, 57,188 39,345 Area Area 15.1 51.4 (4)(5) (3) . 2011/12 2011/12 Estimate ofthe Assigned Area of andProduction Vegetables inArriyadh Region (2) Estimate oftheAssigned Area ofGrains andProduction inArriyadh Region SIDF financed 52 loans for projects Production Production 1,319,619 200,593 14.1 49.8 2011/12 –2013/14 2011/12 –2013/14 (1) . 56,500 29,997 Area Area 14.1 51.2 % to the Kingdom % to theKingdom 2012/13 2012/13 Years Years (5) (4) (Hectare/Ton) (Hectare/Ton) Production Production 1,306,838 147,695 13.6 49.3 21,901 54,755 Area Area 13.2 51.6 2013/14 2013/14 Production Production 1,357,144 116,373 13.1 49.7 31 Investment Climate in Arriyadh 2015 32 The High Commission for the Development of Arriyadh Ibid. (2) Ibid. (1) about 7%oftheKingdom’s total production. producedArriyadh about7,388kgofhoneyrepresenting in Apiaries million or17.1%ofthetotal intheKingdom. (traditional andspecialized) was moreof poultry than103.2 70.6% oftheKingdom’s total milkproduction. The number was farms more than1,258billionlitres ofmilkor 17 dairy representing 55.1%ofthetotal. The combined of production 151,083 goats, 14.6%ofthetotal, and251,397cows representing 18.3% of the Kingdom’s total. There were sheep (traditional andspecialized breeds) was 1,093,902 representing 42.8%oftheKingdom’s total. The numberof 2013thereIn were Region 99,747camelsinArriyadh withanestimatedhectares of416,326tons. production 2013thearea In assigned for offruitswas production 51,887 of 2,137,740tons. fodder was withanestimated 101,691 hectares production the same year,In the area assigned for of the production New Records 2013/14 During New Records 2012/13 During Accumulated Total upto 2011/12 New Records 2010/11 During New Records 2009/10 During New Records 2008/09 During 53,148 96,913 Area Area 51.8 23.2 2011/12 2011/12 Estimate oftheAssigned Area ofFodder andProduction inArriyadh Region Estimate oftheAssigned Area ofFruits andProduction inArriyadh Region Total Accumulated upto 2013/14 Production Production 1,946,817 Existing Commercial Companies inArriyadh 2008/09–2013/14 335,975 53.3 20.9 Year 2012/13 –2013/14 2011/12 –2013/14 (1)(2) 101,014 53,112 Area Area 51.9 23.3 % to theKingdom % to the Kingdom 2012/13 2012/13 Years Years (2) (1) • (4) (3) Total commercial companies operating intheKingdom • contribution to theGDPof9.5% indicated that growthactivity was 10.4%,witha ofthissector 2014/15. GDPresultsThe (by preliminary real price)of by type The Arabia inSaudi trade witnessedreal sector growth during Trade Sector Arriyadh wasArriyadh 404,336. 2013/2014,thenumberofcommercialBy companies in CDSI. Annual Book (49),2013/14. CDSI.Annual Book SAMA. Annual (51) 2015. Staistical Book were inArriyadh. distributed throughout variousregions. 296.7%ofthese ofestablishing184,567commercialpurpose companies issued commercial registrationsand Industry for the of CommerceMinistry thefiscal During year 2013/14the (Hectare/Ton) (Hectare/Ton) Production Production 2,096,516 402,255 53.5 24.5 Number 404,336 49,378 44,528 29,899 24,167 21,226 21,840 (4) 101,691 51,887 Area Area 52.0 22.9 (4) (3)

. 2013/14 2013/14 % to Kingdom Production Production 2,137,740 29.52 26.75 416,326 27.9 30.3 30.3 31.9 27 53.7 24.7 Real EstateReal Development Fund. loansprovidedis alsosustainedby theconcessionary by the glass, andthere were 74licenses for newfactories. The sector producing buildingmaterials,factories china,ceramics and enhanced by theexistence ofmore than170licensed Arriyadh’s isfurther sector buildingandconstruction commercial buildings, and maintenance factories of facilities. includingbridges, oftheconstruction residentialsectors and companies operate inArriyadh. They cover allthesub- A large foreign numberofSaudi, andjoint construction inrecentin Arriyadh years. sophisticated malls constitute of new buildings the majority buildings, well-designed and skyscrapers State-of-the-art, (5) Ibid. (4) Ibid. (3) (2) Ibid. (1) This to isexpected grow by ongoinglocaldemand supported contribution to theGDPwas more than 6%at current prices. 2014/2015 the real the period During estate sector’s Real Estate Sector featureremarkable inArriyadh 5.5% to theGDPat current prices andabuildingboomwas a growth past years. during contributed 2014/15 this sector In productive sectors. The has experienced significant sector ofinfrastructure andother development andsupport iscrucialto the The sector buildingandconstruction (Contracting)Construction andBuildingSector 1,369,668, 29.5%oftheminArriyadh. by theendof2013/14was and licensed from theMinistry for ofresidential construction and commercial buildings year. 25,370buildinglicenses Region issuedinArriyadh were total inthesame of113,519licenses issuedintheKingdom Total licenses issuedin2014numbered 29,136or25.7%ofthe Government-Social Buildings Mosques, Educational Buildings andMedical andCommercialIndustrial Commercial andResidential Number % to theKingdom Rate to (%) theKingdom Ministry of Municipal andRural of Municipal Affairs, 2014. StatisticalBook, Ministry National Accounts Indicators, 2014/15,CDSI. Degrees

Type ofBuilding Total Number ofContractingNumber Companies by inArriyadh Rank 2014 First 46.4 (2) 32 69 (4)(5) . (1) Arriyadh RegionConstruction Licenses 2014 Second 52.6 30 57 29,136 25,370 3,154 (3) 513 No. 99 . Third 54.8 115 These willprovide projects more than105,000housingunits, are beingimplemented by theprivate in the city. sector large comprehensiveNine housingdevelopment projects housing. to thedevelopment anddevelopment ofhousingprojects of population growth andalsotheprivate sector’s contribution preparation ofplansto meettherequirements oftherapid Fund, contribution ofthepublicplanningagenciesin residential land, Estate loansoftheReal Development completed through inArriyadh theprograms ofgranting financial capabilities. Significant housing wereprojects high-standard residences for familiesaccording to their plans have focused ofproviding onthenecessity convenient, emanating from the directives oftheFive-Year Plans. These problems. This programs isdueto government supporting hasnever1986 and1996,thecity suffered any housing rates) ofcountry between than 8%(higherthemajority and quantity. Despite thegrowing population rate ofmore development represents point aclearturning inbothquality ofArriyadh’sThe housingexperience asapart recent planned area 119,771hectares. Unplanned land area constituted and the 50,242 hectares green andothers)was ofthetotal 60,419 hectares area. Used land area in (residential,Arriyadh industrial, agricultural, 2013/2014. costs. Loans totalled Region SR69,285millioninArriyadh in of citizens’ private residences and 50% of investment loan build mallsorresidential buildings. The Fund finances 70% which grants residential loansto citizens andto investors to by Estate theReal Development issupported Fund,sector as wellprojects as growth sector. of the hospitality This for and increasing housing projects commercial development (7) (6) 63 Ministry of Municipal andRural of Municipal Affairs, StatisticalBook (64),2013. Ministry EstateReal Development Fund, 2013/14. (6) Fourth 34.1 101 296 10.8 87.1 (%) 100 (4) 1.8 0.3

(5) (7)

Fifth 38.6 130 337 113,519 101,544 1,684 9,707 584 No. To theKingdom Total 40.7 356 874 89.5 (%) 100 1.5 8.6 0.5 33 Investment Climate in Arriyadh 2015 34 The High Commission for the Development of Arriyadh according ofHigher to latest statistics by theMinistry 2012/13thenumberofstudents intheseuniversitiesIn and Princess Nora Bint Abdulrahman University. University, Saud King University Saud Ibn Muhammad Imam As for government highereducation, accommodates Arriyadh (2) (1) classes, 106,079teachers and2,206,754students 2014/15, there were with87,965 8,635schoolsinArriyadh According ofEducation in to latest statistics by theMinistry vocational training andhighereducation. forsectors both genders at all levels: schools, technical and Education isprovided inArriyadh by government andprivate Education Sector and demand vacant, indicating an overall relative balance between supply wasunits inArriyadh 1,027,809units;ofwhich4.3%were the Development theoverall ofArriyadh, numberofhousing According to thelatest Commission studyby theHigh for low-medium income population. ofaffordablein themarket housing for thelow income and an imbalance ofsupplyanddemandinthehousingmarket Despite of these developments, is Arriyadh still experiencing mostly allocated for families with high and average incomes. Adult Education Secondary Primary Kindergarten Intermediate General Department ofEducation www.riyadhedu.gov.sa. inArriyadh: GeneralDepartment 2009. CommissionThe High for theDevelopment Population ofArriyadh: andFuture Reality City, inArriyadh (1) Schools . Total Statistical Summary of Male andFemale ofMale Statistical Summary Education intheKingdom2014/15 Females Females Females Females Females Gender Males Males Males Males Males Total Total Total Total Total Joint (2) . (*) in 2013/14there were 265private training institutionsfor technically prepared to addition enter In thelabourmarket. are vocational training organisations and thegraduates are Technical and Vocational Training College for Girls. These Telecommunications andInformation College, andthe College and includes in Arriyadh Riyadh of Technology, Vocational Training andprivate (GOTEVOT) training centers through the General Organization for Technical Education and Technical Education and Vocational Training operates shown inthetablebelow: and appliedworkshops 2012/13as andsymposiaduring completed anumber ofpublicandprivate training courses The ofPublic Institute Administration (IPA) inArriyadh Education (*) Total to total females inthe kingdom. kindergarten (5) Statistical Card, Educational Arriyadh Gate. (4) (3) Colleges, INAYA Colleges Medical College, Sciences International Medical Al-Ghad Dentistry Al Maarefa College for Scienceand Technology, Al Farabi andPharmacy,private colleges;Colleges Riyadh ofDentistry DarAl UloomUniversity.University; additionthere In are six Arab OpenUniversity, Branch; Arriyadh Al Yamamah Al Faisal PrinceArriyadh: SultanUniversity; Private University; Private Education comprises Higher five private universities in Kingdom. staffinthe 29.6% oftotal 64,689faculty staffing19,166ofthefacultiesin theKingdom, representing Ministry of Higher Education: Statistics of the Ministry: www.mohe.gov.sa. Education: Statistics of Higher oftheMinistry: Ministry Education, University Statistics, of Higher www.mohe.gov.sa Ministry No. ofSchools (3) 4,606 8,635 6,566 1,180 1,810 150 119 889 450 439 923 887 577 577 603 31 was 329,676, 24.3%oftotal 1,356,602students (5) Classes 45,827 87,965 67,415 12488 12349 24837 6845 3185 3660 9972 3689 4484 5488 484 393 91 (4) andArab EastColleges. (5) 1,128,830 2,206,754 1,673,103 Students 248,276 115,786 132,490 258,123 122,593 289,223 274,777 564,000 135,530 50,906 1,476 7,525 6,049 34 training institutes and28higherinstitutes institutes for females distributed between 16training centers, (4) Ibid. (3) Technical and Vocational Corporation, Annual Achievement 2012/14. Report, (2) Technical and Vocational, Annual Achievement ofinstitute, 2012/13. (1) have beenestablished. Transportation ofAdvanced Institute andHigher Technology Recently, Aviation ofMaintenance, Institute of theInstitute accommodate more than14,850trainees. andHomeAppliances. Electronics Motors andSaudi These Plastics Fabrications, OGER Saudi Training Institute, General for Institute with theprivate suchastheHigher sector there are educational andtraining institutionsincooperation institutes and25higherinstitutes. There were also78 males distributed between 152training centers, 88training Kingdom % to the Kingdom Trainees inthePrivate Training Programs Trainees inthePublic Training Programs Higher Institute Higher Trainees in Training Programs/Business Center Graduates from Public Preparatory Programs Graduates from Private Preparatory Programs Trainees inConferences, Symposia andMeetings Traineesin Workshops Arriyadh Training Institute Training Center Ministry of Higher Education: Statistics of the Ministry: www.mohe.gov.sa. Education: Statistics ofHigher oftheMinistry: Ministry Gender Institute Females Females Females Total Males Males Males Total Total Total Training oftheInstitute ofPublic Activity Administration inArriyadh 2012/12 Intermediate 57,634 13,565 44,069 13,513 10,715 2,798 Diploma 23.4 20.6 24.3 Statistical Summary of Higher Education ofHigher StudentsStatistical inArriyadh, Summary 2012/13 Item 360,970 173,608 187,362 81,654 42,202 39,452 Bachelor Degree 22.6 24.3 21.1 Arriyadh No. in New 265 152 Private Training Institutes inArriyadh 2013/2014 25 88 23,035 10,156 12,879 Education 8,555 4,132 4,423 37.1 40.7 34.3 Higher Higher (4) (3) 441,639 197,329 244,310 103,722 49,132 54,590 . In addition . In Total of the Total 23.5 24.9 22.3 Kingdom Males 638 232 315 91 153,119 118,958 Intermediate 34,161 33,560 26,343 7,217 Diploma 21.9 21.1 22.1 (1)(2)

Kingdom (%) Kingdom 1,142,132 entertainments. Arriyadh also has stylish shoppingmallsand entertainments. alsohasstylish Arriyadh is equipped with recreation and children’s facilities and Center, Zoo. clubsandMalaz inadditionto sport The zoo center and Al-Watan Park Abdulaziz Historical within King parks, Park themostfamousofwhichisSalam at thecity squares, andgardens. parks hasanumberofpublic Arriyadh museums, publiclibraries,comprises historical artifacts, Center Abdulaziz Historical Ad-Diriyyah andKing which has severalcity historical sites, Fort, such as Al-Masmak recreational facilitiesfor citizens, residents andvisitors. The enjoysArriyadh several attractive tourism features including Tourism Sector Arriyadh / 588,771 553,361 270,174 148,826 121,348 Main CenterMain Bachelor Degree 23.7 25.3 21.9 41.5 27.5 37.9 48.3 38,048 2,780 2,780 2,300 662 559 647 Enrolled 61,351 27,269 34,082 25,942 12,497 13,445 Education 42.3 45.8 39.4 Higher Higher Arriyadh Arriyadh 1,356,602 650,201 706,401 329,676 168,540 161,136 No. in Total 24.3 25.9 22.8 78 28 34 16 (4) Ladies Branch Intermediate 30,670 23,573 7,170 7,097 7,327 1,645 5,682 Diploma 23.9 23.2 24.1 525 156 236 54 54 - Total of the Kingdom Females Past YearGraduates 298 120 136 (1) 42 101,691 61,797 39,894 32,438 17,486 14,952 Bachelor Degree 31.9 28.3 37.5 (2) Total oftheKingdom Education 8,835 3,193 5,642 3,752 1,591 2,161 42.5 49.8 38.3 Higher Higher Kingdom (%) Kingdom 71,421 1,629 1,025 2,300 1,750 4,577 4,577 Arriyadh / 26.2 23.3 25.0 38.1 141,196 72,087 69,109 43,517 20,722 22,795 Total 30.8 28.7 33 35 Investment Climate in Arriyadh 2015 36 The High Commission for the Development of Arriyadh Arriyadh Region Municipality incollaboration RegionArriyadh Municipality withthe are unitsinthefollowing 449furnished categories: Commission of Tourism andNational(SCTH). Heritage There new categorization ofaccommodation facilitiesoftheSaudi had39hotels2013/14, Arriyadh distributed according to the classes to accommodate visitors to thecity. At theendof a hotels of differentThe serves inArriyadh tourism sector government andprivate medicalfacilities. for medicaltreatment, since provides Arriyadh advanced Arriyadh’s universities, colleges come and institutions. Others all regions come to the capital for of studying in the purpose for conferenceopportunities tourism. Also, students from inhostinginternationalcity conferences whichoffer more government agenciesare located assiststhe inArriyadh and ofallministries that theheadquarters The fact Fair.International Book international ofwhichisthe exhibitions, themostimportant and international guests. also Arriyadh hosts important National andCulture, Heritage attended by national hoststhefamousannualJanadriyaFestivalArriyadh of for theinhabitants ofthecity. andrecreational asadditionalentertainment areasand serve These constitute projects goodinvestment opportunities landmark. forming andremarkable akeyattraction of thus Arriyadh and commemorative in the heart activities Faisal binFahd. The willprovide park recreational, educational former grounds, ofthestadiumPrince equestrian north 318,000 of SR 125million, is located and covers in Malaz an area of Abdullah Park,King under development at an estimated cost the world. and wet plants that willbebrought from different of parts andsoilconditions tohumidity suitmany tropical, winter Work to adaptthearea isunderway interms ofcontrolling to thewest alongtheArriyadh-Jeddah ofArriyadh highway. from various environments around the world. is located It models ofworld andhistoric gardens withuniquedesigns public gardens projects. andpark This housesseveral project achievement on the level that distinguishes the Kingdom of a majorenvironmental andwillform project asignificant International Gardens is also under development and is for the Development of Arriyadh. AbdullahThe King Al-Thumamah Commission by theHigh Park, supervised such asthedevelopment ofareas around Wadi Hanifaand underway, which will add to of Arriyadh the attraction andotherareas.Road Several are projects currently centers Road, Al-Thumamah suchasthose on theEastern Ring by theprivate sector,undertaken includingrecreational for is Arriyadh known numerous recreational projects butalsoworldwide.the city buildingswhichare recognized notonlyin state-of-the-art m 2 . onthe ofArriyadh The isinthecentral park part opportunities for theprivate sector.opportunities gardens. All oftheserepresent significant investment inresidentialparks municipalplazasandbotanical quarters, implementing many future development such as projects CommissionSaudi for Tourism andNational is Heritage (1) One Star Hotels Two Star Hotels Three Star Hotels Four Star Hotels Five Star Hotels CDSI,Annual Statistical (49),2013/14. Book % to the Kingdom website: www.mas.gov.sa email:[email protected] • • • (MAS) Tourism, Information andResearch Center Class Total Housing Sector inArriyadh 2013/2014 Housing Sector For communication withtheCenter analyses.statistics anddocumentary andvisitorstourism withdata, sector investorspartners, and operators inthe oftheCenterObjectives includeproviding research intheKingdom. the formal reference oftourism data and The Center was established in 2002 to be Number 4.7 39 16 2 5 9 7 % to the Kingdom Furnished Units (1) Three Star Four Star Two Star Five Star Total - (1) Number 33.3 449 269 162 15 3 - (1) centersthree dentistry center, acentral laboratory, amedicalrehabilitation center, clinics, oneforensicanti-smoking center, apreventive health of 268. There are also 435 medical centers out of 2,259, 18 total Region47 hospitalsinArriyadh outofaKingdom-wide According ofHealth,there to are latest data by theMinistry East. facilitiesintheMiddle most modern FahdKing in is Arriyadh one of the largest City Medical and Care Units. for Insurance (GOSI) Social Health Hospitals andtheSchools EyeHospital, Khaled Hospital, King the General Organization oftheNational Guard, Forces City Medical theSecurity Welfare Hospital, Forces theArmed Hospital, Abdulaziz King Faisal SpecialistHospital, theGeneralPresidency for Youth other government agenciessuchasuniversity hospitals, King Additionally, there are other medical facilities affiliated with provide free treatment, for diagnosis citizens. andsurgery Care Centers spread throughout the city. These hospitals Convalescence Hospital. There are alsomany Health Primary Hospital, the DiseasesHospitalandthe TB andPulmonary Pediatrics Hospital, thePsychology Health Hospital, Al-Amal Hospital,Salman Al-Yamamah Hospital, Hospital, Al-Iman the Fahdas King City, Medical Center, Medical Arriyadh Prince ofHealthhospitalssuch housesanumberofMinistry Arriyadh other government agenciesandtheprivate sector. ofHealthentities, namelytheMinistry andArriyadh, Kingdom are offeredHealth services by three inthe majorsectors Health Sector Arriyadh Physicians Kingdom % to Kingdom Nurses Pharmacists Categories Assisting Medical Ministry of Health: Annual Statistical Book, 2013. of Health:Annual Statistical Book, Ministry Group

Labor ForceLabor Employed ofHealth by andNationality 2013 Gender by theMinistry The Contribution ofthePrivate inArriyadh to 2013 theHealth Sector Sector (1) Hospitals and 31 kidney diseasecenters. and31kidney 23.5 136 32 Gender Gender Females Females Females Females Males Males Males Males Total Total Total Total 14,310 4,369 30.5 Beds Nationality Nationality Polyclinics 2,249 34.5 775 Private Clinics 26.0 192 1,724 5,931 Saudi 6,602 1,268 2,383 3,548 4,919 1,683 50 410 456 239 171 Ministry ofHealth. Ministry The following table shows labor force employed by the of 2013. private upto inArriyadh to theend thehealthsector sector particular. The following tableshows thecontribution of the ingeneral in andArriyadh private intheKingdom sector Health refers provided to theincrease by oftheservices the of thedataprovision oftheMinistry ofmedicalservices; Regarding thecontribution oftheprivate to the sector (3) ofHealth,2013. This tableisderived from theAnnual Statistical oftheMinistry Book Ibid. (2) Laboratories 32.0 100 32 Physiotherapy Centers

33.0 Non-Saudi (2)(3) 30 91 3,970 8,761 1,353 2,942 1,028 8,144 617 408 945 29 19 10 Optics CentersOptics 2,029 37.3 756 (3) Dental Centers (2) 29.6 21 71 14,692 11,692 5,694 7,955 4,210 1,484 3,000 5,327 2,628 Total 439 258 181

Pharmacies 2,039 7,180 28.4 37 Investment Climate in Arriyadh 2015 38 The High Commission for the Development of Arriyadh financial and commercial services financial and to citizenscommercial and services residents Up to theendofAugust, 2015,24commercial banksprovided versatile activities. accommodate different localand foreignfirms with financial that(KAFD) whichwill isbeingestablishedinArriyadh Abdullah Financial liesintheKing District opportunity existing banksortheestablishment ofnewones. Another potential to citizens andresidents through theexpansion of providingeconomic sectors considerable investment Finance make up one of the most important and banking Finance Sector Services and Banking sector strategicsector andinvestment opportunities. financial center whichopensthedoor for outstandingprivate strategic planaimsto beaprosperous commercial and sector. Arriyadh’s strategic vision of the comprehensive investment of the financial and banking in the activities Thus, fiscal isconsidered Arriyadh center animportant for economic weightBank), addingimportant to thecity. Bank, JP Morgan andDeutsche T.C BankandChina Bankasi B.N.B Bahrain Bank, National Bariba Bank, Muscat Bank, Bank, Emirates National Kuwaiti(International GulfBank, Bank, includingArabin Arriyadh andforeign branch banks (1) Plan ofInformation Technology. This program program, whichisbasedontheNationalthe e-government communities hasbeenembodiedthrough knowledge-based The Kingdom’s orientation towards information and Technology Commission (CITC), inArriyadh. headquartered establishment oftheCommunication andInformation theprivatization andthe change after ofthesector inparticular,and inArriyadh hasexperienced fundamental The ingeneral, telecommunications intheKingdom sector communities. to transform them into information and knowledge-based systembecome communities of modern the nervous helping infrastructure oftelecommunications andtheinternet have inothersectors.as theyencourage productivity The haveknowledge ineconomic become growth keyfactors developmentcommunity process. Information and Telecommunications andITplay adecisive role inthe Sector Telecommunications andInformation Technology • include: based city Signs indicating that Arriyadh has become a technology- foreign investment hi-tech companies. andlarge-scale and international levels. of willalsoassistintheattraction It firms to enterand industrial theopenmarket at regional economic dimensionandprovide agateway to commercial investingowner andtheactual party. The ITCC willaddanew on landowned by the Public Pension Agency, whichisthe Communications Complex (ITCC) onanarea of800,000m² announced plansto create anInformation Technology and ChamberofCommercethe Riyadh andIndustry, has for theDevelopment incollaboration ofArriyadh, with Commission theHigh e-commerce; applications, particularly motivate private companies to takeadvantage oftechnology investment inthetelecommunications and andITindustries of the Government’sAs part policies to encourage • • • • Kingdom Arriyadh % Ministry of Economy and Planning, Ministry Development Ninth Plan. meet thegovernment services. This includespayment of Application of IT in commercial to bank transactions services. that effectively contributes to meetdemands for goodsand Creates for telecommunication national industry and IT and IT. Provides buildinginthefieldof telecommunications capacity users. oftelecommunicationsProtects andIT andprivacy security membersatall community affordable prices inall regions. andmakesitavailabletelecommunication to andITservices Provides high-level and relaiabe infrastructure for Item Landlines 4,718,200 1,414,374 Telecommunications inArriyadh 2013/14 Services 30 (1) : 2,919,000 Mobiles 953,786 32.7 25.7%. of 16.5millionusersKingdom-wide, rate asubscription of The number ofinternet users was more than4.2 millionout out of2.9millionKingdom-wide, rate asubscription of32.7%. ratesubscription of 30% . There were 0.95 broadband users than 1.4 million out of 4.7 million Kingdom-wide, with a was more to the numberofsubscribers landlineservices Communications and Information Technology Commission, According to latest data for 2013/14provided by the the growth ofservices. andthequality insubscribers competition inthetelecommunications account market for as well as competitiveof services pricing. The advantages of great progress over recent years in terms of spread, versatility of mobile telephone companiesThe have services witnessed • • (2) Rapid expansion ofmobilephones.Rapid organizations. Application ofITinmostprivate andpublicsector traffic and aviationaccount services, movement. electricity, water andtelecommunications bills;passport, CDSI,Annual Statistical 49,2013/14. Book (2) Broadband Services Broadband Services Subscribers 14,268,000 0 (2) Internet Users 16,519,999 4,238,375 25.7 39 Investment Climate in Arriyadh 2015 40 The High Commission for the Development of Arriyadh • • • • • • This hasthe following andcharacteristics: objectives oftheCity Outlook Element One: several keyelements asfollows: The Comprehensive Strategic Plan for comprisesArriyadh as isthecaseofArriyadh. those resulting growth, fromof city rapid growth,particularly facilitiesandingeneralmodern avoids thenegative aspects accommodates future requirements andbenefitsfrom doesthisinawayeconomic that It andsocialactivities. nature that organizes environmental, urban, anddirects and renewable organizational environment ofastrategic in theComprehensive Strategic symbolizes integrated Plan. It of thecomprehensive planninganddevelopment ofthecity Development are ofArriyadh reflected intheimplementation High of the Commission efforts Thefor the most remarkable The Comprehensive Strategic Planfor Arriyadh ofprojects.construction basic programs for implementation, coordination and is to setup comprehensive plansfor andestablish Arriyadh of life ofcitizens. The major responsibility of the Commission to contributethe level to ofservices thewelfare andquality environmental alsodevelops policiesthat improve It aspects. to develop ineconomic, thecity social, cultural, and urban The responsibility oftheCommission isto implement plans established by a resolution of the Council in 1974. of Ministers CommissionThe High for theDevelopment was ofArriyadh to theCommissionIntroduction A beautiful city with distinguished and stylish design with distinguishedandstylish A beautifulcity A financialand commercial center A center ofscientific andcultural enlightenment planning technology and environmentally successful structural environmentthe desert through theoptimumuseof oasiswithdevelopmentA modern inharmony with ofHumanity,A City Welfare andProsperity Introduce as theCapital Arriyadh oftheKingdom Role intheDevelopment oftheCity the Development ofArriyadh andits Theme Four: The Commission High for (1) of 5,961km² The ofthedevelopment boundaries protection withanarea • • The Plan asfollows: ofArriyadh Structural covers allparts development.urban protection areas, openareas, of andboundaries directions specifiesenvironmental ofpublicutilities.and thenetwork It businesscenters,major activities, system, transportation city Strategic Plan. The Plan oflanduse, definesdistribution policies whichare incorporated intheComprehensive of theobjectives, strategiesaspects and different urban PlanStructural of Arriyadh mechanisms asfollows: This consists ofseveral planswhichrepresent execution policy Element Two: Strategy oftheUrban Development • 2024. CommissionThe High for theDevelopment Population ofArriyadh: Forecasts Study, City, Arriyadh 2004- development Urban stageuntil 2029,3,115km² development Urban stageuntil 2014,2,395km² urban areasurban Plans andStructural for hubs. Plan for center. thecity There are Plans alsoStructural for oftheseplansistheStructural important Most importance. controls related areas ofsignificant to certain spatial Local Plans Structural whichaimto policiesand clarify Islamic art andculture. Islamic art integrating with social and cultural life and acenter for different elements ofnature ingeneral. and protecting humanlife, flora andfauna various developments by maintaining airquality environment and minimizing negative of effects improvementand conservation, oftheurban natural environment interms ofprotection by Commission theHigh istheinterest inthe ofthemainelementsOne taken into account behavior andsocial religious life. domestic culture withitsreflected values, norms, The second dealswiththeintangible dimesion of the focus onthespiritofarchitecture ingeneral. belongs to thesurrounding environment with the physical dimensioninthelocalculture which realms.two complementary The first is basedon Commission seeksthecontinuity ofculture in balanced andcreative mixture. The High modern technology inorder to produce a material dimensions, whilstaccommodating of thisculture withallitsmoral, behavioural and for thecontinuity and heritagethrough support implementation ofvarious –modernity projects This appearsclearlyinpairing–duringthe inthedevelopment process.a maintributary and strengthening localculture considering it The Commission High alsoadheres to preserving material needs. environment for theirpsychological, socialand forreligious allagesandprovide aspects an ideal order to comprise commercial, recreational and These are listed inthedevelopment strategy in needs dependingon analytical field studies. development. Hence, itsprograms touch human the interest of citizens as the central pivot for The Commission High assures the principle of The Commission High for theDevelopment of (1) . Arriyadh Strategy reflects all urban and functional andfunctional allurban reflects enhance its role asafinancial, commercial andIT center. full advantage ofthecity’s competitive and characteristics the city’s income sources, limittheflight ofincome, take through thediversification oftheeconomic base, increase developmentAims to achieve abalanced socio-economic Element Four: Economic Development Strategy integrates withthecontinued growth urban ofArriyadh. of population growth andensures thesystem effectively requirements. takesinto consideration It theincreasing rate to accommodatetransportation existing andfuture The ofthisPlan objective isto provide safe and convenient Element Three: TransportationStrategy encouraging designs. distinguishedconstruction related to planninglicenses andbuildinglicenses and alsolistsproceduresIt andsteps required for regulations • • ٣٧ property, environment, issues. andurban heritage and otherconditions andprotection to of ensure privacy development standards to withrespect density, height These regulations setuprulesandsystems andrecommend into specific zones inaccordance withtheLand Usage Plan. Regulations ofLandUse andDevelopment dividethe city and future useoflandupto 2030. Comprehensive Strategic Plan. This plandefinesthecurrent executiveimportant tools for theplansandpoliciesof Land Usage Plan isconsidered oneofthemost  Strategic Comprehensive Sketch  —b˜~{D*   making process.making private andresidents inthedecision- sector to participate and application ofdecentralization ofdecisionsto allow the of thecity. This willbeachieved through integrated planning existing systems to ensure well-coordinated future growth Aims to makeadministrative arrangements to develop Element Eight: Urban Management Strategy management. public utilitiesandapplytheconcept ofoptimumresource for thecurrent deficits, provide integrated networks for telephone, waste), provide water andsanitary solutions Aims to upgrade thestandards ofpublicutilities(electricity, Element Seven: Public Strategy Utility for allcategories ofthecommunity. improve the residential environment and provide basic needs to address and facilitate the increasing demand for housing; upmechanismsforSets development ofthehousingsector Element Six:Housing Strategy use ofresources to meettheneedsoffuture generations. environmental quality. alsoaimsto achieve It theoptimum ofthefuture,the city natural preserve resources andimprove Aims to achieve asustainableenvironment whileplanningfor Element Five: Environmental Strategy 41 Investment Climate in Arriyadh 2015 42 The High Commission for the Development of Arriyadh cultural andrecreational services. offices, companies, banks, shopping centers as wellassocial, government andadministrative centers, economic activities, willbeincludedinthesecenters,opportunities amongthem local culture of thepopulation. Public andprivate sector the city. At thesametime, thehighlevel theyreflect of centers to meetthecommercial andfinancialneeds of due to accommodation andprosperous ofactive business of higheconomic feasibility that provide jobopportunities recreational and commercial activities. They enjoy being areas attractive environment interms oflivingandengagement in inorder toand publictransportation provide asafe and usages. They are witheachotherviahighways connected centersbeing new multi-purpose and with various activities The isbasedontheir future outlookofthesesub-centers by theprivateSub-Center sector. Commission hasrecently approved to develop theEastern are provided withcomprehensive civilservices. The High indiameter.people inacircle ofabout20km The areas (1) • • thecurrent centerSupport ofthecity. city. The are: andbenefitsofthisarchitectural objectives style a long-term vision for thedevelopment and planning of the representThe sub-centers aprogressive pattern urban and The oftheSub-Centers Objectives • • • • • • • • • Features andFuture ofSub-Centers Outlook two and2.5km andservices. various activities Their area ranges between and areThese areas urban are as sub-centers of known centersvision ofurban whichare withArriyadh. connected The comprehensive strategy integrates ofArriyadh withthe Sub-Centers services. tourism andrecreational healthandeducational services, sector, includingbuildingmaterials, housing, transportation, significant investment available to the private opportunities reshape thefuture over 20years. ofthecity thenext There are The approval oftheComprehensive will Plan City ofArriyadh CommissionThe High for theDevelopment Sub-Centers. Arriyadh ofArriyadh; distant from thecenter ofthecity. Provide for the newsub-regions and services activities towards decentralization. theorientation administration oftheurban Support Environmental considerations takeninto account. buildings. modern oflocalbuildingtraditionsA mixture andstylish Incubators ofspecialized educational institutions. An environment ofhigheconomic feasibility. Various forms ofentertainment. An atmosphere suitablefor ofbusiness. theconduct Safe andattractive environment for living. anduses. activities Multiple newcenters.Multi-purpose (1) 2

and they serve from 600,000to andtheyserve onemillion served by thesecenters.served pointattraction andadestination for thesector’s population areas, allofwhichare elements that make thesecenters an for familyrecreation, publicparks, playgrounds and green Furthermore, thesecenters willaccommodate variousplaces libraries, festivals, exhibitions. celebrations andartistic suchaspublic centers activities willincludemulti-cultural ofactivities. for thesekinds adequate opportunity These Thus, willprovide thecreation ofsuchsub-centers an center. the familiesthat live distant inneighbourhoods from thecity for pressing needsofthepopulation particularly ofArriyadh, to different classes and strata is one of the of the society The creation ofcultural addressed andpromotional activities Cultural andPromotional Function to achievethe sub-sites this. achieve administrative decentralization towards andlooking willbetargeted aimingto bysub-centers thedepartments police, civil defence, post, communications office, etc). The Regionof Arriyadh Governorate, municipality, subsidiary (abranchbranches andministries ofgovernment departments housesanewadministrativeEach newsub-center center and Administrative Function squares. investment and revitalization ofthe city’s opportunities new motivation for ofinvestments, theattraction provision of new centers. The resulting economic feasibility isasignificant considered oftheplanningprocess abasicobjective ofthese The concentration initselfis oftheseeconomic activities venues. among others by exhibitions, hotels and entertainment comprises relatively large development represented projects offices,and marketing banks and companies. The center also areas to reach their needs. include Activities commercial the area andstop theinconvenience ofmoving to distant willbeaccessible forThese opportunities theresidents of center. that characterize thecity economic opportunities will inprovideArriyadh Each sub-center various broad Economic Function following usesandfunctions: recreational services. willpossessthe The newsub-centers and administrative centers aswell associal, cultural and offices,activities, companies, banks, malls, government sectors, includingtheaccommodation oftheeconomic These centers ofpublicandprivate willincludethefunctions The Functions oftheSub-Centers • • • • to theprocess development. ofurban Promote thecontribution ofthepublicandprivate sectors whenplanning these centers. andquality efficiency Improve environment theurban ingeneral through high- Reduce traffictrips center. tothecity indifferentCreate ofthecity. newjobopportunities sectors housing unitswithdifferent sizes andlower density for large The residential areas willprovide around thesub-center of theresidents. will bedesigned inaway andsecurity that ensures privacy not beisolated from thesurrounding residential areas and buildings for leaseorownership. Thus, will thesub-centers the center, apartment offering ofgoodquality a variety residences for varioussocialclasseswhoprefer to live near willprovide hours,areas outofworking thenewsub-centers orderIn to avoid centers city ingeneral becoming abandoned Housing Function travelling to otherplaces inorder to obtaintheseservices. meeting the population needs and reduce the hardship of and surrounding neighbourhoods. This willcontribute to as well ashealthcenters theresidents to ofthecenters serve institutions suchastechnical institutes, specialized colleges willbepreparedThe sub-centers to housemajoreducational Educational andHealthFunctions Southern South WestSouth Western The Sector Al Naser Road Al NaserRoad South South West Road Ring Abdulaziz Street Prince bin Meshaal North Spatial Scope oftheSub-Centers ring ontheadoptedring map Following theborders ofthe ring ontheadoptedring map Following theborders ofthe Al Madinah StreetAl Madinah South sectors intheprocesssectors development. ofurban between thepublicand private mechanisms ofpartnership level ofthecity’s andenhance the economic performance inArriyadh. willraiseopportunities the These opportunities of thesecenters. This willprovide significant investment The private willcontribute sector to thedevelopment andeconomicurban environment. level.the city Uponcompletion, theywillform anattractive at and activities of multi-purposes skyscrapers high-density to makethemstandoutfrom thesurrounding area, with an integrated-services center. city are Skyscrapers permitted areas ofspecialdevelopment; eachwillrepresent amodelof that make themdifferent ofthecity. from theotherparts As areThe characterized by sub-centers a number of benefits of theSub-Centers Advantages andMotivations Related to theDevelopment meet theneedsofnewfamilies. housingthroughhigher density smallerresidential unitsto families, whilethecore willprovide area ofthesub-center Directions Road fromRoad theSouth The oftheEastern Extension Wadi Hanifa Wadi Hanifa East Al HairRoad ring ontheadoptedring map Following theborders ofthe ring ontheadoptedring map Following theborders ofthe West 43 Investment Climate in Arriyadh 2015 44 The High Commission for the Development of Arriyadh that willbebuiltonanarea of4,000m private), a cultural center and anadministrative center mosques, 13schools, two hospitals(government and 50% oflanduseisallocated to publicusesincludingfour and 32storeys tall. than 12,500residential units. Buildingswillbebetween four offices, Itwill accommodate hotels). 44,000people, inmore residential, 20% commercial and 18% other uses (commercial, areproject thediversity oflanduse. This ismadeupof11% opportunities invarious sectors opportunities they willplay asignificant role inthecreation ofnewjob to thenew areas.and population services Furthermore, jobs andhelpdistribute economic administrative activities, in terms ofarea, willprovide bothpublicand private sectors sub-centers. These, second center place the city after taking centralization to decentralization viatheestablishment offive transformation of future from planning of the city Strategic Plan for whichhasadopted Arriyadh the ismeant toThis realize sub-center theComprehensive for streets andhighways. station andbusstations. 30%oftotal landarea isallocated footpath. alsoaccommodatespedestrians It publictransport 10% oftheCenter’s area isallocated for parks, gardens and public library. Civil Affairs,Red Crescent, asocialandcultural center anda and Vice Prevention, Sub-Municipality, Departments, Security Sharia’ah theCommission of Departments, PromotionVirtue branches includingabranch ofthePrincipality oftheRegion, accommodate agency anumberofgovernment service • • • (1) covering 2,000,000 m onanarea Abdullah Road withtheendofKing Road Sabah Jaber Al-Ahmad islocated Al- ofSheikh ontheintersection It approved inArriyadh. oftheEastern Sub-Center theproject CommissionThe High for the Development of has Arriyadh Development oftheEastern Sub-Center • • • • Standards oftheSub-Centers and 2.5km whether developed orspecialized. The centers’ appropriateness to thenearby activities scheme ofthecity Proximity to theendofhubsmentioned inthestructural Proximity to highways CommissionThe High for theDevelopment ofArriyadh, Tatweer 66,2012. Magazine The space allotted for eachcenter ranges between 2km To belocated inthecenter ofeachsector 600,000 to onemillion. apopulation ofbetween to serve within aradius of10kms Provide to theresidents service ofthesurrounding areas Field) withinthespatial scope. from thecenterbetween 20and25kms (Cairo ofthecity The location ofthesecenters fallswithinanarea ranging 2 . 2 . The most prominent features of the (1) . 2 . The center will 2

Ibid (3) (2) 205 km Fahad Road,of King onanarea Ring of withtheNorth Road from theintersection 20km ofArriyadh, This islocated north Suburb The Northern Suburbs Development andEastern Northern ofboth 3.2 km Park Salman The includesKing suburb inBanbananarea of terms ofroad networks, housingandrest houses. planning anddevelopment process itselfin insidethesuburb establishment onDammamRoad. oftwo bridges of under development by theMinistry Transport including suburb. is ofInterior Agovernment for project theMinistry and approval ofroad andpublicutilitieswithinthe networks involvesIt astudyofplanning anddevelopment process k onanarea Road of214 Ring withNorth Road of EastRing fromThis islocated theintersection 20kms eastofArriyadh, The Eastern Suburb related to areal estate company. Commission has approved development ofaresidential area m CommissionThe High for theDevelopment ofArriyadh, Tatweer 66,2012. Magazine 2(3) . 2 2 • • • Road: Construction controls Abdullah alongKing andDurrat Project Arriyadh of10km . Development inland planningincludesstudyofthe parking withamaximumfiveparking floorsheight. Provision ofunder- orabove-ground heightMaximum ofbuildingsissixfloors. (residential, commercial andoffice). Permission for usingdifferentkinds ofland 2(2) . The High High . The to SR209billionover 17years The estimated costs for provisionhas amount of such services Ibid. (2) Ibid (1) ofthecurrentclear picture situation, evaluates performance topic andgivessummarizes allinformation onaparticular evaluation. up performance The index isamodel that inandfollow to participate plan enablesvarious sectors with the comprehensive strategic plan of Arriyadh. The interms ofpoliciesandprogramsof thecity that integrate oftheprocessmonitor development allaspects ofurban Observatory, whichaimsto Urban ofArriyadh structure initsfirstmeetingstatedArriyadh theorganizational Commission 2013theHigh forIn theDevelopment of Arriyadh Urban Observatory be 142km when the estimated land will future needs of public services coordinate until inArriyadh andprovide 2029 publicservices light ofthis,In theunified executive plan was adopted to which have ledto increasing demandsonsuchservices. to keepup withthecity’s rapid populationgrowth andurban Development hasendeavored ofArriyadh to realize inorder the significantHigh tasksthat the Commission for the isoneof inArriyadh thelevel ofpublicservices Raising CoordinationPublic Services Plan of thecity zone investments andpark for residents part ofthesouthern ouflow of water discharged into Wadi Hanifa. These are open adapting Al JaberLakeswhichare thefinaldownstream to rehabilitate valley feeders of Wadi Hanifa in addition to Mahdiah Valleys withintheprogram Commission oftheHigh theimplementation inOberand ofprojects undertaking Regarding theenvironment, Commission theHigh is CommitteeHigh for Environment Protection Arriyadh :www.ada.gov.saArriyadh the website Commission oftheHigh for theDevelopment of For more information on the executive plan document see 5. 4. 3. 2. 1. key elements: recent programs and future strategies. The plan includes five contributed to thepreparationparties ofthisplanincluding adoptedArriyadh thefollowing executive plan.Concerned Committee 2007theHigh forIn Environment Protection in environment. which cannotberecycled andcanadversely effectthe levels to waste a minimum and reducing waste particularly achieve effective environmental by cuttingpollution quality aimsto maintainenvironment theurban It and inArriyadh Environment Protection inArriyadh,. approved in2006theformation Committee ofaHigh for Commissionplan theHigh for theDevelopment ofArriyadh light ofthestrategyIn techniques intheoverall strategic Environmental management Development ofnatural resources, openareas andwildlife Development ofwater resources ofwasteManagement Control ofpollution (1) 2 . . (2) . g-Local Indicators Management f-Environment Indicators Management HousingIndicators e-Appropriate Indicators d-Infrastructure c-Transport Indicators Development Indicators b-Socio-economic Backgrounda-General Indicators Urban indicators are dividedinto seven mainaxes: addition to work teams andtechnical units. consists ofacouncil, executiveobservatory committee in futureand predicts conditions andgeneral trends. The urban Ibid. (3) andestablishmentbridges of14elevators for handicapped. implementation ofthree vehicle bridges, sixpedestrian the overpass. The second includes phaseoftheproject designed to match theinnovative architectural shape of Bin Abdulaziz Road, inadditionto three bridges pedestrian vehicle overpass Saud between andImam Abu BakerRoad the north. The includesbuildinga firstphaseoftheproject Abdullahwith Prince Road King Bin Abdulaziz Salman to with theintersection this road from extending thefarnorth, The isto ofthisproject improve purpose level of transport Upgrade ofAbu Baker Asseddik RoadProject willbeprovided services ofnetwork variety Also special lanesare allocated for above turns thetunnel. A the entrances andexits above oftheintersection thetunnel. toward and south. More lanes will be introduced the north at roads for willbeconstructed ineach direction transport a 750-meter long tunnelwiththree lanesandthree service addition meters In in lengthwithsixlanesineachdirection. works across of Abu is1,500 BakerRoad Air Base. Riyadh It integratesvital project withimplementation ofextension Edden withSalah AlRoad Ayoubi District. inAl Malaz This approved implementation tunnelofMakkah ofintersection CommissionThe High for theDevelopment ofArriyadh Edden Al Ayoubi Road Intersection Tunnel RoadwithSalah ofMakkah development. criteria forquality bestrecent practice policies, execution standards and andprovidecity solutions, performance diagnose theenvironmental reality ofthe andaccurateinto smart information, to staff willbeable to transform suchdata better data processing. Thus, qualified accommodate data basesfor up-to-date The Commission endeavours to inthecity.including 18publicparties for Environment Protection inArriyadh, the formation Committee oftheHigh with environmental issues, involved in concernedwhich are orindirectly directly of Arriyadh hassought to getallparties, The Commission High for theDevelopment Chairman ofProjects andPlanningCenter (3) . 45 Investment Climate in Arriyadh 2015 46 The High Commission for the Development of Arriyadh • • • • • 2016) isnow beingimplemented. Keyelements include: (2007-2011) have been completed and the Third Plan (2012- First Five-Year Plan (2001-2006) and theSecondFive-Year Plan Ibid. (1) andencourageeconomic development urban activities between different ofthecity. parts They willenhance the new elements to andmovement facilitate transportation ofupgradingpurpose theexistingandintroducing networks programs to develop future for road inthecity networks the Commission’s oftheHigh These are vitalprojects part congestion problems through digital cameras. . intersections. The system monitors alsodirectly traffic and traffic andmanage signalstraffic inthecity flow atroad to deal with traffic directly onhighways, as wellasmonitor The appliescentral project control system onalltraffic signals engineering. programming of traffic signals and improvements of traffic systems, transport roads 350 intersection withlatest smart specialized company. The includessupplyingof project Advanced for Management Traffic Signals toa world-class was approvedIt to award implementation of oftheproject Signals Project ofAdvanced Management for Traffic Completion of 7 kms ofDerab Road Completion of7kms a total length of5kms. Road with DevelopmentKing Abdullah ofthefirst phaseof passing by Air Basewithalengthof11kms. Riyadh Completion ofextension of Abu Baker andOruba Road Road oftheSecond EastRing Completion of27kms oftheNorth-WestCompletion Road of13kms Ring (1) . 3. 2. 1. are plannedwithsixlines: of 175kms system in Six Arriyadh. main axestransport with a total length The metro ofthepublic constitutes network thebackbone 1- The Metro Project asfollows:The consists network oftwo mainparts for willalsobeselected thebusproject. A numberofconsortia the project. dueto severalproject thescaleandcomplexityof consortia has awarded project of the public transportation the metro committee responsible for implementationThe supervisory completion offour years commencement after ofwork. forclass technical intheproject experience are participating Four specialized and qualified global companies with world- of Arriyadh. studies prepared Commission by theHigh for Development A Cabinet approved Resolution inaccordance theproject with metro system andanintegrated multi-level busnetwork. Transportation Project includestwo inArriyadh elements; a inArriyadh. public transportation Abdulaziz PublicThe King CommissionThe High hasprepared acomprehensive planof Arriyadh Comprehensive PlanofPublic Transportation in Line Three: The Orange Line. Road. Madinah 40.4km. Line Two: The Line. Abdullah Red Road. 25.3km. King km. Line One: The BlueLine. Olaya –Batha –Al HairRoad. 38 contributes system. to success ofpublictransport The main This represents point anattraction for passengersand areasdensity at ofmetro theintersection andbuseroutes. of thelines, theyare characterized by beinglocated inhigh The includesfour project mainstations at theintersection StationsMain consumption required for airconditioning andlighting. power technology that willsave about20%ofelectricity will accommodate commercial stores, andsolar parking Stations willalsoincludedata systems for andsome thetrips features, passengerfacilitiesincludinginternet connection. All stations are andprovided air-conditioned withsafety Abdulaziz PublicKing Transportation Project inArriyadh. architectural concepts which represents of the the identity Stations have been designed according to uniform correspond to thecolor ofeachthesixlines. metrothe Arriyadh trains. The will color ofthecarriages tomanufacturers prepare theme for one distinctive all analysis teams have studiedsuggested designs from the CommissionSpecialists intheHigh incooperation with communications andwifiwillbe available for passengers. includingforbe various classesofcarriages families, and operation to thehigheststandard andresolution. There will centralfrom state control oftheart rooms that enable automatically (driverless) whilemonitoring operation technology andadopted thesystem ofrunningtrains The metro hasbeendesigned network according to latest 6. 5. 4. Hassan binHusseinStreet. 29.5km. Line Six: The Purple Line. Abdulrahman –Sheikh binOuf Line Five: The Green Line. Abdulaziz Road. 12.9km. King Road. 29.2km. Airport Line Four: The Yellow International Line. Khaled King 47 Investment Climate in Arriyadh 2015 48 The High Commission for the Development of Arriyadh • • engineering andarchitectural designs for theproject. in designing themainstations andpropose innovative specialized instation design were calledto participate architectural competitions inwhicharchitectural practices CommissionThe High for Development organized ofArriyadh offices.and customer service areas, includingcarparking ticketsalespoints transportation public stations willprovide supporting several services • Parking Operation andMaintenance Centers Passenger Stations Generation Plants Main StationsMain Total Length (km) Length ofOrdinary Tunnels (km) Stations Length Above Ground (km) Total Length (km) Length ofDeep Tunnels (km) designing thisstation. Zaha HadidArchitects, company, aBritish isresponsible for Abdulrahman Line. -HassanBinHusseinAli BinOuf Road Lineand this station: Olaya-Batha Aiport Line, Khaled King King FahadKing onanarea Road of8,150m Abdullah FinancialKing Metro Station: located District at designing thestation. Bin Abdulrahman onanarea of196,000m Batha Line, Al Munnawarah Madinah Street andPrince Saad Metro Station: at ofOlaya-Qasr Alhokm theintersection m onanarea Abdullah Road Batha of1,100 hub withKing Olaya Metro Station: located at ofOlaya- theintersection Design Company isresponsible for designing thestation. City. ofArriyadh Ground intheheart SnohettaArchitectural 2 . Gerber Architekten. Gerber from Germany isresponsible for Item Olaya Road Line One Major ComponentsMajor oftheMetro Tracks inArriyah 15.9 16.2 1.1 4.8 22 24 38 3 2 1 1 2 . Three linesmeetat 2 besideEidPrayer King AbdullahKing Line Two Road 25.3 5.4 2.9 13 15 17 0 2 1 1 0 systems andfire fighting systems. advanced monitoring systems withcameras, publicwarning passengers andutilitiesthrough provision offacilitieswith The provides project requirements safety andsecurity for Security, andOperation Safety System for operation, maintenance, stations andmonitoring centers. maintenance, offices foremployees and workers responsible including workshops, warehouses required for periodic The includes seven project housingandmaintenance centers Housing andMaintenance Center forcapacity between 200and600cars. areas willbeprovidedA total of21parking eachwitha Public Car Parking (1) • Madinah Road Madinah Western Metro Station: located onanarea of12,500m this station.this Omrania andAssociates Firm isresponsible for designing area of1,000cars. withacapacity buses andhasaparking Bin Abdullatif Street. The station handles metro and Linemeetswithbusroutesthe Madinah at Mohammed at the central vegetable in Swaidi market Quarter. Here CommissionThe High for theDevelopment ofArriyadh, Tatweer 67,2013/14. Magazine Line Three 26.1 40.4 6.3 18 21 4 3 2 1 0 8 Airport Road Airport Line Four 27.1 29.2 2.1 0 1 8 0 0 8 0 0 (1)

King AbdulazizKing (1) Line Five Road 12.9 12.9 12 12 0 1 0 0 0 0 0 Hussein Road Hassan bin Line Six 21.1 29.5 8.4 0 0 7 0 0 7 0 0 2 , 49 Investment Climate in Arriyadh 2015 50 The High Commission for the Development of Arriyadh the six network linesofthemetro.the sixnetwork anddrilling Construction Abdulazziz King Transport Project at more than82sites along iscurrently City Arriyadh implementation experiencing of Development oftheProject Implementation operation receipt. andproject work and coordination, followed by four months for trial by eight months for preparation ofdesigns andpreparatory The willbeimplemented project over four years preceded • • • • • • • • MetroArriyadh Stations Contracts have beensigned to withawarded execute parties Execution Consortia bynetwork landcablesof83km. extending stations of380K/V. The stations willbelinkedwiththe power andtheexpansion ofeight stations existing inthecity Megavolt ampere (MVA) Power willbesuppliedvia12main The requirement project ofpower isestimated at 568 Five monitoring andoperation centers willbeestablished. ANM Consortium. Station and Alhokm Kasr West Station were awarded to were awarded to BACS Consor€tium. Abdullah Financial stationsBoth of(King andOlaya) District Value US$2.17billion. awardedHassan BinHusseinRoad) to FAST Consortium. Line Six:Purple Line(Abdulrahman -Sheikh Road BinOuf FAST Consortium. Value US$2.2billion. Line Five: awarded GreenAbdulaziz Road) Line(King to awardedRoad) to FAST Consortium. Value US$3.1billion. Line Four: International Airport Khaled Orange Line (King Value US$5.2billion. Abdulrahman awarded Road) to NewMobility. Arriyadh Line Three: Yellow –Prince Road Line(Madinah Bin Saad Consortium. Value US$2.9billion. Line Two: awarded Abdullah Road) Line(King Red to BACS Consortium. Value: US$6.6billion. Line One: The BlueLine(Olaya -Batha) awarded to BACS Bombardier andAlstom Companies. are470 carriages by being manufactured Siemens, passengers usingthemetro. which provideand communication services information for for have theproject.The carriages familycompartments technologies inmetro have manufacturing. beenselected Sophisticated latest metro that employ carriages thevery Metro Carriages commencedbin Abdulazziz andtunnelboring in2015. “’Munefah”. The TBMs were launchedby HRHPrince Bandar include names selected “Dafra”, “ Sana’a”, “Jazlah” and for the metro’s TBMs and attracted 40,000 entrantss. Winning CommissionThe High launchedacontest to chose names walls andlays track in90-120mlengths. 30mdeepunderground,drills transfers soil, buildstunnel Eachmachineweighs overlength of35km. 1,500tons and seven, usedto excavate three tracks withintheproject, at a The machinesutilized numberofboring is intheproject Tunnel (TBM) Machine Boring without usingtrucks. ,36 mlengthand9highistransferred by rail andinstalled installation work onroads traffic. Aspan weighing457 tons This methodischaracterized by of reducing theimpact latest asFull technique known SpanLaunching. installationa bridge process that inArriyadh employs the CommissionHigh for Development inaugurated ofArriyadh HRH Prince Faisal bin Bandar bin Abdulaziz, President of the overRoad 19kms. underground cablesalongPrince binMohammed Salman implemented invarious sites, inadditionto installing conversion basesandservice Bridge works are being points for undergroundstarting tracks. maintenance centers machines (TBMs) withtunnelboring works are running in the control and operation building, special route stations, regular busand busfeeder stations. multi levels. These stations are themainstations, busstations, tospecially designed fitthenetwork’s inspace andfunctions The contains project four categories ofstations whichare Stations The consists busproject of: • • • • • • andprinciples: various criteria quarters. These routes have according beenselected to for ofthecity’s passengersintheneighbourhoods in and Arriyadh representsnetwork means a major transport forThe themetro isthemainfeeder busnetwork tributary 2- BusProject levels: Accordingly, thebusroute willbedividedinto network four wastage andtimelostonroads networks environmentReducing pollution,energy consumption vehiclesReducing movement onstreets androads neighborhoods employment centersLinking withcommercial centers and city Integration planandfuture withtheurban expansion ofthe Integration withtrain network d- Level Four: busfeeder routes: theseoperate within Levelc- Three: regular residential busroutes areas, linking Levelb- Two: circular busroutes highdensity whichserve a- Level One:buslineswithspecialroutes consisting of to andfrom stations. passengers ofbusesthatnetwork effectively transport thatcriteria ensures coverage ofneighbouhoods with a dependingonvarious cover ofthecity mostquarters residential areas over and atotal lengthof600km consisting of18routes withatotal lengthof450km with67stations.total length of83km areas andconsist oftwo mainroutes inthecity witha stations. four mainroutes over with103 atotal lengthof96km length of127km. This isconcentrated withatotal inthe middleofArriyadh Second Stage areas. additionto 18regularIn busroutes withintheresidential BinAbdulrahmanMohammed Road. Hamzah BinAbdulmuttaleb Street andPrince -Derab Road to Prince BinAbdulrahman Saud theFirst Road. Area from extending Road theSecondIndustrial Old Al-Kharj asfollows:of busroutes is145km This isconccntrated inthesouthofArriyadh. The total length First Stage The willbedividedinto busproject three stages: Bus Project Stages the passengers. and the center of safety and security and manages services, drivers through communication system between the vehicle all vehicles and monitors them;communication withbuses enables the effective andsafeIt control and operation of operations center system for inArriyadh. thewholetransport This impliesimplementation project ofcontrol and Control andOperations Center areas is25. public carparking each is between 200 and 600 vehicles. The total number of Four areas have carparking beenprovided, of thecapacity Public Parking network. buses throughout alllinesandroutes ofthepublic transport convenient ticketing system for passengers of trains and This includessettingupanintegrated project and Ticketing System for Public Transport Project to give safe andupdated data to timing. passengersontrip This ofbusoperation aimsto andmonitoring raise efficiency Bus Tracking andPassengers Information System 51 Investment Climate in Arriyadh 2015 52 The High Commission for the Development of Arriyadh free andremove allobstacles preventing natural drainage environment. The isto objective makethewadi pollution- rain, ofthe natural floodandpermanent water to bepart Work onpreserving Wadi Hanifaasarunofffacility for First Axis on achievingtwo essential axes: of any future development projects. This hasworked project The environmental rehabilitation of Wadi Hanifaisthebase Wadi Hanifa Rehabilitation Program remaining neighbourhoods in the north part ofthecity. part remaining inthenorth neighbourhoods six months postto thefirstphase. The third phasewillinclude ofthecity.in eastandwest parts The second phasewillstart center thesecond insouthofArriyadh, isinthecity and starts Operational works willbelaunchedinthree phases, thefirst of900,000passengersdaily.capacity will operate annuallyandhave more than91.5 million km a highest specifications by major companies. The busfleet sizes andcapacities. They are classifiedaccording to the including one thousand the buses bus of network different The contract impliessupply, operation andmaintenance of operational years preceded by two processing years. RATP SR7.8billionfor willimplement acontract ten worth An alliance composed ofSAPTCO andtheFrench Company supply, operation andmaintenance in2015. oftheproject signing after running insouthofArriyadh, thecontract of Amendment works ofthefirstphaseBRT routes are are 12routes for regular buses. additionto busroutesIn withintheresidential centers, there BinAbdulaziz Road. Saud -Imam Abdulaziz Road -King Road Prince BinAbdulrahman Eddeen Saad -Salah Alayoubi Road Alayoubi Road. Eddeen -Salah Abdulaziz Road -King Abdulaziz Road Prince Turki BinAbdulaziz theFirst Bin Saud -Imam Road Buses Road Ring Shafi’ Street Bin Alwaleed StreetKhaled to extending the south to Imam Prince Abdulrahman Saud BinMegren Road. from extending Abdulaziz Eddeento Road Salah Road King Buses withSpecialRoutes: withatotal ofArriyadh lengthof175km. north This covers theremaining busroutes andislocated inthe Third Stage are 12routes for regular buses. additionto busroutesIn withintheresidential centers, there to Air Base. theRiyadh neartheentranceAbdulrahman Abdulaziz Road to Road King EddeenSalah Alayoubi from extending Road Prince Bin Saad Abdulaziz Road. to King National Security) Jaber Alsobah (near from extending Road Sheikh Khurais including pedestrian footpaths,including pedestrian seating andparking. The alsoincludesestablishment project ofopenparks ofWadiproject Hanifa. shrubs have oftheregreening alsobennplanted aspart the wadi, with2,000trees moved to thelower stretch. 50,000 trees and7,000palmtrees have30,000 desert beenplanted in ofpavedbeautiful areas along thewadi and7.4km walkways. footpathsin ofpedestrian than 2,000cars, themost 47km 2,500 lamppostsinstalled, to sideparks accommodate more atbeen constructed withthechannel, theintersection to Road. Mansoura have 22 bridges Diriyah inthenorth has beenestablishednearthewadi,from extending Ad- road with a width between sixandnine metersA 43-km along thevalley hasbeenallocated for publicutilities. utilities have beenconverted to overhead linesandanarea requirements of asensitive andfragile environment. Electric surrounding thewadi andimproving themto meetthe The alsoincludesrealignment project ofpublicutilities oxygenation. can accommodate 800cars. local road isprovidedkilometer that withroadside parking establishment of the a dam cornichelake. overlooking A six- area withtrees, palmtrees andnative plants andthe roads. measures include replantingas service Other the with guiding signage and improved traffic flow as well streams, establishment oflocalilluminated roads provided an area calledAtiqa. Development includeswork adapting from extends westIt to theeastandmeets Wadi Hanifain Wadi ofArriyadh. Namarislocated part inthesouthern Wadi Namar Development Project of 100,000m accommodate aplant for ofwater treatment withanarea toField hasbeenselected ofArriyadh inthesouthpart the wadi. of The lower part Wadi Hanifaadjacent to Algeria due to its low cost and it being compatible with the nature of The hasadopted project anatural system for water treatment flow and remove bouldersandrubble. Flood control through ofdamsto regulate construction water Torrential storm water flowing inthe wadi in rainy seasons meter deep Permanentkm long, water sixmeters runoff57 wideandone three different levels; infrastructure andfacilitities. Water drains have beenlaidat residentsthe city by paving roads and providing necessary Rehabilitation ofthewadi to beoneoftheopenareas for Second Axis services. realignmentincludes the necessary offacilities and existing in thevalley andprovide livingenvironment. aflourishing It 2 for ofincreasing thepurpose water flow and planted withpalmtress andprovided with WCs. thelakehasbeen corniche overlooking The two kilometer Dam to downstream in Wadi Hanifa. tobeen constructed facilitate from smoothwaterflow Namar meter channel, eight meters wideand1.5meter deephas 170meters wideandis20meters deep.two km, A3,100 m for staffandvisitors willbe overtwo floors covering 16,000 allocated to beapublicsquare. Underground carparking the dambasinhave beenprovided withstone seats for hikers. plants. 30sites overlooking anddesert shrubs ofvariouskinds Wadi Laban has been planted with 100 palm trees, 1,500 m 21,000 square meters. hasatotal areaThe of87,000 library in terms of functions. The is about total area of the library optimumuseofland designdistinctive aswell asmaking This development plays project asignificant role, hasa research andstudycenter. anda buildingto become anational publiclibrary library Fahad Library, itsboard oftrustees decidedto expand the toDue increase andarchives ofbookcollections at King King Fahad ExpansionProject Library 2,800 m inadditiontoconstructed footpaths covereing anarea of oflandscapedpaths withstones328 cars. willbe 4.3km provided areas that withilluminated accommodates parking landscaping, road seating andestablishment ofa3.8km roads, measures includeestablishment ofservice Other the traffic flowfarmers. forhikersand on thefloodplain,establishingilluminated roads to improve includes cleaningthewadi anddambasinfrom waste, work meets Wadi Hanifainanarea calledQurashyyah. The project Wadi from Labanextends west to theeastand ofthecity Wadi Development Laban Project Namar Lakearea covers 200thousandm palm trees and9,500shrubshave beenplanted inthewadi. walkways have beensuppliedwith245lights. More than520 892 moffootpaths have beenlaid. andpedestrian Roads Arriyadh City Comprehensive Planfor Storm Water Drainage in a comprehensive planfor storm water drainage inthecity, CommissionThe High for Development of approvedArriyadh more thanthree millionbooks. from 600,000booksto 2.4millionbooksandlaterlibrary to The is to of this project of the purpose raise the capacity for 170vehicles.parking To there isanarea ofthelibrary 20,000m thenorth 2 2 accommodating upto 350cars, inadditionto external andincludesanunderground area. parking 2 . 2 withalengthof 2

King Abdulazziz Road inthewest. Abdulazziz Road King intheeastand Road inthesouth,EastRing Road Makkah to inthenorth fromAbdullah Road King starting the park, to acomprehensive planningstudyofthearea surrounding and final design willbe prepared, ofthe park Initial in addition of 2,500,000m include establishment andpublicgarden ofapark onanarea Future vision and conception designs Public of Riyadh Park PublicRiyadh Park prevent vehicles entering sensitive environmental areas. completed, in addition to otherworks suchasfencing to local road leadingto campsites network wilderness isbeing designs also are prepared for 243dailyfamilycamps. A and includes completionprojects of 123 camps. Required The plan includes a full range of integrated programs and Development of Thumamah Park potentially exceed assumedcapacity. to siteswith respect critical inrainy timesthat might such places. appliestheconcept of It “event management” each area andaccount for thelevel development ofurban in Procedurescitywide. were takento address surrounding risks feasible solutionsto offloodingin1,471areas dealwithrisks A permanent work planwas developed containing themost control floods over thefuture ofthecity. provides for planningandenvironmental solutionsthat bordersit covers upto 2050. boundary theurban The plan 2 allocated in the old airport ofArriyadh. allocated inthe oldairport 53 Investment Climate in Arriyadh 2015 54 The High Commission for the Development of Arriyadh branches (2) (1) in the Chamber. seeks to contribute It to the improvement The Investment Center isoneoftheoperating departments The RoleoftheInvestment Center intheChamber convince thegovernment to reform sector regulations. these objectively, suggests alternative proposals andseeks to the development criticizes circumstances It intheKingdom. regulations andresolutions that might beinadequate to helpsdiscoverIt andassessthenegative ofold impact the private to understand andwork sector accordingly. systems andprocedures inforce. deploys themand recruits It studying theresults andpositive ofapplication of factors the investmentThe Chamber also supports climate by stock companies. more investment andencourages theestablishment ofjoint the development ofArriyadh’s economy andsociety, attracts increase thecompetitive inaway capacity that contributes to withcomparativeeconomic sectors advantages. This helpsto economic issuesto encourage theprivate to invest sector in prepares studies andresearch and provides on consultancy of investment andrelated also feasible It opportunities. to benefit from anddetermine newareasopportunities doesthisby identifying theavailable It Arriyadh. investment theinvestmentThe Chamberseeksto support climate in Investment Climate The Chamber’s RoleintheEnhancement ofthe for itsvarious economic andvocational sectors. The Chamberalsocomprises more committees than30sector EconomicRiyadh Forum. independent secretariat general withintheChamberand exhibitions andanotherfor bothrelated localproducts to Chamber, two independent centers for conferences and The Chamberhas10internal branches Region. environment more andattracting investment to Arriyadh of competitive advantage, improving theinvestment goals are encouraging theprivate to invest sector insectors interests oftheprivate sector. The Chamber’s mostimportant established in1961to maintain, protect anddevelop the (RCCI)The ChamberofCommerce Riyadh was andIndustry Alslel, Aljash offices). Branches: Wadi Aldawaser, Al Dawadmi, Shaqra, Afif,Muzahemiah, HotaBaniRemah, Sajer (Nafi, Tamim, Authority, National Products, Al Badeea’a. andAl Khaleej Branches: 1 and Industry Chamber ofCommerceRiyadh Theme Five: st (2) and2 , awomen’s branch independent from the nd Industrial Areas, Alnaseem, Alshifa, the Ministry ofCommerce, Areas, Industrial Alnaseem, Alshifa, theMinistry the Investment (1) , 11 external , 11external the Kingdom andArriyadh the Kingdom addition to promotional campaigns for foreign investment in databases targeted by the businessmen and researchers, in for differentopportunities It alsoprepares economic sectors. climate anddevelopment requirements andinvestment The Center prepares andpublishesstudiesontheinvestment investment. and answers members’ aboutissuesrelated inquiries to raises theawareness ofthebasicsinvestment activities also promotes theadvantages granted to foreign investment, national investment joined with foreign products capital. It preparesopportunities, relative databases andpromotes of the main pillarsof investment activity. monitors related It onthereality andfoundationsreports ofthedevelopment and domesticcapital. The Center alsoprepares studiesand increase its competitiveness to foreign attract investments in general inparticular. andinArriyadh endeavours It to of theinvestment climate anddevelop investment activity (4) (3) centerintellectual that discussesnational economic issues EconomicRiyadh Forum seeksto beastrategic and The Forum’s Strategic Objective community.the Saudi which itaddresses arange ofeconomic andsocialissuesof The Forum holdsaconference two years, once every during Chamber’s board ofdirectors andothers. through a board of trustees that consists of a number of the relates toChamberofCommerce theRiyadh andIndustry EconomicRiyadh Forum isabodythat administratively EconomicRiyadh Forum andCenters Departments Departments The RoleoftheChamber’s Centers Other and and export regulations invariouscountries aroundand export theworld. opportunities. They themwithregard alsodirect to import guide businessmenandinvestors to variousinvestment They provide data relevant to and theeconomic sectors administrative, training, consulting and research services. investment climate Region inArriyadh through several Economic Forum play the asignificant role insupporting More than 40 departments andcenters. More than40departments www.riyadhchamber.comsee thewebsite ChamberofCommerce oftheRiyadh andIndustry: For more information on theachievements of theCenter andreferences oftheinvestment opportunities, • • • • • • for variousactivities reasons: occupies a privileged position in the economic The Chamber ofCommerce Riyadh andIndustry associations andcenters. business ofcharitiesandrelated committees, the Chamber to beintroduced to itsactivities. business owners’ delegates are interested invisiting their effects. Chamber’s role to follow upthesevariables and the nationalchanges affecting economy, and the implementation ofdevelopment programs. entities inArriyadh make centers. itcloseto decision-making The Chamber’s thegrowing role active insupporting Visiting dignitaries, government delegations and Succession ofglobaleconomic developments and The increasing role oftheprivate inthe sector Availability ofthelargest numberofcommercial location inthepoliticalandeconomicIts capital (3) (4) . of the Chamber and Riyadh oftheChamberandRiyadh years) since 2003. sessionwas heldinJanuary,The sixth 2014. EconomicRiyadh Forum two hasheldsixsessions(every oftheForumSessions economic development. a Think Tank towards abetter contribution to sustainable follows different methodologies of basedontheprinciple It also andscientific approach.depending onapractical The area oftheCenter is189,000 m Road. ontheEastRing International Airport Khaled Prince Center, Social Salman 15 minutes away from King located Abdullah closeto binAbdulaziz Road the onKing economic events. is an independent administrative It body and international commercial fairs, conventions and various wasThis established to Chamber facility be a place for local Center InternationalRiyadh Conventions andExhibitions • • • • will bediscussed: The seventh round isbeingprepared, thefollowing themes (1) economy ofbeingonetheinfluential economies.world inlinewiththeaspirations oftheSaudi exhibitions industry is embodiedintheestablishment of aconventions and citizens. economy ofSaudi The ability to for create jobopportunities economy. for development andtransition to aknowledge-based The development oftheinformation asacatalyst sector economy. and motivating elements andtheireffectonthenational The development ofthejudicialsystem, strengthening conventional energy. ofwaste andreduction future of intheKingdom prospects The economics ofalternative andrenewable energy, For more information onthestudiesandsymposiaof theForum’s 7 www.riyadhef.com 2 th .The Center’s vision round andotherrounds pleasevisit (1) Ladies Section Ladies commercial andinvestment opportunities. issues that help businesswomen realise domestic and foreign development andother ofspecialisedandtechnical skills the responsibility oforganizing events that contribute to of membershipintheChamber. Also, ithasundertaken procedures, ratification and ofthetransaction renewal hasinitiated businessrelatingThe Section to subscription economy ingeneral andArriyadh’s economy inparticular. anddevelopinside andoutsidetheKingdom national businesswomen’s from meettheircounterparts activities, council whichaimsto discusseconomic issuesrelated to succeededThe intheformation Section ofawomen’s executive activities. and service and theyare engaged inabout7,800commercial, industrial There are inthe about3,000subscribers Women’s Section hasreachedArriyadh 34%oftotal records intheKingdom. the volume of commercial records ofbusinesswomen in development ofwomen’s since particularly businesssection, aimsto andobstaclesfacingthe studyrisks The Section zones.industrial providesIt specialcommercial mallsaswell aswomen’s Saudi fitthe woman and herneed for privacy.that particularly andinvestmentsChamber helpscreate jobopportunities environment available to all businesswomen in Arriyadh. The staff, is to improve and legislative the regulatory business whichisrunby national qualified The taskofthisSection, commenced work inanindependentSection building. theirdevelopmentIn 2004,theLadies efforts. support businesswomen’s in and Arriyadh endeavours section to The Chamberisinterested to inproviding the services 55 Investment Climate in Arriyadh 2015

The Kingdom of Saudi Arabia and the Enhancement of Investment Climate 58 The High Commission for the Development of Arriyadh Ministry ofFinance: according(2) Ministry to SAMA 51 (1) resources accounted for aboutSR60 billion Water, industry, andothereconomic agriculture services billion, a2.5%increase. accounted services for SR63 andtransport Infrastructure from 2014/15allocations. accounted services Municipal for SR40billion,a2.6%increase allocations. social development, about51%increase from 2014/15 SR 160billionare allocated and for health,healthservices SR 217billion,25%ofthefinancialallocations. higher education andemployment training) accounted for of human resourcesSectors development (general education, expenditures were estimated at SR860billion. Public revenues were estimated at SR715billion, whilepublic and consequently opens thedoorfor more jobopportunities. This promotes continuing growth, long-term development largest share ofthestate budget for thefiscal year 2015/2016. resources for development whichaccounted projects for the The State continued to ofits allocate thebiggestproportion State Budgetfor theFiscal Year 2015/2016 Subsidies Specialized Government Credit Institutions General Management, Facilities andGeneral Items Defence andNational Security Services Municipal DevelopmentInfrastructure DevelopmentHealth andSocial Economic Resources Development Transport andCommunications Human Resources Development Ministry ofFinance: ofFinance statement Ministry for oftheMinistry the fiscal year 2015/16. in theKingdom Macro-Economic Indicators Theme One: st Annual Report, 2014/15. Annual Report, Distribution ofEstimatedDistribution State BudgetAllocations 2014/2015 Total Item (1) . (2) allocations. an increase by SR 245 billion or 28.7% from 2014/2015 expendituresActual are to expected reach SR1,100 billion, allocations. 89%ofwhichare petroleum revenues. fiscal year 2015/2016, anincrease by 22%from estimated are to expected reach SR1,046billion by theendof state budgetfor thefiscal revenuesyear 2014/2015,actual According ofFinance to astatement by the Ministry and future generations. order to achieve sustainabledevelopment ofthisgeneration ofscientific research andsanitation, andsupport in services in theeducation sector, health,security, socialandmunicipal continue investing indevelopment programs andprojects areas.in neighbouring Arabia ofSaudi The will Kingdom level since ofinstability 2008/09,inadditionto otherfactors growth from previous level, oilprice declineto thelowest financial conditions, includingdeclineof economicworld 2015/16 budget was affected by challenging economic and (3) Ministry ofFinance: ofFinance statement Ministry for oftheMinistry the fiscal year 2015/2016. world. owns about 25% of oil It reserves in the ArabiaSaudi accounts for 25%ofArab GDP. dollars in2118. income to isexpected reach $33,500US growing countries. Average individual Africa (MENA) awell asoneofthefastest economies EastandNorth intheMiddle isalsooneofthelargest ofthe20 It systems stimulating investment. seventh intheworld amongthebesttax worldwide anditstaxsystem isranked Arabia isranked infinancialfreedom fourth in annual worldKingdom rankings. Saudi by thesuccessive achievements ofthe regional andlocallevels asevidenced to different economic variables at global, The economy Saudi isflexible in reacting Million Riyal Million 855,000 302,859 209,296 43,553 15,375 84,558 34,610 13,540 78,166 49,537 23,506 (2) 35.4 24.5 100 5.1 1.8 9.9 4.0 1.6 9.1 5.8 2.7 % (3) onthe (3) Ibid. (2) Ibid. (1) current prices to SR 28,217 billion According to to CDSI, in 2014/15 GDP is expected grow by Gross (GDP) DomesticProduct open accounts setfor by thispurpose SAMA. for thesebudgetsisestimated at SR185billion,financed by theendoffiscal By year 2015/16theamount of expenses by revenues surplus from previous budgets. being financed by anadditionalprogram whichisfinanced billion in2015,alarge numberofdevelopment are projects additionto expenses includedinthestateIn budgetofSR860 Realized Standard Financial Surpluses provide newjobopportunities. and create appropriate environment for investment and managementpolicies shouldhelppromote macro-economic with therecent conditions. Development ofmacro-economic safety policiesaremacro adequate precautionary to contend economic policiesto dealwithrisks. Financial policiesand Current provisions andfinancialprecautions allow macro housing sector. is to expected Inflation remain at low levels. and sector ofthetransport infrastructure ofmegaprojects of theprivate andgovernment sector expenditure on willgrow by activity activity supported 2014/15. Non-oil to isexpected slightlyproduction changecompared to The immediate economic outlookappearspositive. Oil Future Vision Economy oftheSaudi prices, non-oil sector grew sector prices, by 8.21%. non-oil decreased 2014/15 the oil sector byIn 7.17% by current year by current prices. GDPoftheprivate grew sector by 9.11%from theprevious current prices. 2014/15GDPofthegovernmentIn reached sector 6.2%by to 2.67% in theprevious year. 2014/15GDPincreasedIn by 3.59%by fixed prices, compared the previous year ofSR27,947billion. 1000000 1200000 1400000 Million SR Million 200000 400000 600000 800000 CDSI,National Accounts Indicator, 2013/14. 0 Government Sector GDP by Current Prices 2013 (2)

Private Sector (1) , an increase of 1.09% from (3) 2014 Oil Sector restaurant whichcontinue to develop services this sector, retail, inconstruction, wholesaleand particularly 2014/2015. These indicators of show theincreasing efficiency of 40.3%by current prices and39.5%by fixed prices in the baseofnational economy andto aGDPgrowth the private sector. These ledto diversifying andexpanding reforms in realizing positivehad an impact rates of growth in Constantly adopted procedures andresolutions oneconomic and fisheries. insurance andreal estate; and3.65%for agriculture, forestry and retail, restaurants andhotels; 8.43%for finance services, 9.61%for thewholesale activity; building andconstruction 6.97%foractivities; electricity, gasandwater; 13.21%for 7.62% for telecommunications, andstorage transport wasindustries estimated at 9.27%. This was made up of other mining and quarrying activities) to theGDPwas 40.2%. activities) other miningandquarrying (includingcrudeoil, natural gasand mining andquarrying grew byactivity 9.27%by current prices. The contribution of by current prices (includingoilrefining)Industrial was 10.8%. 2014/2015. to theGDP The contribution activity ofindustrial realized sector apositiveGDP ofthenon-oil growth during Furthermore, contributing to alleconomic the activities positive growth. gross achieved sector for domesticproduct thenon-oil contributing 2014/15 most economicto activities the In Sectors Contribution Economic ofthemostImportant (5) CDSI,Preliminary Data, 2011/12. (4) andcommodities to SR371.8 ofservices fall inthesurplus year, andecrease of43.1%. That decrease isdueto a37.1% SR 288.4 billion compared to SR 507.9 billion in the previous forKingdom thefiscal year 2014/2015 realized of asurplus The current account ofthebalance ofpayments inthe Current Account Balance ofPayments Electricity, Water andGas Building andConstruction andQuarrying Mining Agricultural Activity Social Services Social Estate Services Finance, Insurance andReal Activity Industrial CDSI,National Accounts, 2013/14. Contribution ofEconomic to Activities theGDPfor Activity 2014/2015 (by current prices)

(million Riyals, excluding fees) import (4) The real growth in manufacturing 1,133,344 152,367 292,541 303,860 32,758 53,625 53,508 Value (5) (5)

40.2 10.4 10.8 5.4 1.2 1.9 1.9 % 59 Investment Climate in Arriyadh 2015 60 The High Commission for the Development of Arriyadh 14.3% ofGDPcompared to 17.8%intheprevious year of witnessedasurplus andimports) commodities exports of the balance of payments and (which illustrates services theendoffiscal By year 2014/2015,thecurrent account The SurplusandDeficit previous year. of SR 399 billion, a decreasea surplus of 19.8% from the account of the balance of payments to is expected realize addition to thegrowth imports. ofcommodity The current is dueto in thefallinpetroleum andnon-petroleum exports This represents a decrease of 5.6% from the previous year and trade willrealize ofSR788.7billionin2014/2015. asurplus According estimates to by preliminary SAMA, thebalance of (2) (1) abroad to SR134.9billion,5.7%. billion, despite increase ofnetcurrent ofsurplus transfers 2011/2012 2012/2013 2013/2014 2014/2015 2010/2011 2009/2010 SAMA, Annual Report 51,2014/15. SAMA, Annual Report of Finance, Ministry statement oftheMinistry, 2015/16. ( * ) Year (1)

Surplus oftheCurrent Account to theGDP Current Account 250,320 595,545 617,864 497,400 398,991 78,580 (2) . (million Riyals) high rate. item. Hence, any changeintheprice ofoilanditsproduction commodities andthemostinfluential balance ofpayments oftheKingdom’s export Oil isthemostimportant Imports The Volume andDevelopment and ofExports 69.2% compared to 72.3%inthepastyear foreignof commodity trade was to theGDPofKingdom opening up to the worldKingdom economy, the percentage As anindicatorand imports. to thehighdegree ofthe previous year dueto theincrease ofthevalue oftotal exports decreased from SR2,040.1to SR1,935.5billionover the 2014/2015 shows that trade thecommodity oftheKingdom data onforeignThe preliminary trade for thefiscal year Foreign TradeRelations (*) Preliminary figures. ofFinance, 51,2014/15,statement(4) SAMA, ofthe Ministry 2015/16. Annual Report (3) SAMA, Annual Report 51,2015. SAMA, Annual Report (4) 1,412,596 1,679,109 2,163,094 2,727,400 2,791,259 2,798,432 GDP (4) (3) 14.9 27.5 23.2 17.8 14.3 5.6 % , which is a very , whichisavery The value oftheKingdom’s includingrefined oil exports exports represent oftheKingdom. exports 83.1%ofthetotal exports to SR14,095billionintheprevious year, aderease of8.9%.Oil was2014/2015compared SR1,283.6billionduring Kingdom value of the exports that the total and service commodity balance ofpayments. data ofCDSIshowsThe preliminary thecurrent accountquantities impact willdirectly ofthe increase of3.4%. billion compared to SR6,305billionintheprevious year, an was SR6,518 2014/15thevalue imports ofcommodity In 7.2% compared to SR2,025billionintheprevious year. were SR217billionin2014/15, anincrease exports of Non-oil 11.6% compared to SR12,071billionintheprevious year. wasproducts SR10,666 billion in 2014/15, a decrease of Ibid. (3) (**) Preliminary data re-export (*) Including Ibid. (2) (1) Food Products Appliances Machinery, Equipment andElectrical Crude Oil Exports Oil Other Commodities 29 Other Agricultural, Animal andFood Products Building Materials Petrochemicals Exports Non-Oil Refined Products Textiles andClothing ProductsChemicals andMetal Metals andRelatedMetals Products Wood Products andJewellery Other Commodities Other Transport Equipment SAMA, Annual Report 51,2015 SAMA, Annual Report Total Item Total Item (2)(3) (*) Kingdom Imports (CIF) AccordingKingdom Imports to Components Main 2012/2013(**) 583,473 154,062 103,544 81,249 18,065 79,492 80,376 16,936 49,749 2011/2012 1,191,051 1,367,619 1,068,658 Kingdom’s Commodity Exports 176,568 114,680 122,393 12,605 10,332 38,951 (Million Riyals) (Million (million Riyals) (1)

2013/2014 630,582 165,230 107,552 90,341 18,880 53,009 78,102 24,909 92,559 Years 2012/2013 1,263,555 1,454,507 1,144,638 190,952 124,184 120,796 12,853 10,536 43,379 (2) 2014/2015 651,876 171,011 108,610 91,626 20,229 58,295 79,759 25,131 97,215 2013/2014 1,207,080 1,409,523 1,102,478 202,443 131,509 104,602 12,628 11,753 46,553 (3) Annual Change Rate 2014/2015 (%) 3.4 3.5 1.4 7.1 2.1 0.9 10 1 5 2014/2015 1,066,590 1,283,620 217,030 938,959 143,647 127,631 13,405 13,704 46,274 61 Investment Climate in Arriyadh 2015 62 The High Commission for the Development of Arriyadh Ibid. (4) (3) Ibid. (2) (1) The group ofchemicalfuelsandrelated materials realized the This isdueto increases amongthemajorgroups oftheindex. compared to 158.2intheprevious year, anincrease of0.6%. The wholesalegeneral 2014/15was index during 159.1 value ofthetotal items. items related to weapons) andtheirvalue compared to the internationalof the typical trade categories (excluding some sample containing 160items distributed over ten majorparts includesa prices soldinthewholesalemarkets. It and service This index measures theaverage ofchangesincommodities General Index Wholesale Index level. economic indicator to measure theinflation at theeconomy isakey sector The oftheGDPnon-oil deflation factor RateInflation consequently ongeneral price levels. pressures ontheprices oftheKingdom’s and imports contributed to theincreasepartially oftheinflationary decrease of US dollar exchange rates against other currencies affected thegeneral level oflocalprices. the Furthermore, infrastructure projects. Also world oil prices have indirectly offinancingnumerous onanexpansion policy embarking the general level 2014/15withtheKingdom ofprices during The increase ingovernment expenditures hasgreatly affected and abaseyear of2006/07. methodology usingabasketofcommodities, newservices 2.7% compared to theprevious year, inaccordance with living index for the whole population has increased by Preliminary estimates of2014/15show that thecost of General Index Cost ofLivingIndex 2014/15 compared to 3.5%in2013/14. General Index Other Commodities Other Versatile Categories Manufactured and Machinery Transport Equipment Materials CommoditiesManufactured Categorized by Chemical Fuels andRelated Materials Animal Fats Oils andBotanical FuelsMineral andRelated Materials Materials ExceptRaw Fuels Beverages andCigarettes Livestock andFoodstuff SAMA, Statistical (51),2015. Book CDSI,National Accounts Indicators, 2013/14. (2) According to SAMA statistics, inflation was 2.7% in (4) Item (1) (3) Annual Average ofthe Wholesale Index 2010/11 152.6 288.6 145.5 132.0 142.5 188.6 147.9 184.8 211.5 151.4 174.1 (1988 =100) 2011/2012 156.4 310.9 151.8 136.2 144.1 217.7 149.3 184.8 217.4 151.6 178.6 and cigarettes of3.7%. highest increase of3.9%,followed by thegroup ofbeverages Ibid. (5) following: The results oftheLabourForce for 2013/14show Survey the Total Local andForeign Employment MarketLabour Structure the individual’s share ofGDPto SR90,946. figures show 2014/2015 preliminary adecreaseIn of2.3%in Per Capita Income Other Services andCommodities Services Other Restaurants andHotels Education Recreation Communications Transportation CareMedical Home Furnishing Fuels Residence, Water, andotherdomestic Electricity Clothes andShoes Tobacco Food andBeverages General Index (for thewholepopulation) during2014/15 (5) 2012/2013 157.8 307.6 152.5 139.8 145.2 227.9 149.0 184.8 217.9 153.1 178.9 The Cost ofLivingIndex Item (5) 2013/2014 158.2 275.7 135.8 143.3 143.9 203.8 150.7 186.3 204.1 170.9 185.3 Average 2014/2015 120.1 129.6 115.9 114.0 110.4 112.6 128.2 159.1 105.5 162.3 145.1 130.1 93.7 159.1 257.3 137.0 143.4 143.4 211.8 148.9 186.3 204.0 177.3 186.7 (3) • • • • • Population (million) GDP (by current prices /millionRiyals) Item Per Capita share oftheGDP(USdollar) Per Capita share oftheGDP(Riyal) the total labour force. males, 49.7% and 392,400 females representing 60.3% of unemployed reached 651,300, divided between 258,800 83.6% and805.700females representing 16.4%. Total of thetotal labourforce with4.1millionmalesrepresenting Total employed was Saudis 4.9millionrepresenting 88.3% million females representing 21.5%. force with4.4millionmalesrepresenting 78.5%and1.2 labourforceSaudi was 5.6million;47.5%of total labour 59.4%. representing 40.6%and399,100females representing the total labourforce dividedbetween 272,500males Total unemployed was 671,600representing 5.7%of 13% ofthetotal. the total labourforce and1.5millionfemales representing total labour force with 9.6 million males representing 87% of Total employed was 11.1 million, representing 94.3% of the million. Total labourforce was more intheKingdom than11.7 Per Capita Average Income 2,510,650 2011/12 23,599 88,497 28.37 • • • EmploymentPublic Sectors (**) Preliminary data. (*) Amended Data. (1) • 24,750. scales), whilethehighest range (rank ofsalaries 15)was SR was SR3,945(minimumrange inemployee ofsalaries The minimumrange ofaverage for Saudis monthly salary and 35,643females, 50%. employment,sector dividedbetween 35,643males, 50% was 71,612representingsector 5.7%oftotal government inthegovernmentThe working numberofnon-Saudis between 713,893malesand468,965females. percentage was ofSaudi 94.3%or118,280,distributed employees was 1,254,500. inthepublicsector The andnon-Saudi theendof2015numberSaudi By SAMA, Annual Report 51,2015. SAMA, Annual Report 10.6%. males representing 89.4% and 651,400 females representing representing 53% of the total labour force with 5.5 million The total labour force non-Saudi was 6.2 million (1) 2012/13 2,752,334 (1) 25,140 94,274 29.2 ( * ) 2,791,259 2013/14 24,816 93,060 29.99 2014/15 2,798,432 24,252 90,946 30.77 ( ** ) 63 Investment Climate in Arriyadh 2015 64 The High Commission for the Development of Arriyadh (1) recentMost ofLabor figures providedMinistry by the Private Employment Sector 48.3% for 4.7millionworkers. buildingandconstruction, was asfollows:economic activity 2014/15private employmentIn sector distributed by females 160,000. malesmadeup8.1million,whilenon-Saudi Non-Saudi 1.1 million,andfemales accounted for 0.4million. million Saudis, were non-Saudis maleswere 8.2million.Saudi year thenumberofemployees intheprivate was 1.5 sector employment was endofthesame 15.2%.By ofthissector intheprivate to total sector working number ofSaudis wasnon-Saudis) approximately 9.7millionin2013/14, The that the numberofprivate employees sector and (Saudis Nationality to Total Nationality toGender Total (%) Number Ministry ofLabour, Ministry 2013/4Statistics. 713,894 Males Nationality Gender Females 468,965 Saudis 1,068,315 Males 11.71 72.83 Employment intheGovernment 2015 Sector Private Employment 2013/14 Sector Females 398,538 Saudi 71.18 27.17 1,182,858 Total 1,466,853 (1) Government Sector 15.15 Total show 100 Total 1,254,470 8,051,394 years. paved roads. ofroads willbepaved 40.276km over coming illuminated isthelengthof roads (insidecities),87,168 km isthelengthofexisting paved,37,324 km planted and main regions aswell oftheKingdom asinternational borders. linking until 2013totalledunder construction 28,163km comprehensive andadvanced. The total lengthofroads The Arabia of roadSaudi is both in the Kingdom network Roads Transport and Telecommunications Infrastructure 0.5% for electricity, gas and water sector, 0.5 million workers sector, industries 9.5% for manufacturing 0.9millionworkers. 20% for thewholesaletrade sector, 1.9millionworkers. Ministry ofLabour,(4) Ministry 2013/14Statistics. 2015Statistics. ofCivil Service, (3) Ministry Ibid. (2) Males 88.29 98.03 35,969 Males (3)(4) Non-Saudi Females 161,388 28.82 1.97 (4) 8,212,782 (3) 84.85 Total 100 Non-Saudis Females 35,643 9,119,709 Males 94.22 100 Females 559,926 Total 5.78 100 71,612 Total 9,679,635 Total 100 100 (2) . (1) Ibid. Qafela classwith2,096seats. addition there In are ninedining with 585 seats, 10Al-Taleaa class with 714 seats and 27 Al- passengers withthefollowing class classes:13Al-Rihab Organization is61diesellocomotives for and75carriages The current supply of rolling stock Railways of the Saudi aswellproject; asJeddahto Jazanand Yanbu to Jeddahlines. Railway line);Al Taif, Mushayt, Abha Khamis LandBridge is preparing astudytoand linkMadinah Tabuk (theoldHijaz will linkDammamwithJubail. The RailwayCompany Saudi cities alongtheroute. railway Another 120km LandBridge withJeddahpassinganumberof Arriyadh linking Bridge over Land thecoming period. Anotheristhe950km project andJeddah This willoperate railway between Makkah service process ofexpansion oftherailway intheKingdom. network ProjectRail (HHR)isoneoftheessential elements inthe Line. North-South The oftheHaramain project Highspeed (SAR) withacapitalofSR1billioninorder to runa2,400-km Number 26of2006to Railways establishSaudi Organization freight noteworthy Particularly istheRoyal services. Decree have operations, started leading to improved passenger and passenger stations have beendeveloped. trains High-speed development. Advanced andseveral networks modern haveRailways in the Kingdom experienced remarkable Railways Roads toRoads beConstructed Roads Under Construction Existing Roads Total Length (1) Item Paved /Illuminated /Planted (km) Total Length ofRoadsintheKingdom2013 62,882 15,880 37,324 9,677 are beingestablished in Yanbu andAl Ula,inadditionto the ground equipment andsystems. Today, integrated airports the Kingdom. These are equippedwiththemostadvanced acrossincluding four international and23domesticairports comprises 27airports, intheKingdom network The airport andAir Airports Transport HajjandUmrah Pilgrims.to transport isnow Increasingtrain recognised capacity asthebestway five years. million and11milionUmrah pilgrims over thecoming twenty Umrah, the annual number of Hajj pilgrims will reach three increase. According ofHajjand to statistics oftheMinistry thenumberofHajjandUmrahRail, to pilgrims isexpected Speed After completion ofHaramain oftheproject High 700,000 carrying eight milliontons offreight in2014/15 700,000 carrying to is expected via the Land Bridge exceedtransported million tons ofgoodstransported. The numberofcontainers with the Eastern Province 2013/2014 along with 3.88 during 1,172,000 passengersusedtherailwayArriyadh linking Railways the operatingSaudi In field of the Organization, carriages ofdifferentcarriages types andsizes. equipped asamedicalcarriage. There are also2.497freight carriages, 13for luggageandpower generation andone (3) 49,2013/14. (2) CDSI,Annual Report, Paved Roads(km) Saudi Railways Saudi Organization, www.saudirailways.org. 130,049 24,395 18,486 87,168 (1) Total Roads(km) 192,931 124,492 40,276 28,163 (2)

Total light Poles 1,928,697 1,423,731 344,612 160,354 (3) . 65 Investment Climate in Arriyadh 2015 66 The High Commission for the Development of Arriyadh Ibid. (3) (2) (1) show thenumberofmainpostaloffices was597and210 Post Saudi mail services. statistics in 2012 mobile and surface agencies (private offices) inaddition tomail boxes and main postoffices, branches, express mail centers andpostal Postal are spread services allover through theKingdom Postal Services goodswere andexported handled imported handled and a total of more than 210.2 million tons of non-oil andarrivals, 6.3millionstandarddepartures containers were 2014/15thereIn were more than1.3millionpassenger large amounts ofgoodsarethese ports, delivered annually. (Ras-Al-Zour previously) intheEastern Province. Through Alkher inRas project inadditionto anewseaport Kingdom There are inthe eight commercial seaports andindustrial Seaports carried. airfreight a total of565,631civilaviation flights, with1.059,000 tons of Company). 2013/2014,68millionpassengerstravelled In on ArabianSaudi andNAS(National Airlines Air Services There passengers: are companies airline two serving Saudi in two stagesat acost ofSR27billionfor thefirststage. inJeddahisbeingexpanded Abdulaziz Airport project. King inJazanandAl Abdullah Airport ofKing project Taif Airport Passengers Containers Goods/weight ton Saudi Ports Authority, Saudi 2012/2013Statistics from theAuthority’s website www.ports.gov.sa. ofCivil GeneralAuthority Aviation Statistics, 2013/14. Item (1) Operating intheKingdom,2011/12-2014/15 Movement oftheSeaports 162.5 million 1.4 million 5.7 million 2011/12 (2) . (3) 187.7 million 1.5 million 6.6 million 2012/13 million, a94.5%spread ofthepopulation. while thenumberofbroadband reached subscriptions 29 The numberofmobiletelephone was subscribers 53million, million lines. 2.53million(70%)oftheseare householdlines. stoodtelephone at linesintheKingdom approximately 3.62 land theendof2014/15,totalBy numberofworking Telephone Lines anddeliveries reached 4,752,260items.services 621,161 and91,697boxes for agencies, Wasel distributed which offer highspeedandbroad coverage ofthird and fourth coming yearsnext dueto provision networks offiber-optic 2013/14. The demandfor internet to inthe isexpected rise end of2014/15,a63.7%spread rate compared to 13%in establishment to oftheAuthority about19.6millionby the the past eight years, from one million users at the time of shows thegrowth during ofinternet usersintheKingdom The data issuedby theCommunications andITAuthority Internet Network additionto 353depositboxes,In them located inArriyadh. offices) establishedprivate by the was 59, with 30 of sector express mailoffices. Thenumberofpostalagencies(private (5) (4) Communications andITAuthority, 2014/15. Annual Report, Communications andITAuthority, 2014/15. Annual Report, 194.7 million 1.3 million 6.5 million 2013/14 (4) subscribers boxes subscribers reached (3) (5) 210,1 million 1.3 million 6,3 million 2015/16 Ibid. (2) Ibid. (1) The numberofcamelsin2013/14was 233,000(notincluding thousand tons. of3,977 area capacity withaproduction is195,000 hectares Number ofpalmtrees reached 25.1million.Fodder estimated of1,688thousandtons. capacity withaproduction hectares of 2,731 thousand tons. Fruits estimated area is 226,763 vegetable cultivation was with a production 106,176 hectares with 885,000 tonshectares production. The area under hectares. The estimated area for grain crops was 166,005 of Agriculture 2013/2014, the arable land area was 694,000 According to theStatistical Yearbook issuedby theMinistry productive animal, botanicalandfishingsectors. sector. This strategy achieved alevel ofself-reliance inthe aims to encourage investmentinternl and external in this agricultural sector. The strategy ofagricultural development privateBoth are and public sectors greatly interested in the Agriculture ProducingMajor Sectors compared to 309at theendof2013/14. theendof2013/14totalBy issuedlicences were 325 whileitcalledoffsomeother licences.services competition by issuingnewlicences for anumberofversatile The Communications andITcontinuedAuthority to promote that contain application basedoninternet connection. generation networks. Adding devices to that spread ofsmart (2) (1) The Kingdom’s offish production reached 900,53 tons. horses, 602.2millionbirds (traditional and special)inpoultry. 456,400 cows (traditional andotherbreeds) and 27,100 sheep (traditional andother breeds), 10.3 million goats, free ranging camels). There were anestimated sixmillion 67 Investment Climate in Arriyadh 2015 68 The High Commission for the Development of Arriyadh (4) (3) (2) (1) 931,1 employees andworkers finance ofSR992billion. These plants employ more than 2015, thenumberofoperating plants was 6,789withatotal of upto thefirstquarter ofCommerce andIndustry Ministry beginning of2020.According to statistics issuedfrom the to the GDP to reachcontribution of industry 20% by the until 2020. the Kingdom This strategy aimsto raise the which draws upthefeatures in ofthefuture ofindustry are represented through the national strategy for industries The achievements intheKingdom sector oftheindustrial Industry representing 43%ofthetotal. workers intheagriculture was 449,211;with195,211Saudis was 1.078 billionlitres, andhoney107,000kg. The total The Kingdom’s ofraw production milkthrough 26projects Kingdom was 1,369,668 Kingdom The accumulated number of commercial companies in the Trade contribution to theGDPandprovide ofjobs various kinds The state seeksto develop to thetourism increase sector its Tourism 2,939 registered of 2014 reached trade in the second marks quarter of2014was 5,778,whilethenumberof of thesecond quarter commercial agencies registered by the end in the Kingdom Statistics of the Ministry ofCommerce andIndustry. Statistics oftheMinistry CDSI,Annual Statistical (49),2014. Book www.mci.gov.sa.Ministry: ofCommerce andIndustry,database, industrial Ministry statistics variousindustrial from thewebsite ofthe ofAgriculture, (27)Annual Ministry Statistical Yearbook, 2014. (4) . (3) by theendof2013. The numberof (2) (1) . the Kingdom was 1,089 fromthe Kingdom the various classes (85 five-star National showed Heritage that numberofoperating hotels in Data issuedby Commission theSaudi of Tourism and was 37.2millionandthat theyspent SR72.1billion. showsHeritage that numberoftours by the end of2013/14 Data by Commission theSaudi for Tourism andNational regionally. implementation oftourism development plansnationally or and tourism investments, andmeasure theeffectiveness of resultingthe economic from impact development, activities for citizens. Data andstatistics are keyelements to measure (5) Saudi Commission Saudi for Tourism andNational Heritage, MAS Center, Tourism Statistics, 2011/12. (5)

(2) Ibid. (1) private sector. and7.5% to the sector reached 2.6%, 5.2% to thenon-oil Contribution toapartments. ofthetourism GDP sector There were unitsproviding 1,971furnished atotal of89,681 these hotels was 184,832(according to newcategorization). hotels and 521 low class hotels). The total number of rooms in hotels, 47four-star hotels, hotels, 220two-star 225three-star 2013/2014 was 1,054.7millionm The Kingdom’s ofdesalinated production water during Water andElectricity electrical capacity of6,166thousandm capacity electrical Length of Transmission (thousandcircular Networks km) Available Generation (thousandMW) Capacity Annually Produced Power (thousandGW/Hour) Residential Complexes Provided with Power (by thousand) Individual’s Annual Share ofPower (thousandKW/Hour) (million) Number ofSubscribers Networks peakloads(1,000M/W) Networks Length (thousandcircular Demands ofSubscribers km) Length (thousandcircular Network ofDistribution km) Ministry of Water Ministry 2013/14. andElectricity, Annual Report, (1)

3 with a daily production withadailyproduction Item Electricity Services andInfrastructure 2013/14 Services Electricity 3(2) . increase of7.5%. increased to more services than7.2million,an electrical rose to 69,760MW/hours. The to numberofsubscribers peak loadrose to 53,700MW/hours. Also generating capacity 2013/14to during 262,685GW/hours.Kingdom Electricity inthe show anincrease inconsumption ofelectricity Ibid. (4) Ibid. (3) of The latest statistics of Waterthe Ministry and Electricity compared to SR25.2billionin 2013/2014. This increase is 20,8%. Total premiums subscribed reached SR 30.4 billion grew 2014/15theinsurance intheKingdom In market by Sector Insurance Services (4) Value 54.3 58.4 2.84 12.6 227 238 8.5 7.2 54

(3) Average Annual Growth Rate (%) 4.17 6.1 9.1 4.5 1.3 3.2 7.4 5 5 (3)

69 Investment Climate in Arriyadh 2015 70 The High Commission for the Development of Arriyadh (2) (1) insurance. insurance onvehiclescompulsory andcooperative health appropriate economic conditions that during year, and attributed to awareness for insurance, oftheimportance compared to SR12.9%in2013/14. grew It by 21.9%,SR15.7billionin2014/15 kingdom. insurance represented 51.5%ofinsurance inthe market grew It bymarket. 20.5%,SR13.8billionin2014/15.Health Public insurance madeupabout45.5%oftheinsurance SAMA, Annual Report (51),2014/15. SAMA, Annual Report Noavailable 2013. inArriyadh. statistics oninsurance services (1)

(2) property, marine, air, energy andengineering insurance. insurance such as; accident insurance, vehicle insurance, reached 35. These companies provide differenttypes of Insurance companies licensed by SAMA upto 2014/15 In the Sixth Five-Year the Sixth In Plan, the Government focused on the by theprivate sector. responsible that for could beimplemented economic activity so that thegovernmenttasks intheKingdom would not be outmore economicthe doorto theprivate to carry sector also ensured ofopening continuous adoptionofthepolicy some ofthepublicsector’s to theprivate properties sector. It of finance markets to the processof adequacy of transferring into account thestatus economy oftheSaudi andtheextent forpublic sectors development projects. The planhastaken and incentives between theprivate includingco-finance and to increase investments viaseveral regulative procedures privatization by encouragingsupported theprivate sector The Government, through theFive-Year Development Plans various goalsofdevelopment. contributedoor for to theprivate to realize further sector the The oftheFourth objective Five-Year Plan was to openthe andfundingoftheprivateto government sector. support and various commercial in addition activities importation the private to sector increase investment in the field of sole source ofincome. The Third Five-Year Plan encouraged onpetroleum andreducedproduction asa dependency strong private that greatly sector contributes to thenational sector. and encouragement adopted constant of a It support was interested and encouraging the private insupporting to thedevelopment process. The SecondFive-Year Plan private to andcontribution increase sector its productivity Plan. The general goaloftheFirst Plan was to encourage the from theFirst Five-Year Plan through to the Tenth Five-Year Government encouragement oftheprivate isclear sector funding isinaccordance withnational development plans. to economic development and itsrole in investment and sector. The expansion ofthecontribution oftheprivate sector toincluding transferring this economic activities selected economy. doesthisby following It thebestavailable means the private andexpand itscontribution sector to thenational 60 dated 6/8/1997, and aims to steadily increase the share of ArabiaSaudi according Number Resolution to theMinisterial Privatization hasbeenprepared of policy intheKingdom Economic Strategy andPrivatization Investment intheKingdom Policies andMeasures Supporting Theme Two the coming years. door for more governmental privatization procedures during optimal useofresources. The investment climate opensthe contribution for of the private to the economic sector activity revenues away from petroleum andto increase sector the Government’s desire to diversify independent sources of Development Plan. The maingoalofprivatization isthe Privatization isoneoftheessential axes for theSeventh a keyrole ineconomic development. prepare theprivate to replace sector to play thepublicsector many measures practical to financially andadministratively achieve development goals. The Government undertook from arises governmentsector confidence to inthissector Seventh Development Plan. oftheprivate The importance The private represents sector oneofthemajoraxes ofthe orientation towards privatization asastrategic choice. all fieldsandassigned akey role to theprivate andan sector encouraged afreeIt economy, expandedbasein production Trade Islamicvalues. alsoensured Organization. preserving It of economic globalization andtheaccession to the World economic developments and comply with the requirements on long-term strategic basesandgoalsthat align withworld on ambitiousandoptimisticfuture depended perspectives. It The Seventh Five-Year Development Plan was prepared based • • • focusingprivatization on: policy Five-Year of the Sixth that the priority Plan is interest in the Number 142 of 17/10/1992 shows Resolution The Ministerial providedthe economic level by ofservices thegovernment. productive and administrative and improvement efficiency of of market mechanisms.of market investment andincrease intheeffectiveness ofthesystem Constant provision oftheproper environment for comprehensive studiesofeachcase. governmentselected assetsinjoint stock companies after Privatization through thegradual saleof ofproperty private sector. granting more leasingandmanagement contracts to the problems aswell astheprivatization through ofproduction funds to finance that publicprojects experience funding Privatization offundingthrough provision ofprivate and balanced development. to realizing desired, sustainable, comprehensive grow GDP. Consequently, contributes itactively increase formation rates of business entities and to create sectors of non-oil new jobopportunities, diversification oftheeconomy’s base production of investment climate to play akey role in through resource investment andimprovement andquality.productivity This hasbeenachieved for thepurposeofimproving performance, institutionsandcompanies some publicsector private akey sector role through privatizing The State showed itswillingness to give the development.” contribution to theprocess ofsocio-economic wasobjectives “to promote theprivate sector’s Development Sixth Planofits (1995-1999).One was at It thetop ofthegeneral goalsofthe choice development. to achieve socio-economic Privatization was theKingdom’s policy strategic 71 Investment Climate in Arriyadh 2015 72 The High Commission for the Development of Arriyadh growth, andcompetitiveness. stability to increase ofthenational economy, capacity enhance its withinspecifictimeschedule,of privatization inorder policy goalsandpoliciesoncompletion has focused initsprimary The Tenth Five-Year Development Plan (2015/16–2019/20) Ministry ofEconomy andPlanning: (2) Ministry Tenth Development Plan. (1) • • • • • • restructured andprivatized: was issued to identify a list of facilities that shall be Number. Resolution The Ministerial 219, dated 11/11/2002 The Privatized Sectors partnership between theprivate andpublicsectors” partnership investments (national andforeign) aswell asareas of development. alsocallsonexpanding areas ofprivate It the private intheeconomic, sector socialandenvironmental 2014/2015) specifies the ninth goal“to emphasize the role of The Five-Year Ninth Development Plan (2010/2011- transparency. ofpublicassetswithinaframe ofcompetitivenesssector and into consideration increasing theownership by theprivate whiletaking privatization ofmore publicfacilitiesandservices This is through preparation of an adequate climate and the private to thesocialandeconomic sector development. Development Plan includedincreasing thecontribution of The goalsandstrategic foundations oftheEighth Five-Year andemploymentquality ofcitizens. results inreducing thecost, andimproving theperformance achievements that willprovidesocio-economic beneficial stipulates openingthedoorfor theprivate for sector more development process. The third strategic foundation the contribution oftheprivate to thesocio-economic sector 58 of12/7/1999,intheeighth goalstipulate theincrease of Development Plan according Resolution to theMinisterial The general goals andstrategic foundations oftheSeventh Ministry ofEconomy Development andPlanning: Ninth Plan. Ministry residences waste to network. thewater andsanitary waste all andconncting ofwater and sanitary and services waterwith theprivate intheprovision sector ofdrinking Privatization waste sector. of water andsanitary Partnership medicinesandvaccinations.of veterinary laboratories and operation ofanimalsandmanufacturing purposes. Establishment of hospitals and veterinary Operation waste and maintenance for agriculture ofsanitary to establishlaboratoriessector for diagnostics. veterinary Privatization ofagriculture License theprivate services. silos from millsto into becollected apubliccompany. options to beacommercial company orseparation ofall Grains Silos and Flour Organization. Mills Conversion privatized by private investors. sector aimedto beprivatizedin sectors into companies to be intosectors commercial units. Transfer ofthestrategic units ArabianSaudi Airlines. Conversion ofnon-fundamental services. distribution generating,in implementing electrical transmission and Company. Electricity Saudi Private contribution sector subscription. investors. Stocks of the holding company offered for public Related minor companies disclosedfor private sector joint stock holding company owned by thegovernment. The Saline Water Conversion Company. Conversion to a (2) (1) . • • • • • • • • • • • • • Ibid. (4) (3) the way for theestablishment ofaknowledge-based Development Plan by theprivate andpublicsectors, paved The that projects have beenexecuted inthe Eighth EconomyKnowledge-Based theKingdom’sProjects Supporting Transfer to a that needs. meetthelabourmarket special needs in addition to rehabilitation centers and crafts Private investment sector inprivate centers for individualof to andcomputer children.writing skills for teaching of reading, adult teaching and pre-school and Quran keepingassociations. Openingspecialinstitutes Private investment sector programs incharity andprojects the private sector. Investment schools abroad inSaudi andoperating themby suppliesofeducational technology.manufacturing private infemale sector vocational education andtraining, Increasetheshare ofthe management ofkindergartens. Investment intheeducational process. Establishment and buildings. education. Establishment andmaintenance ofeducational investmenttransport, inschoolcanteens andprivate benefitting from all waste paperandschoolbooks, school Privatization Leasing ofeducational services. land, andtraffic.of transport andlight Leasingheavy equipment. operation ofabattoirs, andservices publicutilitiesmarkets Privatization Establishment and ofmunicipalservices. Hotel. International Airport Khaled of thethree free andKing international markets airports, of development of pilgrim facilities, commercial operation with theprivate orindependently suchasproject sector ofCivilGeneral Authority Aviation (GACA) in association andprivatization ofthe ofmanyRestructuring services many sector branch companies inthepostservices PostSaudi into Authority aholdingcompany that owns of promotional post to theprivate sector. Converting the (NAQEL). Assigning mailservices theservices and surface between the private and the company sector of mobile investment of ofprojects Wasel andthepartnership Service, Privatization Post of Saudi Private services. Authority sector and government.( to commercial entities to bedividedbetween individuals Privatization centers andgymsby converting ofsports them private employment offices. chambers of commerce and industry. Licence to open withtheprivate through sector bysector partnership Privatization intheprivate employment ofSaudi services be offered for publicsubscription. Privatization Company. Arabian ofSaudi Mining Shares to more than25specialized insurance companies insurance system. Preparation of hospitals and licensing Privatization Cooperative of health services. health the disabled. for private dailycare centers for andprovision ofservices such asthe issue oflicencesprivatization ofsocial services Privatization Strategic ofsocialservices. of project and grain inports. andreceipt services Ports Authority.Saudi Privatization of terminals for freight SAMA, Annual Report 46,2010. SAMA, Annual Report (3) . (4) . • asfollows: and criteria activities Education includedarangeResearch of (aeres). andHigher It Plan in cooperation with the French Evaluation for Agency creates anewgeneral framework oftheSecondFive-Year Plan of Science, Technology andInnovation. The project to onaproject assesstheFirst embarked Arriyadh Five-Year coincides withpreparation ofthe Tenth Five-Year Plan, Five-Year Plan ofScience, Technology andInnovation, which orderIn to achieve reuirements of preparation of the Second Technology (2015/16–2019/20) Execution oftheSecond Five-Year Plan of Scienceand and invited dignatories. inaugurating the University attended by many world leaders thedeclaration23/9/2009 after Abdullah by King KAUST commenced research andacademicwork on and information technology andwater desalination. including nano technology, biotechnology, communications students. KAUST isprovided withadvanced technologies Colleges. canaccommodate It about10,000maleandfemale Medicine, Computer, Communications andEngineering 12 millionm coast Sea aton the Red a cost of SR 10 billion on an area of and wholeworld. The University was establishedin Thule scientific and learning communication with the Arab, Islamic who are globally distinguished which make ita beacon of KAUST isprovided withthebestscientists andexperts best scientific centers for creativity andinnovation. is oneofthefuture intheregion pilotprojects andoneofthe 23/6/2006 by the Custodian of the Two Holy Mosques. KAUST and Technology commenced thedeclaration after in (KAUST) Work Abdullah University ofScience ofKing ontheproject AbdullahKing University ofScience and Technology more balanced development. geographical areas to cover all regions for of the Kingdom dimension along with expansionand intellectual of the diversification ofthe economy anddeepenthe technological centersnew industrial that contribute in sectors to the These are projects interested in the establishment of ofbudgetrevenues.surplus mentioned intheinvestment planandthosefinanced by the approvedmajor projects by thegovernment, those economy Development intheNinth Plan. These included Evaluation oftheNational Plan ofScience, Technology and and theprivate sector”. cooperation withothergreat research universities basis ofmeritandexcellence, collaboration and and technologists; andthat itfosters, onthe trains future generations ofscientists, engineers great institutionsofresearch; that iteducates and that thisnew University becomes oneoftheworld’s benefit allthepeopleof It is world. my desire and the people of the Kingdom and shall serve be a beacon for peace, hope, and reconciliation “As a new ’House of Wisdom’, the University shall 2 . The University comprises Sciences, Pharmacy, King Abdullah binAbdulaziz Al Saud • • the Red Sea close to Rabigh Industrial City. Industrial covers close to Sea Rabigh the Red It about Abdullah Economic islocatedKing City onthecoast of AbdullahKing Economic City all fieldsoflifeKingdom. inthe pillars ofsustainabledevelopment andstimulate growth in previously mentioned the elements in order to support training andfinancialassembliesare integrated alongwith commercial zones. thesecities, In theindustrial, educational, they represent aleadershipmodelinthebuildingofmodern Four oftheseeconomic citieshave beeninaugurated and for businesswomen. the commercial zones, inadditionto technology incubators incubators for theestablishment ofnew companies within standards, various venture capitalprograms, specialnew programs to spread andapplyinternational andquality programs(financial andmarketing) to facilitate exports, technology-transfer programs, cooperative business with large companies, training andrehabilitation programs, programs for research, development, innovation andlinkage transfer centers. The isthecreation purpose ofcooperative and businessaswell ascenters of excellence andtechnology institutions, conferences halls, incubators oftechnologies and technologicaland innovation, service financial support facilities for scientific research and technological advance are appliedhigher education institutions, resources and additiontheremedium andhightech sectors. industrial In commercial zones clusters comprise ofindustrial in The components intellectual in the globally modern Economic Cities Technology andInnovation. Develop a road mapoftheSecond-Five-Year Plan ofScience, onthenational plan. impact plan ofresearch anddevelopment management, and its Evaluation ofregulations andlegislations ofthenational Kingdom. to the future ofscience, technology and innovation in the process. Concentration onstrategic technologies essential onresearchInnovation anditsimpact anddevelopment 73 Investment Climate in Arriyadh 2015 74 The High Commission for the Development of Arriyadh thousand residential units are underdevelopment and70 willreach seven millioncontainers,Abdullah port six with SRfive billion provided by 2020.King of The capacity tois expected reach SR 13 billion for three the next years The value ofinvestments that willbeprovided to thecity • m • 55 millionm • thiscontext, thefollowingIn shallbetakeninto account: new jobopportunities. Investment (SAGIA), Authority willprovide thecity 500,000 According to theestimates Arabian oftheSaudi General and shore educational resorts, area andfinancialpeninsula. assembly area,industrial residential facilities area, port, execution stages. accommodatesThe city sixareas: the are multi-purpose. in2005andrequireThey started many remarkable levels.remarkable creative capacities that economy willhelp lead the Saudi to The “Education Area” willbeacenter for talent Saudi and hotels andexhibition andconference centers. This Peninsula alsoincludeslarge numbersofbusiness whose target istheglobalandregional financialinstitutions. The “Financial Peninsula” willassign 500,000m small, mediumandlarge. and assigned to companies, meet allneedsoftheindustrial The Area”“Industrial willbeestablishedon eight millionm 2 . Construction works in King Abdullah Economic works. Construction inKing City 2 . This area hasbeenincreased to 168million 2 for offices 2

over 156millionm Abdullah binAbdulazizMosques, inHailextends King cornerstone was laid by theCustodian ofthe Two Holy AbdulazizEconomic binMussaed King City, whose AbdulazizKing binMussaedEconomic inHail City invest city. intheindustrial international andlocalcompanies have signed contracts to to ninemillion m city extends over extends city 4.8millionm to capitalandinvestment attract Kingdom to theregion. The inthe industries knowledge-based kind basedon first ofits Economic ’Knowledge called theproject City’ the inMadinah, Two HolyMosques, thelateAbdullah binAbdulaziz King industries. based onknowledge-based The Custodian ofthe cultural andnationalfor landmark economic development to industries bea comprises knowledge-based It Madinah. The aimsto project intheeastof establishaneconomic city Knowledge EconomicMadinah City and residences. materials, industrial, miningandrecreational centers service centers, logistical, commercial, educational, agricultural food financedevelopmental services, elements such as transport the execution oftheseinvestments. willinclude The city over ten years. The private willberesponsible sector for billion andto provide about20,000newjobopportunities. 2 . SAGIA investment expects to reach SR25 2 withtotal investments ofSR30billion 2 . The area constructed extends • • • • • example ofsometheseprojects: economy andinformation community. The following isan accelerated supporting progress oftheknowledge-based an environment that and motivates economic activity of governmentof raising bodies, theefficiency creating for inallgovernment thepurpose departments e-dealings onexpanding theapplication of isworking The Kingdom Application ofGovernment Dealings(Yesser) Electronic investment climate addsto viableinvestment opportunities. development andtheconstant improvement ofthe of thegovernment to afixed program ofeconomic resources and strategic addition the commitment location. In that real attract factors investment andavailability ofnatural economic potential, thehighgrowth rate ofthepopulation, economically feasible investment dueto opportunities the plan of the economic cities. accommodatesThe Kingdom economic citiesin Tabuk andtheEastern Province of aspart Studies have for beenconducted theestablishment oftwo Economic Cities in Tabuk andtheEastern Province creating jobopportunities. andindirect about500,000direct investments uponcompletion oftheinfrastructure ofthecity, SR 100billioninindustrial, commercial andresidential SAGIA JazanEconomic to more expects City attract than limestone, dolomite, marble, basalt, gypsumandsilicasand. minerals existing in this regionThe most important are salt, that showed that Jazanarea resources. isfullofindustrial region. The resulted establishment ofthiscity from studies company willbeassigned to limited income residents ofthis SR 15billion.Free stock ofSR375millionfrom theownership economic to city.City bethefourth is The capitalofthiscity Abdulaziz announced theestablishment ofJazanEconomic The Custodian of the Two Abdullah Holy bin Mosques, King Jazan Economic City and specifications ofthemodularsystems ingovernment Systems.Modular The isunifyingtherequirements purpose generated CDs. program the e-Government “Yesser” orthrough easily ontheinternetelectronically through thewebsite of the government bodies and related information centers inorder to communicate directory an electronic with Government Agencies Directory. The isto purpose prepare government project. safely sent and automatically read. This is a government-to- to be These forms ore-filed canbeprinted orbar-coded amonggovernmentapplication bodies. ofthee-forms forms.Electronic The isthe ofthisproject purpose government andincrease sector thelevel oftransparency. dealings ofcitizens, residents andprivate withthe sector e-website that aimsof a unified toconstruction facilitate the National Portal depends onthe The e-Government Saudi status andelectronic quo.characteristics andgovernmentthe businesssector andtheirmajor sector provided government to services important individuals, Assessing aimsto government identify themost services (1) of crudeoil, ofpetrochemicals, basicindustries minerals, related industries. This recognizes that theproduction to become theglobal capitalofenergyseeking andenergy- To takeadvantage ofitsnatural resources, Arabia Saudi is networks totheoutsideefficient world. transportation of oilandgas, andthus low energy prices, aswell ashighly economic advantages to investors suchasplentiful supplies The unique geographic features provide oftheKingdom clear competitive countries strategic whichattract investments. to is striving The become Kingdom one of the world’s top ten Enhancement oftheInvestment Environment • • • • • is reflected through the following basicprinciples economic Arabia ofSaudi freedomThe that supports policy Investment Climate Economic Freedom andtheEnhancement of information community” economy andenhancement ofthecomponents ofthe the objective orientation toward“the knowledge-based of the operationalprojects to realizeplans ofthese sectors This willberealized through development ofprograms and adopted. ofthesesectors that measure theperformance efficiently executed. will be identifiedPriorities and indicators national policies and goals adopted by shall be all sectors andinformation-basedbased onaknowledge community, the context of full transformationIn of the existing economy • • • • • • • • • • • Ministry ofEconomy andPlanning, Ministry Development Ninth Plan 2010/11–2014/15. reforms. Monetary Encouragement ofexports. Privatization andenhancement oftheprivate sector’s role. Encouragement offoreign investment andcapitalinflow. and private levels. sector changesandeconomic adaptationstructural at government economicDomestic reform whichspansrestructuring, report). are projects of this mentioned in various sections (These Abdullah FinancialKing inArriyadh District Abdullah Initiative forKing Arabic-Digital Content Abdullah ProgramKing for Education Development Abdullah ProgramKing for Scholarships University) Saud Corridor Knowledge (King Riyadh Science Park (KSSP) Riyadh Techno University Saud andKing Valley (RTV) national strategy for industry. The areas ofthe new industrial projects according to the Commission for theDevelopment ofArriyadh). Riyadh Technology (the High and Information City Authority). Technology Property zone Industrial inDammam(Saudi based economy include: the foundations oftheKingdom’s transfer into aknowledge- whichare projects consideredOther essential insupporting of stores andinventory systems aswell asarchive systems. administrative communication systems and management bodies such as the financial systems, personnel systems, (1) . 75 Investment Climate in Arriyadh 2015 76 The High Commission for the Development of Arriyadh (1) • • • encourage andpromote investment sector: intheindustrial The Government Arabia ofSaudi offers many incentives to Incentives Investment for Sector Industrial index and40%inthefreedom of investment index. 99.7% inthefiscalfreedom index, 72.7%inthelaborfreedom has achieved 76.45%intheoverall businessfreedom index, According to Foundation theHeritage Arabia Saudi Index, been relatively modest. has sector of therecent onthebanking globalfinancialcrisis economic growth hasslowed inrecent years, buttheimpact is competitive, and the overall tax burden is low. Overall has become more streamlined and efficient. Thetax regime the overall environment regulatory for businessformation trade, fiscal, andbusinessfreedoms. indicated thatThe report 2014/15 that Arabian theSaudi well economy in performs The Foundation Heritage at thebeginning reported of • • • freedom andimprove theinvestment climate Following are theprocedures economic that support • • surplus: procedures would leadto anefficient useofthefinancial resulted from record highoilprices. The following setof ArabiaSaudi enjoys large whichhave financialsurpluses Surpluses Finance Investment Mega Projects through Financial climate. efficiencies willbeachieved through an attractive investment andacommitment to greateropportunities economic clusters, industrial dynamictraining routes, state-of-the-art The newcommunications infrastructure, newtransportation stimulant to sustainabledevelopment. education andITwillconstitute aninevitableandvital suchashealthcare, industries Focus onknowledge-based reach. of 250 million consumershuge markets all within three hours Arabian based railways will provide and airways access to hubbetween theeastandwest. Saudi transportation ArabiaSaudi hassetupplansto become alogistics and economies. andwater are allvitaltoelectricity andglobal theSaudi See: www.modon.gov.sa See: website. applicationsubmitting theelectronic ontheAuthority’s from period thedate of of landiswithinashort Delivery commercial, andtechnical areas. service inindustrial, residential,Investment opportunities areas. persquare at oneRiyal meter intheindustrial Rental starts stable countries in terms of currency) stable countries interms ofcurrency) Arabia (Saudi isoneoftheworld’sCurrency stability most Generous financialincentives Advance environment regulatory Engaging theprivate ininvestment sector management. surpluses. A binding national plan for anefficient use offinancial (1) • • • • • program ofdevelopment clusters: ofindustrial Five categories industrial have within the been selected resources. and studiesofthemarkets, raw materials, energy andhuman through categoriesindustrial intheKingdom careful analysis hasdevelopedThat for maincriteria policy identifying meet aspirations ofthestate andinvestors. required for the establishment of competitive to projects competitive advantages such as energy and raw materials categories haveIndustrial in areas been selected of enhance the Kingdom’s resources. economy, through development oftheseclusters which fornew industries ofdiversification thepurpose Saudi ofthe Clusters to developof Industrial andpromote anumberof adopted theprogram intheKingdom The policy industrial ClustersIndustrial • • • • • • • • • • • Construction Vehicles Packaging plasticindustry Hardware equipment andelectronic manufacturing Metal by BOTservices system. indevelopmentInvestment andoperating opportunities for(ready) factories rental. ofinvestmentThe possibility by establishment ofmodel tariffs. andindustrial electrical Supported Affordable land. andindustrial services as roads andelectricity. The state’s commitment to such provision ofmainservices Tax-free andequipment. machinery Tax-free raw materials. project. Financial facilitiesandloansupto 50%oftotal cost ofany complexes). security, government shoppingmalls, services, apartment (water,development ofotherservices cities, industrial smart Integrated infrastructure alongwithcontinuous Proximity to domesticandinternational markets. meters). (total existing andfuture area industrial isbillionsquare Availability ofmultipleareas inallregions oftheKingdom prices start at per square oneRiyal meter.prices start atEnergy 12.5halala perlitre, costs start andland cubic meter. atallotted SR 1.7 per for industrial purposes starts at 12halala/kilowatt,cost whilecost starts ofwater encouraging to industrialinvestment. Electricity water, energy) intheindustrialcitiesare highly (electricity,Land prices and infrastructure services International Federation ofOrganic Agricultural Movement. with circumstances andconditions ofthe oftheKingdom and by-laws that organize organic agriculture inaccordance after the second Arab country Tunisia insettingregulations organic agriculture is also significantSaudi and Arabia is education andagricultural Development extension. of work andrequirementssupporting marketing, ofproduction, alsoenhances theroleIt ofcooperative associations in andbeekeepingprojects.fish farming) andvariousagricultural,farmers (including livestock, fisheries to more thanSR21billionto provide appropriate loansto Agricultural Investment Fund anditscapitalwas increased the nameofAgricultural Bankwas converted into the special care to the agricultural locally. sector On this basis Agricultural investment is also embodied in paying policy stable prices offood materials at asustainablebasis. This willconsequently prevent any future food andkeep crisis intheKingdom. security wheat, barley, soy beansandlivestock inorder to ensure food strategic stock ofessential commodities includingrice, accordance withastrategy whichendeavours to supply living for citizens andrealizes food security. This isdonein food involves crisis. It appropriate procedures, ensures good Investment Abroad through a vision that addresses the in theinitiative Abdullah for ofKing Agricultural Saudi The recent oftheagricultural investment policy isreflected Agricultural Investment Policy the entire Arab World billion, whichrepresents 25.8%ofthetotal investments in among Arab countries, investment attracting $47 worth for theyear inquestion,where was ranked first theKingdom is quitemarket evident as affirmed by the UNCTAD’s report legislation.modern Flow of foreign investment to the Saudi to flow toWTO memberswhoprovide free and markets to studies by UNCTAD, most international investments tend favourable conditions to investment attract flows. According The execution oftheinvestment agreement willcreate access to globalmarkets. will haveAdditionally better andservices products Saudi eventually creates for nationals. moreSaudi job opportunities to more attracting domesticandforeign investment and economyof theSaudi intheglobaleconomy, contributes The Kingdom’s accession to the enhancesWTO theintegration EconomySaudi oftheKingdom’sThe Impact Accession to WTO onthe (WTO) The Kingdomandthe World Trade Organization (1) firms. insurance companies, andestablishment offinancialservices The increase inthenumberoflocalbanks, cooperative seenin: clearly Positive outcomes oftheKingdom’s accession to areWTO Report ontheInvestment Climate intheArab Report World, 2013/14. (1) . 77 Investment Climate in Arriyadh 2015 78 The High Commission for the Development of Arriyadh export value and16 export (2) www.aleqt.com. (1) show thefollowing Statistics Stock of the Saudi Exchange (TADAWUL), 2015 have requirement. beenamendedasamandatory requirement. Paragraphs 14 12 andEofArticle C of Article the RulesofCorporate Government to makeitamandatory Financing IXof amendedparagraph Rules. It EofArticle CMA andCounter-Terrorist issuedAnti-Money Laundering 25and30oftheListingRules. and amendedarticles implementation ofregulations by theadditionofnewterms, CMAthe capitalmarket. amendedtheterms usedinthe update therules, regulations andbylaws whichregulate The (CMA) Authority Capital Market continues and to enact Development oftheStock Market Arabia’sSaudi Capital Market for exports localSaudi opening to world and the imposition of lower markets tariffs becameamemberofthe Kingdom until nowWTO dueto increased by 20%annuallysince exports the non-oil Saudi largest world economies. jointheGroup of deservedly Twenty whichincludesthe the Kingdom’s obligations from arising itsaccession to WTO. Concerned government bodiesstillwork onimplementing terms of attraction offoreignterms ofattraction investment, ranked 12 isrankedThe eighth amongworld Kingdom countries in economies inthebusinessenvironment. • The Kingdom isrankedThe 11 Kingdom fees for national products. toThe negotiate ability withmemberstates inorder to calloff Commission ofCommercial Disputes intheOrganization. measuressubsidies andcountervailing through the positive outcomesOther related to issuesofanti-dumping, The issueandmodification of economicvarious regulations. The Kingdom isrankedThe 18 Kingdom 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 CMA- Tadawul website: www.tadawul.com. From of Dr. theinterview Fawzi Alalami, previous president team oftheSaudi for negotiation in WTO, The openedupwith9,892points. market Year (2) th

inimports. (1) . No. ofShares th 57,416 33,526 48,723 83,282 52,502 70,803 after being67 after th interms ofGDPvalue to Indicators oftheStock Market 2009/10–2014/15 Value of Traded Shares th (million Riyals) amongworld 1,264,012 1,098,837 1,929,318 1,369,665 2,146,511 759,184 th inworld 2009/10 –2014/15: The following tableshows stock indicators market during • • • • • • • • • • • • Capital Market Authority: 2012/14Statistics. Authority: (4) Capital Market Ibid. (3) Financial Investments andStock Market Disputes Securities withCommittees Dealing Manual for of Resolutions Guide for Investment Terminology How to File aComplaint Guide for Young Investors investor awareness guidebooks: mentioning that CMA isworth hasissuedanumberof It 1,813 billionfor 35,761transactions. 2,146,511 million. The value market oftheshares was SR The total value of70,803 million traded shares stood at SR Number oftraded corporations was 162. Change level was 359points at -3.6%. The closedat market 9,532points. The market’s lowest point was 7,255. The market’s highestpoint was 11,159. and launched an online investors’ education center. program theCMA hasissuedanumberofbooklets oftheinvestor As part awarenessand e-mail. and citizens andprovides answers by phone, fax receives inquiriesand complaints from the media interpret theinformation andthedecisions. also It The CMA publishesinformation to explain and convenient access to information. council onitswebsite to ensure that investors have information anddecisionsissuedby theCMA The Capital Market Authority (CMA) publishes Market Shares ValueMarket (billion Riyals) 1,196 1,325 1,271 1,400 1,752 1,813 (4) (4) Transactions Number of Number 36,458,326 19,536,143 25,546,933 42,105,048 28,967,697 35,761,091 (3)

Indicator General 6,122 6,621 6,418 6,801 8,536 8,333 (2) (1) TADAWULWebsite. decreasing isincreasing. while thedemand for apartments to thestudy, thenumberoftraditional housing unitsis atthe sameperiod about1.1million housingunits. According The studyestimated thenumber ofdwellings to berebuilt in average annualincrease ofabout145,000units. of 20 years a period 2.9 million during from 2005 to 2025, an tofor isexpected grow newhousingunits intheKingdom to FaisalPlanning at King University revealed that thedemand andRegional ofUrban bystudy conducted theDepartment The demand for housingisgrowing significantly. A recent The Demandfor Housing are specialized inreal estate investment anddevelopment. their services. They are managed by theprivate and sector enjoy theconfidence ofdifferent groups benefiting from are joint Saudi stock companies, whichare welland known estate bureaus andreal estate companies. ofthelatter Some The real real estate comprises two main sub-sectors: sector building materials andcontracting sectors. approximately of the economy, 100 sub-sectors particularly The real estate has forward and backward links with sector contributes 7.2%to theGDP. Global Investment Houseestimates that thereal estate sector rate of 5.4% until the end of 2013/14. The study byconducted The real maintained agrowth estate intheKingdom sector Real Estate Investment, Companies andFunds 2014/15: The following table shows shares trading by in sectors Real EstateReal Development Hotels and TourismHotels andPressMedia Building andConstruction InvestmentIndustrial Multi-investment Companies Insurance Communications andIT Agriculture andFood Industry Services Energy andUtility Retail Cement Petrochemicals Banking andFinancialBanking Services Transportation CDSI,National Accounts 2014/15. (1) Sector Total (2)

Transactions 35,761,091 2,358,755 2,779,761 2,690,910 1,194,942 8,513,764 1,646,798 3,411,934 2,666,042 1,701,761 3,459,832 2,820,487 991,588 479,742 204,358 840,417 Traded Shares 2014/15 by Sectors (%) of Total(%) 23.81 7.77 7.52 2.77 1.34 3.34 9.54 0.57 7.46 4.76 9.67 7.89 2.35 100 6.6 4.6 The Emergence ofJoint Stock Estate Real Companies to the efforts ofsome existing tocompanies theefforts to professionally public andclosedjoint stock real estate companies, inaddition The real estate haswitnessedthelaunchofvarious sector sector are tosector expected build80%ofthenewhouses Housing Authority, Estate theReal Fund andtheprivate housing atthePlan 1.25millionunitsduring term. The Public The Development Ninth Plan estimates thedemandfor (6) (5) (4) Dr. Adnan years: for Al-Shiha, twenty HousingDemand www.psclg.org.sa thenext ofEconomy andPlanning,(3) Ministry Development Ninth Plan 2010/11-2014/15. athectares theendof2025 The demand for residential areas to isexpected reach 24,143 well ofhousingsuchasindependent duplexes. asothertypes The cumulative as villasisontherise numbersofmodern Annual Average Development oftheNinth Plan Unitsto ofHousing EaseInflation Lease 10% Reserve Housing UnitsRequired for Replacement ofoldHouses Five-Year Plan Housing Unitsfor thedemandbrought forward from theEighth New HousingUnits(Non-Saudis) New HousingUnits(Saudis) during theFirstduring InternationalConference ontheDevelopment Estate andReal Investment. Aworksheet presented by thePresident Estate oftheReal Commission in theCouncil Chambers ofSaudi of Economy and Planning, Ministry Development Ninth Plan 2010/11-2014/15. Traded Shares (million) 70,803 10,866 10,029 11,300 4,072 3,893 2,364 8,646 8,076 3,881 2,035 2,379 1,278 Total Development HousingUnitsoftheNinth Plan 631 373 980 Demand for the Housing During (1) Ninth Development Plan (%) of 12.21 11.41 15.35 14.16 15.96 Total 5.75 0.89 0.53 3.34 5.48 1.38 2.87 3.36 100 5.5 1.8 (Thousand units) (Thousand Shares (billionRiyal) Valuesof Traded (3) (4) . 131.56 162.77 319.07 148.43 171.53 129.83 332.61 279.71 198.44 2,147 48.28 18.67 63.04 16.34 78.94 47.3 (3) (5) (%) of 14.86 13.03 Total . 6.13 2.25 7.58 0.87 2.94 6.91 7.99 0.76 6.05 3.68 15.5 9.24 100 2.2 (6) 1250 250 110 200 800 70 70

79 Investment Climate in Arriyadh 2015 80 The High Commission for the Development of Arriyadh Savola Group Joint whichisaSaudi Stock Company listed 8 billion). with atotal investmentin theKingdom ofSR30billion(US$ City asthefirstSmart EconomicKnowledge inMadinah City SR 3.4billion(US$ 0.9 billion). This iscurrently building the EconomicKnowledge Company, City whichhasacapitalof special economic areas. and land andinfrastructure in addition to other land in (US$ 2.3billion).Emaroperates inreal estate development Emar Economic City, withapaid-upcapitalofSR8.5billion ofcommercialconstruction andresidential buildings. buying andowning real estate, land, general contracting and capital ofSR10.8billion(US$2.9billion). This in isactive Estate Real DevelopmentDar Al Company Arkan witha located to thewest oftheHolyMosque. for anddevelopment theconstruction ofJabalOmararea SR 9.3billion(US$2.5billion). The Company isresponsible The JabalOmarCompany operates withapaid-upcapitalof will eventually besoldoutor leased. commercial buildings, office and residential buildings which anddevelopmenton theconstruction offacilities and capital ofSR1,333million(US$355.5million).ADCO works DevelopmentArriyadh Company (ADCO) withapaid-up Mosque. focuses onthedevelopment ofthearea around theHoly paid-up capitalofSR1,648million(US$440million).Makkah andDevelopment Construction Company with a Makkah capital ofSR1.5billion(US$400million). Taiba Development andInvestment Company withapaid-up billion (US$320million). Estate Real Saudi Company withapaid-upcapitalofSR1.2 real estate sector: Eight companies listed in the capital market work in the Abdullah EconomicKing City. company, and Asir Company has teamed up with Emaar in recently announced itsintention to establishareal estate to establish real estate divisions. As an example Savola Group, in non-realcompanies working estate have sectors decided companies are already inplace, whilesomeotherlarge far eight jointSo stock of the Kingdom. real estatehistory companies inamove that isconsidered thelargest inthe Several real estate companies to shifted publicjoint stock abreast developments ofmarket andchanges. develop theirbusinesssystems andmechanismsto keep exceeds SR1.3trillion. estimated at estate SR640billion.Real investment ofnew housingunitsoverconstruction ten years is units per year. The funding required to finance the for housingoffive millionunits to 2020,262,000 The Council Chambers estimates of Saudi a demand of itscustomers, andinvest hugesumsofmoneyfor the sectors. service They employ technology intheservice The commercial Saudi banksare at theforefront of and effectiveness of regulations. that isrecognised internationally for ofservice thequality system Arabia ofSaudi banking The hasamodern Kingdom intheKingdom The Quality Level Services ofBanking SystemBanking Development Real EstateReal by Alrajhi Finance. Estate Real FundAl-Qasr by French theSaudi Bank andAlrajhi Financial Company, Fund KASB of Taiba Estate Real Company, Funds by SAMBA,Estate theGlobalReal Fund by Riyadh Aqar Fund Estate whichisowned theReal by Albilad Bank, Examples of the recently established real estate funds are: financial companies licensed by the Market Capital Authority. by commercial andother banksoperating intheKingdom, Several real estate investment fundswere recently launched anddisclosurewith thetransparency requirements. funds to protect theshareholders andto ensure compliance to theapproval oftheCMA. The CMA monitors thereal estate onrealCommerce estate joint stock fundsprior andIndustry regulations of stipulated theapproval oftheMinistry of offering real estate investments to thepublic. The new 220 dated 26/9/2005 whichsetsuptheterms andconditions funds basedontheCouncil Number Resolution ofMinisters organizes, regulates andcontrols real estate investment The (CMA) Authority Capital Market which hasissuedadraft The Emergence Estate ofReal Funds billion (US$266million). Development Company withapaid-upcapitalofSRone jointa Saudi stock company,Real Estate andfinally theLine a paid-upcapitalofaboutSRtwo billion(US$533million)as billion (US$533million)inadditionto United Company with another real estate company withapaid-upcapitalofSRtwo a missionto develop real estate invariousforms. Tarabuh is with apaidupcapitalofSRfive billion(US$1.3billion)with real estateOther companies include Yamama Estate Real tourism buildingsofhighandinnovative quality. and commercial, administrative, industrial, recreational and work on the development of real estate projects, residential development ofthereal estate Arabia inSaudi and sector is to launchreal estate giants whichwillcontribute to the have acapitalofSR17billion(US$4.3billion). The objective billion (US$7.2billion). The largest ofthefive companies will The total capital of the five companies will be around SR 27 meeting the requirements Authority. of the Capital Market launched and offered to the public and investors upon was announced that fiveIt real estate companies willbe ofthestock to partners. eventually selective sellportions division withover SR700millionofcapital. SAVOLA will on thestock announced market itwillestablishareal estate year on year. Bank clients are increasingly relying on the of operations cards, andnetwork POSandATM isgrowing objective. Forachieved itsprimary example, thetotal number isobvious that payment theelectronic It hasfully network sector.in thebanking retain customers and attract in light of the tough competition to services software. Banksstrive to provide state-of-the-art aswell astheimprovementtelephone services ofbanking over the years, driven by the evolution of communication and operations are banking steady experiencing Electronic growth of internet banking. government fees, bills, utility trading ofshares andprovision transactions, inadditionto thepaymentmost banking of have expandedservices inthepast20years to include cash withdrawals andmoneytransfer. The banking electronic through ofwhichare bankbranches, themostimportant for individualswhichwere service previouslybanking made for Agency theprovision Arabian ofelectronic Monetary Payments (SPAN) Network undertheauspices ofSaudi The year 1990/91witnessedtheinauguration oftheSaudi systems intheworldbanking inthefieldof technology. itoneofthemostsophisticated commercial making services, applications ofadvanced technologies inthefieldofbanking banks. These banks are branches and representatives of the parent • • Arabia:Saudi The following national and foreign banks arein working The NumberofNational andForeign Banks providing debitandcredit transactions. services these institutions, includingafullrange ofsupport or outside the Kingdom. The to connected is directly network international institutions such as Visa and MasterCard inside aswell. services of banking includesupport These services entire Payments Saudi Network. The provides network other to provide for the highest levels users of the of support SPAN andATM whichputmore networks burden onbanks China Bank). Bank ofPakistan, State BankofIndia, T.C and Ziraat Bankasi BNPParibas,Bank, National Bank, JPMorgan, Deutsche Kuwait, Muscat, Emirates Bahrain National Bank, Dubai National Bankof GulfInternationalBank, Arabia, namely; Twelve Arab and foreign branch banks are present in Saudi Investmentand Saudi Bank. Arab NationalAl Bank Jazeera, Bank, Hollandi, Inma Saudi SAMBA, SABB,Bank, Fransi, Saudi Albilad, Riyadh, Al Rajhi, Twelve national banks which are National Commercial 81 Investment Climate in Arriyadh 2015 82 The High Commission for the Development of Arriyadh (1) 2015/16. illustrates economic of developments inthefirstquarter inSAMA.Research andStatistics Department The report years according to latest data issuedfrom GeneralEconomic hasachieved sector goodgrowthThe banking rates inrecent Performance Sector Indicators oftheBanking network. withdrawals ofSR722.0billionwithinbanksandtheSaudi reachedtransactions SR1,531,559 million withtotal cash between banksSR49,247billion. Total executed ATM Total payments reached SR51,78.7billion. Total payments (SARIE) was SR54,459billionthrough 64.6millionmessages. Total Express value Arabian Interbank ofSaudi Riyal Service 2,175.8 billion,anincrease of9.3%. Total assetsandliabilitiesofcommercial banksstood at SR branches withagrowth rate of5.6%(103branches) . of commercial increased banksintheKingdom to 1,937 of the commercial banks were SR 10.8 billion. The number commercial banksto total banksdepositswas 18.2%.Profits 9.9% to reach SR 295.2 billion. Capital rate and reserves of Capital ofcommercial andreserves banksincreased by assets increased by 34.8%to SR201.4billion. commercial banksdecreased by 3.1%to SR76,9billion.Net 21.7% to reach SR278.1billion. Total foreign liabilitiesof Total foreign assetsof commercial banks increased by increased by 10.3%toactivity SR1,281.6billion. to SR381.7 billion. Total bankcredit provided by economic 238.7 billion. Also long-term bank credit increased by 10.8% bankcreditbillion. Medium-term increased by 11.6%to SR bank credit increasedShort-term by 9.6% to reach SR 661.2 total banks depositswas 6.1%. liabilities ofthegovernment to andsemi-government sector increasedsector by 10.4%to reach SR 99.3billion. Total commercial banksofthegovernment andsemi-government to total banksdepositswas 79.5%whiletotal liabilitiesof billion. Liabilitiesofcommercial banksoftheprivate sector banks oftheprivate increased sector by 10.4%to SR1,287.5 134.4% oftotal banksdeposits. Total liabilitiesofcommercial banks for bothgovernment andprivate amounted sectors by 9.3%to reach SR2,175.8billion.Liabilitiesofcommercial and private (bankcredit sectors andinvestments) increased Total liabilitiesofcommercial banksfor bothgovernment billion. quasi-moneydepositsdecreased byOther 13.2%to SR183 and saving deposits increased by 10.5% to SR 384.6 billion. of depositsunderdemandby 14.8%,SR1,050.9billion. Time a review ofdepositcomponents shows by type anincrease Total bankdepositsto total moneysupply(M3)was 90.7%. reach SR1,618.6billionfor ofthepastyear. sameperiod Total bankdepositsincreased by 9.8%(SR144billion),to SAMA, Economic Developments, firstquarter, 2015/16.. (1)

were issuedwithatotal value ofSR646billion. of SR250billion.Sixmillionindividualandcompany cheques house (outgoing andincoming) was 7.822,71at atotal value more than138,000,whilethenumberofchequesinclearing local banks20.5million. The numberofPOSterminals was of ATMs was 15,516 and the number of cards issued from million with total sales of SR 1.699,27 million. The total number Total executed transactions through POS reached SR 362.5 Nitaqat System ofLaborwebsite at: www.mol.gov.saMinistry For more information onthelaborlaw, pleasevisitthe Ensure that workers are notexploited by employers • Advantages appropriate penalties. ofwork environmentdisputes and inspection andimposing additionthereIn are provisions relating to settlement oflabor • • • • • • Key provisions and reissued by Royal Decree R/51dated 27/9/2005. Workmen Law. The recent adopted labor law was amended by Royal Decree R/21dated 15/11/1969as theLaborand the private (non-governmental) sector. was firstissued It The LaborLaw governs worker andemployer relations in to theLaborLawIntroduction Law,Labor Nitaqat System andHafez System • (1)

rights Educate the workers of their duties, responsibilities and environments. of women, juveniles and work in mines and other similar upthepoliciesandproceduresSet for theemployment health andsocialservices. of work hazards accidents, andindustrial work and injuries upthesafety policiesandproceduresSet for theprevention conditions andcircumstances.working upthepoliciesandproceduresSet oflaborrelations and procedures andemployers’ responsibilities. upthetraining andrehabilitationSet policiesand uptheemploymentSet policiesofnon-Saudis. employment andrecruitment agencies). Organize therecruitment processes (recruitment units, with thered bandthat shows alow Saudization rate, and percentage employed). ofSaudis dealsfirmly The Ministry bands are rewarded being thehighestinSaudization (the excellent, green, yellow and red. excellent Both and green andcategorize offirms themintothe performance bands: ofLabortoThis assess isasystem adopted by theMinistry www.emol.gov.sa Nitaqat, oflabor: Ministry . the KingdomandRelated Procedures Rules ofInvestment in Theme Three: (1) • • • • 10/4/2000. Investment was Act issuedby theRoyal Decree R/1dated authorized underthisAct. capital intheactivities The Foreign the foreign investor for intheKingdom theemployment of The Foreign for Investment authority istheregulatory Act The Foreign Investment Act their expatriate employees. to thegreen orexcellent bandsandat thesametimekeep enterprises to realize higherSaudization rates andsomove employment andencourageimported red andyellow presence. This willcontribute to reducing additional and and utilizesthe labour market from their expertise with expatriates from red and yellow enterprises within for theirbusiness development; facilitates contracting which are willing to hire Saudis, by issuing new visas within the firms excellentsupport and green categories ofLabourworksThrough to System Nitaqat theMinistry time to improve theirbanding. have realized a medium rate of Saudization, are given some Enterprises categorized intheyellow band, considered to not exceed ofthe total numberofenterprises. onefifth Saudization rate andthoseclassifiedinthe red banddo rates (green andexcellent), oflow whiletheminority encourage. Halfofthemhave realized goodSaudization Enterprises have beencategorized inaway to stimulate and in order to befairwhenevaluating theirperformance. number ofenterprises whichare similarinsize andactivity each isoffive sizes with225classes. Eachclass consists ofa The system into market dividestheSaudi 45 activities, comparison oftheirperformance. Saudis. Recording thisassessment ofenterprises enables excellent categories are classifiedthebestinemploying are classified weak inthissystem, in whilefirms green and to hireefforts Saudis. inthe Firms yellow and red bands or enterprises into four categories inaccordance withtheir citizensSaudi anditmainlydependsoncategorizing firms SystemNitaqat ismeant to stimulate enterprises to employ enterprises. excellence andcompetition andonethat issought outby The isto objective makeSaudization anessential feature of gives agrace to categorized period firms inthe yellow band. East and North Africa (MENA).East andNorth and the largest free market in the Middle world interms ofregistration ofproperty The isconsidered Kingdom thefirstin reserves, and25%oftotal Arab GDP. profits.It accounts for 25%of world oil income andcompany taxes are 20%ofnet investment. There are notaxes onindividual the bestworldwide interms ofstimulating investment.direct taxregime Its isoneof the mostattractive countries for foreign ArabiaThe ofSaudi Kingdom isoneof 83 Investment Climate in Arriyadh 2015 84 The High Commission for the Development of Arriyadh Fifth: owned by aforeign investor. jointly owned by national andforeign investors orwholly Fourth: of foreign investors. guarantees, terms andconditions oflicensing andobligations investment policies, procedures, scope, incentives, Third: The executive bylaws whichconstrue the foreign • • • • • • • • • national enterprises according to thefollowing terms: shall enjoy benefits, incentives andguarantees enjoyed by to be applied to all foreign investment enterprises. These Second: exceptactivities thoseexcluded. permanentlyortemporarily,Kingdom, inallinvestment First: Key Provisions years reaps inwhichtheentity profits. years andnotto calculate themat taxreconciliation for the forward thelossesrealizedBring by to theentity thecoming Development Fund.Industrial To loansaccording obtainindustrial to theprovisions ofthe employees isrelated to thelicensed entity. The sponsorship oftheforeign investor andhisnon-Saudi others. Freedom ofmovement and of shares among partners the project. amounts required for any contractual obligations related to obligations. The investor has alsotherightto transfer any tothe entity theoutsideanddisposalofitinany otherlegal share orfrom theliquidationorprofits surplus realized by Retransfer oftheforeign investor’s share from thesaleofhis compensation. exceptwhole orinpart for publicinterest andagainstfair exceptin part by ajudicialresolution orto expropriate in to isnotpermissible confiscateIt investments inwholeor investments signed by theKingdom. taxation andagreements ofpromotion andprotection of The benefitsensuingfrom agreements of avoiding double as issuedby Royal Decree R/15in2000. orinvestmentownership ofproperties oftheseproperties orfor residenceactivity ortheresidence ofnon-Saudis To own real for thelicensed estate conducting necessary 1961. law issuedbyof National Industries Royal Decree R/50in The incentives stipulated intheProtection andPromotion cadres. development oftechnically qualifiednational new technologies, aswell ascontributing to the to innovation theKingdom, andapplication of oftechnologydevelopment transfer andsupport economy. This is achieved through technical the national economy towards aknowledge-based foreign investments play asignificant role inshifting Development Strategy is to ensure that direct Among thekey oftheKingdom’s objectives To license any investment offoreign capitalinthe the Saudi Arabianthe Saudi General Investment Authority It is permissible that ispermissible foreignIt investments might be Identification ofbenefits, incentives andguarantees sagia.gov.sa ArabianOr theSaudi GeneralInvestment at: Authority www. website: www.commerce.gov.saand Industry ofCommerceFor information please visittheMinistry further entity. workforceSaudi shallbeagainstthelicensed investment Eleventh: 20%. Tenth: incentives andguarantees granted to national investments. Ninth: investment projects. Eighth: made by thelicensed activity. the sale of investments or liquidation or the profits of projects Seventh: enjoyed by anational project. shall enjoy alltheprivileges, incentives andguarantees Sixth: application submissiondate. (SAGIA) days shallprocess from the licenses withinthirty • • Key Provisions and bylaws that regulate Capital theSaudi Market. investments. The law includesasetofregulations, provisions and administrative framework for the capital market dated 31/7/2003. The Law provides alegalandinstitutional The Law Capital was Market issued by Royal Decree R/30 Capital Market Law The establishment for ofamarket trading in ofsecurities by LaborLaw. theSaudi The CMA personnelandemployment terms are governed The establishment(CMA). Authority oftheCapital Market A project licensedA project undertheforeign investment act Corporate profitsto amaximumcapof taxissubject Foreign investors are allowed to own 100%ofthe Foreign investments enjoy thefullprivileges, The foreign investor may retransfer his share from The sponsorshipofforeign investor andhisnon- • • • • • Advantages oftheCorporate Law • • • • Key Provisions ofCorporate Law law iscurrently undergoing several amendments. been issuedby Royal Decree R/6dated 21/7/1965. Corporate the process Arabia.of doing business in Saudi The law has Corporate Law istheframework whichgoverns andguides Corporate Law o frhr nomto pes vst h CA website: CMA the visit please information www.cma.org.sa further For • • Advantages oftheLaw • • • • • • in the financial market in thefinancialmarket to oneentity. responsibility ofalllisted companies Assign thesupervisory Company.Liability Allow to asinglepersonorlegalentity establishaLimited Amendments Expected Important Most establishment ofcompanies orjoint ventures. to with respect the applicableintheKingdom principles Enlighten andeducate foreign investors ontherulesand various kinds. governingprinciples theestablishment ofcompanies of Enlighten andeducate businessmenontherulesand provisions ofthelaw. Identify legalprocedures andpenaltiesonviolators ofthe offices. throughthe Kingdom affiliates, agenciesor representative Enforce corporate law onforeign companies operating in themechanismsofmergersDefine andliquidation. and declaration steps. liability, joint jointventure, stock, etc), andtheirlicensing by shares, partnership,limited partnership liability limited ofcompaniesIdentify (limited thetypes liability, simple treatment andprotection ofthedealers. to andtheprovisionwith respect securities offairandequal andinvestorsmarket to ensure disclosure andtransparency The law strengthens confidence and attractiveness of the and committees represented inCMA to settlethedisputes. monitoring role through thecreation ofnewinstitutions role andthe by clearly separating thesupervisory functions It determines theirpowers of thefinancialmarket. and andoperationalinstitutions, entities regulatory, supervisory spellsoutthestructures, clearly It the capitalmarket. The law provides alegalandinstitutionalframework for violations. penaltiesanddealwithproceduresImpose for handling uptheproxy,Set purchase andsalesprocedures. companies’ information for thebenefitoftraders. upproceduresSet that prevent oflisted fraud andleakage updisclosureSet procedures. investment andfundswhichare runby portfolios banks. Organize the financial brokerage business as well as the the Kingdom. relatedout transactions to traded depositofsecurities in whichisauthorized to carry intheKingdom sole agency CenterThe Deposit establishment oftheSecurities asthe is incorporated asajoint stock company. which Capital underthenameofSaudi Market the Kingdom • Advantages • • • • • Key Provisions andFeatures and theCouncil resolution ofMinisters 36dated 18/7/1996. The C.R.Law was issuedby Royal Decree R/1dated 21/4/1996 branches). of merchant, ofactivity, type and capital, headquarters (trade name, intheKingdom name any businessactivity provisions governing theregistration ofownership of The Commercial Register (C.R.) Law is a set of rules and Definition Commercial Register Law and Industry website: www.mci.gov.saand Industry For ofCommerce more information pleasevisittheMinistry outof233andadds24newarticles. articles general, ofthenewcorporateIn thedraft law deletes 43 • • • • regulations oftheLaw. isassigned to ofCommerce issue and Industry The Ministry oftheCommercial Registration.articles Penalties takenagainsttheviolators oftheprovisions ofthe Terms ofcancellation ofregistration. the date ofopening. registration intheCommercial Register within30days from arein theKingdom required by theC.R. Law to applyfor Foreign companies licensed to openabranch oroffice same appliesfor thebranches ofthecompany. days by from apublicnotary. validation ofitsarticles The shall obtain a Commercialthe Kingdom Register within 30 The law also stipulates that all companies incorporated in whether itisamainoffice ora branch office oranagency. to obtain aCommercial Register from thenearest center of possessingacommercial to entity submitanapplication the date ofopening acommercial entity, orfrom thedate 100,000 ormore isrequired to register within30days from According to thislaw, merchant whosecapitalisSR every the company’s orothers. financialpositionfrom partners and ormisleadingfinancialstatements orhiding or reports senior management andboard false membersfor making The impositionofsevere penaltiesoncorporate executives, to thecorporate law. charge ofinvestigations where there are claimsofviolations The Bureau ofInvestigation andProsecution shallbein disputes from arising the application ofthecorporate law. The Board ofGrievances and adjudicates inallcivilactions panel ofexperts. through appointment of one or more representatives or a the company’s ofassociation. articles This shalltakeplace enforcement ofcorporate law, theexecutive bylaw and to control andmonitor thecompanies regarding the shallhave ofCommerce theright andIndustry Ministry 85 Investment Climate in Arriyadh 2015 86 The High Commission for the Development of Arriyadh (1) • Key Provisions R/21 dated 5/2/1984. The Saudi Trademarks Law was issuedby theRoyal Decree licensing contracts, joint trademarks andrelevant fees. and placing a lien on trademarks,mortgaging as well as publicizing, renewing, cancelling, transferring theownership, The Trademarks Law setsouttheprocedures for registering, Trademarks Law govern thecommercial agencies The Trade Agencies Law is a set of rules and regulations that Introduction Trade Agencies Law www.mci.gov.saCommerce andIndustry: For more of information visitthewebsite oftheMinistry • • of Commerce and Industry at: www.mci.gov.saof Commerce andIndustry For more information pleasevisitthewebsite oftheMinistry • • • Advantages • • • • Key Provisions R/32 dated 24/6/1980. amendments thelatest ofwhichwas issuedby Royal Decree Decree R/11dated to several 22/7/1962 and was subject The Saudi Trade Agencies Law was issuedby Royal services oftheproducter againstanagreedservices commission onprofit margin. A Commerial agent is the one who enters into a contract with a producer to distribute the goods and or trading orasevidence ofproviding aservice. trade for mark thesakeofprocessing, purifying, inventing thetrademark isowned by theowner ofthe which willcarry oranaturalprojects resource orto evidence that theitem orforestsagricultural products orhandicraft utilization if theyare suitableto differentiate industrial, commercial, sign orcombination ofsigns are considered astrademarks signatures, words, letters, numbers, pictures, stamps or any According to thislaw, any distinguishednamesor and any associated rights. The commercial agent shallbeprovided withallobligations The Law shallbecontinuously amendedanddeveloped. and obligations. The law enlightens thecommercial agents oftheirrights ofamendments.series The law isundergoing continuous improvements through the executive bylaws. issues of Commerce andIndustry Mandate oftheMinistry laws andregulations. The law outlinespenaltiesassociated withviolations ofthe The law states theobligations ofthecommercial agent. as well aslicense termination procedure. The law outlinesthelicensing procedures for trade agents Saudis. of such companies and their authorized signatories must be owned by Saudis, andallmembersoftheboard ofdirectors assuming therole ofthe Trade Agencies mustbefully a Commercial Register, that thecapitalofcompanies The law stipulates that the Trade Agent with mustbeSaudi (1) . of Commerce and Industry: www.mci.gov.saof Commerce andIndustry: For more information pleasevisitthewebsite oftheMinistry • • • Advantages • • • • • • • required. to issue the executive bylaws andissueamendments as The law ofCommerce authorizes theMinister andIndustry obligations andresponsibilities. Enlighten thosewishing to register trademarks oftheir that provide reciprocal treatment. exhibitions whichare hosted orcountries by theKingdom trademarks ofitems presented innational and international including the procedures protection of of temporary The executive bylaw that construes thelaw isinplace, law. penalties associated with violating the provisions of this Penalties associated withfraudulent trademarks andother Fees required for theregistration oftrademarks. The consequences for theregistration oftrademarks. as atrademark. The conditions that determine what cannotbe registered on trademarks. transferring the ownership, andplacing a lien mortgaging Procedures for registering, renewing, canceling, requesting renewal. for ten years and may to be extended upon a similar period The rightsoftheowner oftheregistered trademark continue which have reciprocal relations withtheKingdom. works,trade orhandicraft foreign nationals ofcountries residing whohave intheKingdom to permission undertake register trademarks: naturalized orlegalSaudis, foreigners According to thelaw, thefollowing groups are allowed to accordance withtherates prescribed inthetariff.It facilitates goodsisin which definesthecustoms dutiesonimported and itsstability. toharmful society The economic objective offensive or to publicmorality Muslim faithor to the contrary demonstrated by preventing ofcontraband that is theentry intheKingdom ofthecustomsobjectives policy The Customs Law embodies the religious and security Advantages • • • • (1) • Key Provisions was issuedby Royal Decree R/9dated 5/7/1973. goods for the welfareimported ofcitizens. The Customs Law cancellation of customs or reduction duties on many These are governing asetofprovisions the andarticles Customs Law www.mci.gov.saof Commerce andIndustry: For more information pleasevisitthewebsite oftheMinistry • • Advantages • • • • • Key Provisions by Royal Decree R/45dated 13/7/1989. issued by Royal Decree R/37dated 24/3/1964andamended checks) intheKingdom. The Commercial Paper was Act of dealingwithcommercial notes and papers(promissory These are asetofrulesandprovisions governing theprocess Introduction Commercial Papers Regulations exported goods exported ofzones designated and Directory for depositingimported ofunloadinggoodsinthe customs zones Directory precious goods particularly to ofgoodswhichare provisions subject Directory duties provided theyare re-exported goodsfree of ofimported entry oftemporary Directory tariffs between the countries ofthe Arab League League countries to facilitate trade and transit trade standard since 1953, in addition to scale of making made undertheRoyal Decree R/68dated Arabia 3/2/1973.Saudi hasalsoheldanagreement withtheArab Harmonized System was in1990,andmembershipoftheCustoms Cooperation Council inBrusselswas shouldbenoted that theKingdom’s It accession to theConvention onthe World Customs Organization Tariff laws applied Saudi by the Customs of non-compliance. with dealing with commercial papers and the consequence Enlighten dealerswith therights andobligations associated the law whichwillbeamendedasrequired isinplace. An executive bylaw to construe theterms andconditions of obligations of commercial note or check) paper (promissory The penaltiesassociated withnon-fulfillment ofthe note. ofthecheckorpromissory distortion matters related to of multiple copies production and holderand rights theofcheckorpromissory Define acceptance andfulfillment ofobligations andthetimeframe. note andcheck List theconditions ofthepromissory notes.endorsement ofchecksandpromissory List theprocedures associated withthecirculation and data for theiracceptance. note andthechecknecessary thepromissory Define (1) . dated 7/3/2004. The newIncome Tax Law was issuedby Royal Decree R/1 citizens.Saudi owned by andnon-Saudis, for theSaudis inadditionto Zakat the process taxes ofcollecting from companies andbanks The Income Tax Law is a set of rules and provisions governing Introduction Income TaxLaw www.customs.gov.sa For more information Customs pleasevisittheSaudi website: goods. imported customs dutiesorimposeslow customs dutiesonsome goals, aimsto exempt essential consumer commodities from procedures,export protects national industries, andsocial (2) • • • • Key Provisions The oldincome taxlaws were issuedby Royal decree No. 17/2/28/3321dated 2/11/1950. allowances, research anddevelopment anddepreciations. that are notallowed baddebts, asdeductibles, reserves, business are allowed as well as expensesas deductions) or accrued, to andnormal running the that are necessary Determination ofbusinessexpenses (allexpenses, paid incidental income lesstaxexempted income anddonations. including capital gains and any in the Kingdom, out activity andofanytype form ofpayment resulted from carrying Taxable income includesallincome, profits, gainsofany upthetaxbaseandrates Set intheKingdom. gas, oilandhydrocarbons.. work inthe fieldofinvestment ofnatural andproduction to taxfromsubject asource andthosewho intheKingdom, establishment, thenon-resident whohasotherincome throughnon-resident apermanent activity whopractices the intheKingdom, resident whoisengagedinanactivity capital company non-Saudi onshares partners, ofnon-Saudi The following to are income tax:theresident allsubject (2)

87 Investment Climate in Arriyadh 2015 88 The High Commission for the Development of Arriyadh dated 5/8/1965. R/29 on27/1/1964andwas amendedby Royal Decree R/3 Saudi Weights andMeasures Law was issuedby Royal Decree size and area) and their application in the Kingdom. The the adoptionofstandard decimalunits(length,weight, This law is composed of a set of rules and provisions governing Calibration andStandards Law www.dzit.gov.sa andIncome ofZakat TaxDepartment website: For more information onthetaxsystem pleasevisitthe • • • • • • • • • are: economic development. ofthesemerits The mostimportant investment and strengthen the role of the private in sector favorable investment foreign climate attract in the Kingdom, The new tax law has many advantages which aim to create a Merits • Grievance Board forKingdom thefirsttimein therightoftaxpayerImplementing to appealto the tax declarations) measures to prevent taxevasion andirregular provision of Enhancement (clear ofthe mechanismoftaxcollection andtaxpayers.department Clear identificationrights oftheanddutiestax taxforEndorsement ofdeduction thefirsttime Adoption ofself-allocation approach Adoption ofgroup andaccelerated assetsdepreciation forward lossesfor anunlimited numberofyearsCarrying Adoption ofmoderate taxrates andtransparency Clarity investment tax. companies, capitalandfinance companies andnatural gas for determining the tax base and taxrulesonpersonal therulesoftaxaccounting,Define andadditionalrules Cooperative Insurance Law R/22 dated 15/11/1969. The Law was amendedby Royal Insurance LawThe Social Saudi was issuedby Royal Decree subscriptions. that settheframework for socialinsurance enrolment and Insurance LawThe Social isasetofrulesandregulations Saudi website: SAMA InsuranceSocial Law visit please information www.sama.gov.sa further For • • Advantages • • • • Key Provisions andFeatures dated 1/8/2003. The Insurance Law Saudi was issuedperRoyal Decree R/32 insurance, caraccidents, aviation andgoodsetc. insurance whichincludeshealthinsurance, market fire The law framework aimsat settingaregulatory for thelocal • • • Advantages Violators willbepenalized asstated inthislaw. or packages. exhibiting goods for sale, shall put these units on such goods orproducinggoods to theKingdom goodsin The law stipulates that allcompanies andfirms, importing international standard units. and itsunits). These unitsare linkedto thecorresponding liquid volume: liter anditsunits;space: themeter (length: meter anditsunits;weight: anditsunits; kilograms thestandardDetermine decimalunitsintheKingdom Key Provisions consulting bureaus andinsurance auditingbureaus. provided by specialized companies, brokers, agents, improvementAchieve further ofinsurance services sector. Enhance competition intheinsurance andreinsurance customers andinvestors inthissector. andprotect ensure ofinsurance thequality services standardsSetting andadministrative requirements to insurance intheKingdom. andreinsurance businessactivity (SAMA) Agency isincharge Arabian ofthe Saudi Monetary business ofinsurance companies intheKingdom. upthepoliciesandproceduresSet whichregulate the a cooperative insurance basis. License insurance companies to operate on in the Kingdom Trade website: www.mci.gov.sa andIndustry For of more information onthislaw pleasevisittheMinistry duetoproducts failure to comply. law national highlights thenegative onthequality impact which shouldconform to theinternational standards. The to of adhering the standard units Explain the importance and puttingtheseunitsonsuchgoodsorpackages. ofcompliance withthemeasurementimportance system andproducersEnlighten exporters ofthe importers, Meteorology andEnvironment at: www.pme.gov.sa For information please visit the Presidency of further • • • • Advantages oftheLaw • • Key Provisions Law was issuedby Royal Decree R/34dated 16/10/2001. planning intheindustrial, agricultural fields. andurban This ofthecomprehensiveplanning anintegral part development of natural resources. alsoaimsto makeenvironmental It andthedevelopmentconservation, andrational utilization the environment against pollution, ensure public health; This Law isasetofrulesandregulations that aimto protect General Environment Law the GOSIwebsite: www.gosi.com.sa For more information aboutthesocialinsurance system visit will provide financialsupport. study findingsandinthecaseoffiscaldeficit, the government at least. The GOSIpremiums willbeassessedinlight ofthe of GOSIandeachbranch ofinsurance three once years every The Law callsfor adetailedreview ofthefinancialperformance Advantages • • • • Key Provisions andFeatures 25/3/2001. Decree R/33of29/11/2000andbecameeffective on protection standards. Links loan provisions to that projects adhere to environment Encourages efforts. national voluntary protection andimprovement. thesenseofresponsibility towardsDeepens environmental Enhances environmental awareness Identify violations, accountabilities andpenalties. torespect environmental protection. Define responsibilities, obligations and accountability with andfinancialfinancial structure resources. (GOSI) isincharge ofthesocialinsurance, inadditionto the thisLawBy theGeneralOrganization for Insurance Social insurance. that areThe excluded Law liststheparties from social basis, onlyworkers onallSaudi irrespective ofgender. or nationality. The pensionbranch isapplied, onobligatory basis, on all workers,obligatory irrespective of gender, age The occupational hazards branch isapplied, onan only). Saudis employee contributes 9% and the employer 9% applied to of retirement oranddeath (18%ofthe wage where the Pensions, where the system provides compensation incase pays 2% of the worker’s wage irrespective of nationality). of work andoccupational injuries diseases(theemployer occupational hazards whichprovide compensation incase Establish thesocialinsurance divisionswhichare of Information website at: www.ifo.gov.sa For more information aboutthislaw, pleasevisittheMinistry • • • Advantages • • • • • Key Provisions andFeatures been issuedby Royal Decree R/11dated 18/12/1989. rightsintheKingdom. property intellectual The Law has This isasetofrulesandprovisions for theprotection of Rights Property Intellectual • Key Provisions commercial debtfor thedebtor. ofanycommercial moneyto mortgage betransferred as which aimsto thepoliciesandmeasures clarify related to isasetofrulesandregulationsR/75, dated 1/1/2004.It The Law Commercial was issuedby Royal Mortgage Decree Commercial Law Mortgage materials protected by thislaw. Contributes ofauthors to theprotection andsecurity andpenalties takenagainstthem. ofthisaction seriousness rightsofthe Enlightens violators property ofintellectual towith respect production. intellectual Enlightens theauthor ofhisobligations andresponsibilities rights. Penalties associated withviolating property theintellectual rights. The obligations ofauthorsundertheprotection oftheir Terms andscope ofcopyright protection andterm. transfer ofownership. Procedures relating to theprotection ofcopyright andthe Procedures related to copyrighted materials. the commercial mortgage. standardsSetting andobligations associated withproving 89 Investment Climate in Arriyadh 2015 90 The High Commission for the Development of Arriyadh The terms andconditions ofexploitation andinvestment licenses andtheassociated rights andobligations. The general terms ofexploration withregard to issuingof and obligations oflicensees. The general provisions ofsurveying,exploration, therights the processing ofapplications, acceptance etc. andrejection, conditions to bemetby theapplicant andtheprocedures for The Law outlines the general licensing provisions, the exclusions. incharge oftheLaw,agency thelicensing process and specify that publicownership ofmines, thegovernment InvestmentThe Mining Law includesgeneral provisions that Key Provisions dated 4/10/2004. InvestmentThe Mining Law was issuedby Royal Decree R/47 bidding for exploration andmininglicenses. which regulate theprocedures andrequirements for public This isasetofgeneral andspecialterms andconditions InvestmentMining Law at: www.mci.gov.sa ofCommerce andIndustry Ministry For more information theCompetition Law please visitthe • • • Advantages oftheLaw • • • • Key Provisions andFeatures was issuedby RoyalIt Decree R/25,dated 22/6/2004. combat that monopolisticpractices affectlawful competition. This Law aimsto protect andencourage faircompetition and Competition Law and Industry website at: www.mci.gov.saand Industry ofCommerceFor information please visittheMinistry further • Advantages oftheLaw • • Eliminates practices that impact legitimateEliminates that practices impact competition. Provides freedom ofprices. andtransparency andthetradingEstablishes the rulesofmarket ofgoods. fineswhichwillbeimposedintheeventSet ofviolations. Council hasbeenestablished. An independent council namedtheCompetition Protection competition amongbusinessinstitutions. Enforce the terms and conditions that monitor and control state companies. exceptmarkets publiccorporations andwholly-owned ProvisionsSaudi in ofthisLaw appliesto allfirms working mortgagor oftheirrights andobligations. mortgagor Enlightens thecreditor andthe againstthe mortgage, the application ofthislaw. The Board ofGrievance adjudicates indisputes from arising procedures. andtheassociated debtrecovery upthemortgage Setting Industry www.mci.gov.saIndustry ofCommerceplease visitthewebsite and oftheMinistry For more information onthecontent ofalllaws regulations 2013thereIn were atotal numberof36laws. signatures, and prevention of any attempts to abuse or fraud. and istopurpose eliminate allobstaclesfacinge-transactions ofthislaw areMerits reflected inasetof regulations whose Advantages medicine, education payments. andfinancialelectronic are included in many government procedures, trade, domesticallyandinternationally.e-records The e-transactions confidential transactions, and easyelectronic signatures and creates It framework. united legalrulesfor theuseofsafe, andsignaturestransactions andorganize themwithinalegal The Electronic Transactions Law aimsto adjustelectronic Key Provisions Kingdom. inthe Certification and regulations relating to theNational Center for Electronic inadditionto many rules ande-authentication, e-signature regulate theprocedures suchas transactions ofelectronic This isasetofgeneral and specialterms andconditions which TransactionsLawElectronic gov.sa for Resources: Mining www.dmmr. Ministry visit theDeputy For information Investment ontheMining Law further please licenses. that should becompleted to obtainamininginvestment Provides investors withthepolicies, procedures andforms Advantages oftheLaw the government orarbitration. inaccurate information or delay to pay the amounts due to duties andpenaltiesassociated withtheprovision of and investment incentives andexemption from customs and financialprovisions related rentalto fees andsurface licenses inadditionto theprovisions ofotherlaw articles, with regard winning to rightsandobligations oftheparties No. 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 System ofCommercial Anti-Fraud System ofAnti-Incognito Israel Boycutting Law System ofProtection andEncouraging National Industries Metrology System Arabian ofSaudi Organization for Standardization and System Engineers ofSaudi Organization System Property Intellectual System ofPrecious andGems Metal Private Laboratories Law Commercial Law Court Legal Accountants System System ofHotels andResidential Units System ofChamberCommerce andIndustry Corporate Law Professional Companies Law Common Trade Policy for theGulfCorporation Council Commercial Law Books Common System Organization ofIndustrial Protective Law Compromise ofBankruptcy Arbitration Law System Sales Installment Commercial Data Law Law ofConsigning inthePublic Warehouses Trade NamesLaw Law andManagement Chemicals Import ofCommerceFunctions Regulation oftheMinistry Law Authority Property Industrial Saudi The Commercial System ofAnti-Dumping Item Royal Decree R/11,3/2/1984 Royal Decree R/22,6/22/2004 Royal Decree R/28,11/23/1962 Royal Decree R/50,5/28/1962 Royal Decree R/10,4/17/1972 Royal Decree R/41,8/30/2003 Royal Decree R/21,8/7/2002 Royal Decree R/42,4/24/1983 Royal Decree R/3,4/21/2002 Royal Decree R/2,3/23/1970 Royal Decree R/12,11/201991 Royal Decree R/27,4/23/1975 Royal Decree R/6,3/18/1980 Royal Decree R/21,8/7/2002 Royal Decree R/4,8/28/1991 Royal Decree R/201, 9/4/2006 Royal Decree R/61, 7/21/1989 Royal Decree R/20, 2/5/2006 Royal Decree R/16, 1/25/1996 Royal Decree R/34, 4/16/2012 R/57,4/11/2005 Resolution Ministrerial Royal Decree R/15, 6/25/2002 Royal Decree R/29, 6/6/2006 Royal Decree R/15, 20/11/1999 Royal Decree R/38, 12/7/2006 66,2/12/1954 Resolution Ministerial 235,12/11/2001 Resolution Ministerial Royal Decree R/30, 13/6/2006 arty 91 Investment Climate in Arriyadh 2015 92 The High Commission for the Development of Arriyadh • • • • • • • • • • • • Abolished Bodies: government bodiesandestablishtwo alternative ones. Abdulaziz, issuedaRoyal Decree on29/1/2015 to abolish12 The Custodian ofthe Two Bin Salman HolyMosques, King Supreme Council ofDisabledAffairs Supreme Council ofIslamicAffairs Renewable Energy Supreme for Council Abdullah City ofKing Atomic and Council National Security Supreme Economic Council Supreme Council for andPetroleum Mineral Affairs Education CouncilHigher Council Education andCollages ofHigher Technology CommitteeHigher for for Abdulaziz City King Scienceand Council Civil Service CommittteeThe Higher for Adminnistarative Organization CommitteeThe Higher for Educational Policy Authorities intheKingdom Investment andMajor Higher Theme Four: • • • • • • • • • HRH Prince binAbdulaziz BinSalman (President). Mohammed The Council implies: Council ofEconomic andDevelopment Affairs • • linked to theCouncil ofMinisters: Two Councils willbeestablishedandorganizationally Minister ofCommmunicationMinister andIT ofCommerceMinister andIndustry ofHajj Minister ofLabor Minister ofPetroleumMinister Resources andMiniral of Transport Minister ofHousing Minister of Minister Water andElectricity ofJusticeMinister Council ofEconomic andDevelopment Affairs Supreme Council ofIslamicAffairs other merits. addition to the united and window service systemservice for theAuthority’s clients, in the website www.sagia.gov.sa andaself- for investors through its business center on The Authority provides services electronic investment intheKingdom. body that oversees national and foreign Authority. This isthehighestgovernment Arabianis theSaudi General Investment Kingdom. ofthem The mostimportant relating to investmentparties in the There are many government andprivate (2) Vision SAGIA (1) • • • • andFunctionsRoles was establishedin2000. Kingdom, the government bodyresponsible for investment inthe The Arabian Saudi General Investment (SAGIA), Authority Introduction (SAGIA) ArabianSaudi General Investment Authority implementation andcoordination between them. strategies andeconomic anddevelopment plans, follow up related to economic anddevelopment affairs,monitor the Development Affairs to setvisions, orientations andgoals androle oftheCouncilfunctions ofEconomic and Two BinAbdulaziz, Salman approved HolyMosques, King The Council headedby ofMinisters theCustodian ofthe andFunctionRole oftheCouncil • • • • • • • • • • Mission SAGIA Mission . and thegeneral package). (investor packages mediapackages packages, authority as thelicensing process manualand specialized investment SAGIA provides oftools to avariety guidetheinvestor such and West.East energy intheworld, anditspositionasamajorhubbetween source of strength asthemostimportant ofthe Kingdom rapid andsteady economic growth advantage ofthe taking toSAGIA sufficient attract isseeking investment toachieve investors. andprovidingof transparency relevant information to which impedeinvestment increasing activities, thedegree This includesidentification andelimination of constraints climate to makeitmore competitive to othercountries. SAGIA endeavours to review and improve the investment global economic cities and new society environment, and knowledge-based by 2010through thecreation ofahealthy business world interms ofthecompetitive investment environment isplaced amongthetopthe Kingdom ten countries inthe Dr. binSaeed. ofState EssambinSaad Minister Dr. Al ofState Aiban. binMohammad Minister Musaad ofState Minister binAbdulmalik AlMohammad Sheikh, ofAgricultureMinister ofCivil Service Minister andRural ofMunicipal AffairsMinister ofEducationMinister ofCultureMinister andEducation ofHealth Minister Affairs ofSocial Minister • Communicator • Facilitator • Think Tank The three core ofNCC objectives are as: to act highest levels ofcompetitiveness. is therefore committed to to pushtheKingdom the and evaluate competitiveness and intheKingdom, NCC is an independent body established to monitor National Competitiveness Center (NCC) (1) It has been the key objective of SAGIA has been the key objective that It (2) . scta.gov.sa For information pleasevisitSCTH’s further website: www. • • • SCTH’s Role, Functions andAuthorities eliminate any impediments. and promoting it, enhance therole and oftourism sector care by organizing, oftourism in theKingdom developing of 9on17/4/2000withtheobjective Resolution Ministers Thois isagovernment institutionformed by Council of Introduction website: Heritage (SCTH) SAGIA visit The Commission Saudi for Tourism andNational please information www.sagia.gov.sa more For • of policiesandmanaging theirimplementation, through two governed by aboard ofdirectors responsible for preparation are located headquarters inArriyadh. Its The Commission is This is a government commission that was established in 1975. Royal Commission for Jubailand Yanbu elements of the cultural heritage of the Kingdom. elements ofthecultural oftheKingdom. heritage and architectural andpromote heritage ofthe knowledge antiquities, explore andstudythem.Also develop museums and museums, itstrengthens to protect itsability With regard to SCTH’s missiontowards national heritage through theprovision ofclearpoliciesfor theindustry. in the Kingdom sustainable and successful tourism industry iscommitted to facilitateThe SCTH thedevelopment ofa achieve thevision andmissionoftourism intheKingdom. to withvarious stakeholdersandpartners close partnership isthestimulating center works forThe in SCTH tourism. It setting upabusinessandobtainingsupport. copyright, patents etc) andinformation onthecosts of information onlaws related to investment (trademarks, over investment, financingprocedures andagencies, responsibilitiestax), government agencieswithpartial include investment incentives (regulatory, financial, on theinvestment climate intheKingdom. These SAGIA provides investors withinformation anddata awareness. achievements inthefieldofenvironmental Directorate ofhonor withacertificate for its 1998,theArabIn League presented Yanbu Cities Award for Environmental Protection. 1995, the Jubail DirectorateIn received the Arab Environment. Organization ofthe Protection of theMarine the environment from theKuwait-based Regional an award inrecognition ofitswork onbehalfof 1988,theRoyalIn Commission was presented with in various fields: of efforts received many international prizes inrecognition The Royal Commission for Jubailand Yanbu has International andRegionalRecognition: 93 Investment Climate in Arriyadh 2015 94 The High Commission for the Development of Arriyadh Jubail and Yanbu website: www.rcjy.gov.sa For information pleasevisittheRoyal Commission further for • • • • • Role, andLevel Responsibility ofAuthority for thedevelopment ofJubailand Yanbu regions. industrial of implementing physical andsocialinfrastructure required Cities. The Commission was entrusted withtheresponsibility general directorates located inJubailand Yanbu Industrial • andLevelRoles, Responsibility ofAuthority isafinanciallyautonomousprices. body. It at affordableinformation intheKingdom technology services entrusted withproviding communication highquality and 133dated Decision Ministers 21/7/2003. The Commission is This isagovernment institutionformed by theCouncil of Introduction website: Commission (CITC) CMA Communications andInformation the Technology visit please information www.cma.org.sa more For • • • • • andFunctionsRoles oftheCMA Decree R/30 dated 1/8/2003. and traders ofsecurities. The CMA was founded by theRoyal companies listed aswell inthemarket asprotecting investors for adequate ensuring disclosure for andtransparency the to enhance trustandconfidence init. CMA isalso responsible order to create a sound investment climate and in the market enforcement oftheprovisions Law oftheCapital in Market as issuingrules, regulations anddirectives required for regulation anddevelopment aswell ofthecapitalmarket government agency. isresponsible for It supervision, The CMA isanadministratively andfinancially autonomous The Capital Market Authority (CMA) supply offeedstock neededby suchindustries andservices To coordinate withotherrelated agenciesto facilitate To encourage theprivate to invest sector inthetwo cities. andcapabilities.upgrade theirskills To urge to theseindustries employ nationals Saudi and needed for theseindustries. To planandmaintain variousinfrastructure andservices light to industries utilize theKingdom’s natural resources. To encourage thedevelopment ofbasic, downstream and Pro under CMA. Regulate of entities and working monitor the activities ofsecurities. transactions Develop appropriate measures to to reduce pertaining risks ofsecurities. transactions in and transparency fairness,Maintain efficiency involvingpractices fraud, deceit andcheating. Protect investors and the public from unfair and unsound parties. appropriate standards andtechniques for allconcerned Regulate and develop andpromote thecapitalmarket vide appropriate andfairenvironment to promote o frhr nomto pes vst h CT website: CITC the visit please information www.citc.gov.sa further For • • • • • management, maintenance and supervision ofthesecitiestomanagement, maintenance andsupervision cities andencouraging development, theconstruction, (MODON) isrepresented intheplanningof theindustrial Authority Property The Industrial oftheSaudi mainobjective Role, andLevel Responsibility ofAuthority citiesin2005. industrial ofCommerce determined themissionsof the Ministry According to theCouncil ofMinisters’ 265,2004; Resolution Council ofMinisters’ 235on13/11/2001. Resolution The basiclegislation to was setuptheAuthority endorsed by operation onacompetitive basis. and theprivate isresponsible sector for financing and andcontrol isincharge ofplanning,sectors. It supervision This is jointly managed by the private and government Introduction Authority (MODON) Property Industrial Saudi environment. of professional inapositive working performance Develop humanresources to thehigheststandards technology andcommunications. awarenessRaise andpromote theuseofinformation and information technology sector. Enforce policies, plansandprograms to develop thetelecom technology sector. investments inthetelecommunications andinformation upanappropriateSet environment to encourage licensed to provide thoseservices. ofcompanies andmonitor theperformance services Protect theinterests ofuserstelecommunications rights. competition, andsafeguard publicinterest andstakeholder For information pleasevisit:www.modon.gov.sa further • • • • • • • • • • include butnotlimited to thefollowing functions: intellectuals andinnovativeintellectuals projects. intheseareas to technology, attract services andsupport technology zones, for instance, by providing additional Encouraging the establishment and growth of modern amicable manner. Cities, andbetween tenants, or beneficiaries residents inan the developers and operators Industrial ofthe Specified to resolveSeeking thedisputes that may between arise implementation ofallprovisions andinstructions. and operation contract, oroneofthem,andensure the to ensure theircommitment to theterms ofdevelopment ofdevelopers andoperators theperformance Monitoring relevant authorities. Cities in Industrial coordinationin theSpecified withthe Taking measures to protect necessary theenvironment regulations andexecutive bylaws. Cities inaccordanceIndustrial of thespecified withthis Granting oflicenses to thedevelopers andoperators manage, operate andmaintain cities. theindustrial Encouraging theprivate to develop, construct, sector Cities.Industrial Specified and the requiredof services facilities to the limits of the Coordinating withtherelevant for authorities theprovision bylaws. Cities inaccordance withthisregulation anditsexecutive of landowned byIndustrial theprivate asSpecified sector government landto cities, establish industrial and adoption Proposing the allocation of the appropriate locations of cities.the specifiedindustrial development, management, maintenance andoperation of Establishing rules and procedures related to the construction Cities Development Strategy. Industrial Implementing bylaws oftheAuthority. in accordance withtheprovisions andexecutive the Authority includingtherequirements and zones) without the approval and licenses from (industrialcitiesandtechnology industrial city not allowed to establish,develop andoperate an Authority itis Property Industrial of theSaudi accordanceIn 16 and18ofthebylaws withArticles the Second Industrial City,the Second Industrial Riyadh). of III Phase to adjacent (Arriyadh, City Al-Obaikan • City Development Energy (Arriyadh, to Road Al-Kharj). Eastern Ring and Water Arabian • of Arriyadh City). Second Industrial III Phase to adjacent (Arriyadh, City Al-Fanar • (Arriyadh City • Al-Ojaimi –Al-Kharj Road). Private Cities Industrial administrative corruption. related to offinancialand thepublicaswell asallaspects entrusted with following upexecution oftasksandorders The Commission’s taskincludesallgovernment is sectors. It andFunctionRole society, individuals, institutionsandthefuture generation. combat corruption and eliminate it andits severe on impact Decree D/65on18/3/2011to protect publicmoneyand Custodian ofthe Two HolyMosques. Founded by aRoyal This isagovernment related institutiondirectly to the Introduction National Anti-Corruption Commission For information pleasevisit:www.energy.gov.sa further • • • • • • • The isentrusted city withthefollowing roles: improving oflife thequality intheKingdom. peaceful purposes, thereby raising thestandard oflivingand relatedindustries to nuclearand renewable energy for dependingonscience,in theKingdom, research and aimstoThe contribute city to sustainable development andAuthoritiesRole Abdullah NuclearandRenewable Energyname King City. established by theRoyal Decree D/35on17/4/2010by the A government ofscience) that institution(acity was (K.A.CARE) King Abdullah NuclearandRenewable Energy City radioactive waste. business andworks ofnuclearenergy usesandany related bodyonall andobservatory isalso asupervisory It agreements signed orthat willbesigned by theKingdom. commitments andfulfilment ofallnuclearand renewable concerned withnational istheonlyparty The city information sources. research suchas laboratories, means of communication and accommodatesThe city allrequirements ofscientific majors. Work to develop scientific Saudi competencies intheir own medical, industrial, agricultural andminingareas. scientific baseinpower generation, desalinated water, and renewable energy inorder to buildtechnology anda andnationalIdentify policiesinthefieldofnuclear priorities conferences. Organize localconferences ininternational andparticipate scientific research centersKingdom inthisdomain. inthe Identify andcoordinate ofcompanies and activities andtechnology.activities andsponsorresearch andscientificSupport development ensures accountability for negligents ….” eradicate corruption, save thepublicmoney and ofdutiesandresponsibilities.performance Help enhacenhancement ofcompetencies, improve review auditorganizations, inorder to ensure We haddirected theconcerned bodiesto the citizen ,whoisthefocus ofourattention. in theirpositions, we of are allintheservice “… Iaddress allministries, andofficialbodies King Salman binAbdulaziz King Salman 95 Investment Climate in Arriyadh 2015 96 The High Commission for the Development of Arriyadh • • • • The focuses Institute onthefollowing andactivities functions • • • • • • • (1) The hasthefollowing Institute mainobjectives andFunctionsRole economy. ofcontributionpurpose to buildaknowledge-based between universities andvarious related for sectors the technologies andrelated andbuildpartnerships industries The isto missionoftheInstitute develop Nanoresearch, Arriyadh. University in located Saud within thecampusofKing A scientific research center that cares of Nanotechnology, Introduction (KAIN) King Abdullah Institute for Nano Technology Nano technologies related to economic fields. and industrial Education andtraining invarious Nanotechnology fields. andsimulation ofNano materials.Modelling environment ofNanomaterials. andmanufacturing telecommunications, medicine, pharmacology, food, field ofenergy, water desalination andtreatment, Research, development inthe andappliedactivities level andNanosciences andtechnologies. awarenessRaise onthescientific socialandeducational local research institutions. field ofNanosciences and research withuniversities and Develop astrategy ofcooperation andcoordination inthe colleges. Promote andresearch Nanoprojects inuniversities and research inthedomainofNanosciences andtechnologies. Prepare infrastructure required for development and sciences and technologies. Develop academic programs in universities linked to Nano domain. Attract scientists andresearchers whoare talented inNano technologies. inthedomainofNano Develop and qualifylocalexpertise Institute website:Institute www.nano.ksu.edu.sa. (1) : Saudi AramcoSaudi following andprograms activities of the CenterResearch functions are reflected through the energy andpetroleum. basis oftheKingdom’s world-leading role inthefieldof and policiesbothdomesticallyinternationally onthe and ideas related to energy, environment as well as strategies The Center aspires to beaplace for exchange ofexperience andKeyRole Functions Arriyadh. been developed by in Aramco Saudi withits headquarters power, environment andfuture policies. This Center has This isascientific center that researches inpetroleum, Introduction Center (KAPSARC) King Abdullah Petroleum Studies andResearch (2) USA, Egypt andUnited Arab Emirates. Netherlands, thePhilippines, Korea, South Singapore, the ventures andoffices and companiesinChina,Japan,the transfer.pertroleum As well as affiliated companies, joint AramcoSaudi operates oneoftheworld largest fleets for provision ofgovernment earnings. revenues andexport contributes significantly to the growth ofGDPandthe AramcoSaudi isapillarofthenational economy, and andKeyRole Functions Dhahran. Aramco. asSaudi known The Company’s are in headquarters owned by Government theSaudi andfrom that date was interest inAramco andin1980thecompany becamewholly Arabianthe Saudi Government acquired 25%participation California Arabian Standard OilCompany (Casoc). 1974 In Arabiain 1933,whenSaudi granted anoilconcession to The Arabian OilCompany American (Aramco) was established • • • • • King Abdullah PetroleumKing Studies www.kapsarc.org. andResearch Center (KAPSARC): Environment andCarbon Management Energy andEnvironment Technologies andEconomiesMarkets of World Energy andEnergy Efficiency Productivity. Activities. Development ofLocal andEconomic Energy Sector (2) : (1) listed Stock intheSaudi Exchange (TADAWUL). and othercountries oftheGulfCooperation Council. SABICis remaining 30%are heldby private investors Arabia inSaudi Arabian Government owns 70% of its shares, and the SABIC isapubliccompany basedinArriyadh. The Saudi and environmentally. into ofhighaddedvalue products economically industrial investment ofplentiful hydro resources carbon to beturned established in1976basedonanambitiousstrategy for the specialized products, and minerals. was fertilizers It petrochemicals andisaleadingglobalproducer ofpolymers, SABIC isoneoftheworld’s leadingcompanies indownstream Corporation Industries Basic Saudi (SABIC) the Kingdom development ofhuman resources within the company and Aramco promotes actively private growth, sector andthe the refining, and distribution related industries.Saudi to increaseKingdom the added value through of projects the optimumexploitation of hydrocarbon resources ofthe and energyfriendly efficient fuels. The company ensures also focuses onthedevelopment ofmore environmentally and development to improve of oil. rates It of extraction The company continues to increase itsinvestment inresearch oil, hasbecome anintegrated globalpetroleum company. Aramco,Saudi once famouspurely asagiant producer ofcrude www.saudiaramco.com For information pleasevisitAramco further website: forward by HRHPrince Mohammad. ofPetroleum accordingthe Ministry to thenewvisionput was approvedIt to restructure ARAMCO. andseparate itfrom Crown bin Abdulaziz, bin Salman Deputy Mohammad Prince. consisting often membersheadedby HRHPrince CouncilA Higher oftheCompany hasbeenestablished Saudi AramcoSaudi in75 Years: www.saudi aramco.com. value to hydrocarbon resources. that willcontributesector to providing additional developmentimportant inthisboomingeconomic isanpetrochemical It industriesintheKingdom. This represents hugeproject anew era of industries. local investment andotherrelated inservice for ofcreatingobjective private opportunities for nationals. Saudi isalsoconsistent It withthe economy andprovide increased jobopportunities strategy to attractforeign investment to expand its the Kingdom. oftheKingdom’sThe ispart project for more diversified downstream developments in industrialization Arabia. isaplatform inSaudi It Petro for increased presents Rabigh anopportunity (1) . For more information onSABICpleasevisit:www.sabic.com • national income inthe Kingdom. SABIC isakeycontributor to development industrial and world markets. whichenhance SABIC’sand technical services presence inthe coupled withthehighestprofessional andquality quantity SABIC enjoys inboth anabundant capacity production of producing iron East. andsteel intheMiddle of fertilizers, polymers, andchemicalsisintheforefront companies, andisoneofthelargest producers andexporters SABIC isoneoftheten largest globalpetrochemical andKeyRole Functions • andKeyRole Functions Arabia’sof Saudi mineral resources. March 1997for offacilitating thepurpose thedevelopment Ma’aden was formed joint asaSaudi stock company on23 ArabianSaudi Company Mining (Ma’aden) processes, legal, andauditing. human resources, thedevelopment ofmanufacturing unitssuchasresearchsupportive andtechnology, finance, Products, Fertilizers addition there and Metals. In are other Units: Basic Chemicals, Intermediates, Polymers, Specialized SABIC runsitsoperations through sixStrategic Business third pillar of Saudi industry through existing mega-projects third industry pillar of Saudi Ma’aden focuses ondeveloping asthe theminingsector 97 Investment Climate in Arriyadh 2015 98 The High Commission for the Development of Arriyadh o frhr nomto pes vst aae website: Ma’aden visit please information www.maaden.com.sa further For • • • (1) Holding Company thiscontext, Riyadh In Techno Valley andRiyadh Valley economy.that contribute to thecreation ofknowledge-based companies andprovisionof knowledge ofhigh-income jobs outcomes from research in new technology, establishment endeavours to anddevelop attract innovation andinvest in Riyadh Techno Valley investment isaknowledge center that Objectives Riyadh Techno Valley Project (RTV) For detailsvisitCompany further website: www.nwc.com.sa. of acommercial ableto develop facility andgrow. confidenceand community through effective performance domain ofwater and sanitation, while focusing oncustomers provides inthe for services seamlessandreliable world-class strategic organizational economic vision management. Its best businessmodels, regional expansion andexecution of of (quality, qualification and cost) process, identification of independent businessunits, localexpansion, improvement through thedevelopment ofnewprojects, creation of NWC aspires to have aleadingrole community intheSaudi andKeyRole Functions the state represented by Public Investment Fund. theseinto andturning ajointsector venture totally owned by of subterraneanthe sector water, potable water distribution stated8/27 dated theapproval 4/9/2006. It onrestructuring andthedecree ofthe Supreme Economic CouncilMinistry execution after inthe oftheprivatization policy Electricity of 5 on21/1/2008, emanating fromWater theMinistry and A joint stock company founded resolution by theMinisterial National Water Company (NWC) • • • withstrategicArriyadh to: objectives sale and marketing ofjoint reflected.sale andmarketing products to withrespect the willalsoprovideThe expertise partners its own board andmanagement. tosubsidiaries facilitate andeachhas strategic partnerships Ma’aden’s businessunits operate through separate class partnerships. through strategicminerals industry national andworld- Ma’aden plansto become aglobalplayer intheminingand Kingdom’s economy. a catalyst for thedevelopment anddiversification ofthe and expansion aswell asfuture endeavours andbecoming establishment of Riyadh establishment of Riyadh Valley HoldingCo. University’s Saud ofKing Resolution Board Number 1to approve Riyadh Techno Valley Project and and development. and international investment specialized firms in research Create astimulating andattractive environment for national and development centers locallyandinternationally. Promote cooperation between theUniversity andresearch economy andachieve sustainabledevelopment. Transfer anddevelop the national technology to serve (1) were founded University in Saud inKing www.rtv.com.sa For information onRiyadh further Techno Valley pleasevisit: the Technooutside Valley. for students andgraduatesopportunities by 2020withinand commercial experts. These willprovide about 5,000 job andindirectly,directly about3,000researchers and12,000 research are projects invested andinplace to employ, Dozens ofcompanies andlocal, regional andinternational contribute to investment inresearch industries. industrial, commercial andtechnological systems efficiently paves theway where for society up-to-date modern urban investment inthefieldof research and technology, and major industries. It development ofknowledge-based Riyadh Techno Valley for is a unique new project the • • • • • Enhance competitiveness ofthenational economy. Develop theUniversity’s resources for financialstability. inlinewithdevelopmentemployment plans. opportunities arenas, developbased industry thelabourforce and Provide inknowledge- distinguishedjobopportunities education andrequirements oflabormarket. university students to harmonize between outputsofthe ofall Enhance andskills theutilization ofknowledge innovators andgeniuses. Discover, andforeign andadoptSaudi attract talented development environment inthe Techno Valley. based economy and enhance research and development, andthework to buildsustainable- qualified competencies inthe fieldof research and scientific oasis, basedonprovision ofhighly forinfrastructure thesuccess necessary ofany Riyadh Techno Valley seeksto establishan TechnoRiyadh Valley Foundations (1) www.sidf.gov.sa informationDetailed isavailable at SIDFwebsite: Fund till2012/13: The following tableshows cumulative loansprovided by the • • • • • such as SIDF provides sector, fundingforoftheindustrial allactivities Projects Financed by SIDF government agencies. industrial development programs incollaboration withrelvant of realizing goals andpoliciesoftheKingdom’s industrial government body established in 1973 with thepurpose DevelopmentThe Fund Industrial Saudi (SIDF)isa Development Industrial Saudi Fund (SIDF) funds are thefollowing: the Kingdom. ofthesedevelopmentThe mostimportant funds in with Arriyadh branches throughout the regions of to investorsfinancial services through several government The Arabia Government ofSaudi offers oftheKingdom Other Industries Other Industries BuildingMaterial Other Cement Industries Consumer Products Industries Engineering Industries Chemical Industries Saudi Fund Saudi for 2013/14. Development: Annual Report, Building materials industries Cement industries Consumer industries products Engineering industries Chemical industries Credit Funds intheKingdom Financial and Services Theme Five: Sector Total Cumulative Loans Provided by (1) SIDF upto 2013/14) (million Riyals) Loan Amount 112,095 12,177 11,515 19,103 22,561 43,928 2,811 (1) 10.9 10.3 17.0 20.1 39.2 100 (%) 2.5 term loanswithavalue ofSR1.033,824. loansand4,193 for medium– financing 331short-term 10,483,800, totaling 4,524loans, ofwhichSR14,556 thousand 2013/14total loansprovidedDuring by theFund was SR • • • • • Funded Projects sustainable agricultural development. loansandcredit facilitiesforsoft ofachieving theobjective inallregionsactivities Fund oftheKingdom.The provides specializes in providing finance for agriculturalvarious This government financinginstitutionestablishedin1963 Arabian Agricultural Bank) Agricultural Development Fund (Formerly Saudi (2) • • Funded projects 10 billionwhichhasgrown to SR31billionover theyears. It began with a capital of SR SFD is financially independent. exports. non-oil development projects,help financingpriority andsupport loans to governments of developing countries with a view to operation in1975. and started The isto objective provide soft The Fund Saudi for Development was established in 1974 FundSaudi for Development (SFD) Fund. Please visit:www.adf.gov.sa For information ontheAgricultural further Development Agricultural storage projects. andmarketing projects. Livestock, poultry, breeding fish, shrimp and fishing Projects that are smallandmediumenterprises. Agricultural cooperative association projects. water-saving techniques. Projects that technologies usemodern andresettlement of Ministry ofAgricuture, 2013/14. Annual Ministry Statistics Book, Finance andguarantee ofexports Development Projects • • • • • to SIDF’s pertaining policies Main lendingrules industrial licenses. and national andforeign companies having Loans are provided to individuals, institutions not exceed 15years. The terms of loans provided by the Fund do documents. supporting progress project the actual andsubmissionof Loan disbursements are inaccordance with not lessthan25%oftheirprojects’ costs The Fund stipulates projects’ owners finance commercial production of than oneyear haspassedsince thestart working capital, provided that notmore of fixed assets, incorporation expenses and - 70% in less developed areas, of the costs The Fund finances industrial projects by 50% (2) 99 Investment Climate in Arriyadh 2015 100 The High Commission for the Development of Arriyadh (*) The reason that thenumber ofloansagreements exceed and programs thenumberof projects isdueto the (1) Ibid. For information onSFDplease visit:www.sfd.gov.sa further until 2013/14. The following countries tableshows numberofbeneficiary fact that receive someprojects fact more thanone loan. • • • • • • • • of process, risksandlegalstatus oftheparties. safeguard therights oftheSFDaccording to thetype The program guarantees meetsthenecessary to operations oftheprogram. The ortheU.S. Riyal useoftheSaudi dollarinall the value ofunsettledexports. insurance andguarantee upto willbe 90%of services one year andtwelve years. The percentage ofcredit associated. The terms offunding ranges between the process andthecommercial risks andpolitical andthenature ofexports of onthetype depending SFD may finance up to 100%ofthe value of exports nolessthan25%. shallbe exported to be andservices toThe goods national value-added andprojects. ofservices agricultural andexports goods intheoilsector,products andindustrial industries, includingsecondary manufacturing The national of shallbe commodity andservices not exceed 10%oftheSFDcapital. The total amounts of loans granted to any shall country the SFD’s capitaland50%ofthetotal cost oftheproject. The loanamount for shouldnotexceed aproject 5%of Loan amount shallbepaidandrecovered Riyals. inSaudi that willbefinanced. SFD the economic and social feasibility of the project The loanreceiving shallconfirm country andprove to Benefiting Benefiting Countries Rules ofFinancing Development Projects 81 Insurance andGuarantee Service Rules of Export Credit Rules ofExport Number 516 Projects 41,585.39 Amount SFD from 1974/75to 2013/14 Cumulative Contributions of Number 26 (billion Riyals) (1) Programs payments andSR13,323millionfor netloans. in 2014/15reached SR16,017million,2,694millionfor to SR77,045millionin2013/14. The Fund’s expenditures 2014/15loanvalues amountedIn SR90,395millioncompared • • • • • • • • Projects Financed by PIF both. of insufficient experience orinadequate capital resources or be implemented by theprivate aloneeitherbecause sector for thedevelopment ofthenational economy andcannot are ofacommercial nature andare strategically significant is toto productive provide which projects financingsupport PIF was established in 1971. The of establishing PIF purpose The Public Investment Fund (PIF) SAMA, Annual Report 51,2015 (2) SAMA, Annual Report of the housing loan provided by REDF from SR 300,000 to SR A Royal Decree D/64issuedon18/3/2011raised theceiling and commercial purposes. theirownthem construct homesaswell asfor investment in 1974to provide loansto citizens andinstitutionsto help The Estate Real Development Fund (REDF) was established Real Estate Development Fund (REDF) For information pleasevisit:www.mof.gov.sa further Cooperative Insurance EstateReal and Hotels Information Technology Electricity, water andrailways projects Fertilizer andpetrochemical factories. Iron andsteel factories. Crude oilandpetroleum pipelines. distribution products petroleum storage products tanks. Oil refineries, lubricant refining and processing and Amount 737.61 (1) Number 542 Projects &Programs ( * ) Amount 42323 (2) Signed Loans Agreements 563 ( * ) well-trained youth Saudi (both male and female), to realize The Fund contributes towards providing qualifiedand founded in2000withbranches allover theKingdom. HRDF isafinancialanddevelopment government body, Human Resources Development Fund (HRDF) (1) For information pleasevisit:www.redf.gov.sa further No. ofOrders Spent Amounts Residential Units No. ofLoans of theKingdom Total loansgranted since inception till2013/14inallregions • • Financed Projects loans. onthenumberofprovided500,000, andensure noimpact SAMA, Annual Report (51),2015. SAMA, Annual Report projects. Loans to invest inreal estate, residential andcommercial Housing loans. • Investment loans • • • • disbursed asfollows: Payments against individuals’ loans will be Individuals’ Loans used for mustbesubmitted theproject to REDF. whichever is less. A copy of the deed of land that will be total cost project asestimated by theowner orREDF million. However, theloanshallnotexceed 50%ofthe The upperceiling oftheinvestment loanisSR10 theentire building. themortgage 15% after internal andexternal flooring. thecompletion35% after ofthework oflaying the skeleton. thecompletion 40% after ofthebuildingstructure contract. 10% following oflandandsignature themortgage of (1) : 492,733 236,040 million 906,978 755,801 www.hrdf.org.sa For information onHRDFprograms further pleasevisit: • • • • • • following objectives: workforce to employ intheprivate andachieve sector the The Fund of rehabilition ofnational efforts aimsto support benefits.economic andsecurity the strategic ofproviding objective thenation withsocial, (2) were 2013/14,4,168 projects In financed, inaddition to • • • • entrepreneurs through The Centennial Fund to provides young services Fund. Arabiaof Saudi from whichittakesitsname The Centennial of theKingdom’s foundation Abdulaziz, by thefounder King businesses. The Fund was established in honor of 100 years youth ofboth genders to establishtheirown commercial foundation. The Fund aimsat rendering assistance to Saudi by theRoyal Decree private D/190,1998asaSaudi charity The Centennial Fund isanon-profit organization established The Centennial Fund advice for enterprises responsible for this. the national workforce. Provide technical andadministrative researchConduct andstudies relating to rehabilitation of new technologies. orapplying enterprises whichare theiractivities extending train andrehabilitate national workforce, andfor existing Provide enterprises loansfor that newly-established employment. studies aimed at employing to Saudis replace foreign financingoffield programs,Support plansand projects, conditions.board ofdirectors setsnecessary The employer of the salary. bears the remaining part The with theFund (theFund pays for nomore thantwo years). rehabilitated to work intheprivate sector, incoordination Pay of each employee’s part salary, being trained after and benefits from rehabilitation ofthetrainees. rate. The remaining rate ispaidby theemployer who The board ofdirectors oftheFund determines participation Participation incosts ofrehabilitation ofnational workforce. workforce to beemployed intheprivate sector. Provide subsidies for rehabilitation and training of national CDSI, Annual Report (51,)2015. CDSI,Annual Report relations, facilitiesanddiscounts whenpurchasing supplies. insurance, computerandpublic marketing services, and suchastraining, services services banking Support centers ofSAGIAservice throughout theKingdom. Facilitate government procedures through comprehensive owner. Counseling by providing advisorsorguidesto eachproject interest-free loansfrom SR200,000to SR500,000. Partial ortotal fundingto entrepreneurs intheform of (2) 101 Investment Climate in Arriyadh 2015 102 The High Commission for the Development of Arriyadh CDSI, Annual Report, (49). (1) CDSI,Annual Report, was 1,912. Albilad,Inma, BankAlJazira. The total numberofbranches Samba, Investment Saudi Al Rajhi, Hollandi Bank, Bank, Saudi Fransi Bank(SABB), British Saudi Arab National Bank, Bank, Saudi banks: NationalSaudi Commercial Bank, Riyadh Bank, commercial banksoperating intheKingdom. This includes12 theendoffiscal By year 2014/2015 there were 24 Banks Saudi Banks CommercialSaudi andBranches Banks ofForeign the Bank’s website: www.scb.gov.sa More information canbefound Credit ontheSaudi on Bank, million in2012/2013. for theyear 2013/14were SR84,828 million, andSR25,257 up to the fiscal year 2014/15 was SR36,949,000. Total loans Total current loansprovided by theBanksince inception • • • • • • • Projects Funded by SCB 2006. SCBhas26branches throughout theKingdom. citizens. SCBwas establishedin1971andlater amendedin Government Arabia ofSaudi intheprovision ofloansto The Bankisconsidered to beoneofthecornerstones ofthe CreditSaudi (SCB) Bank the Fund’s website: www.tcf.org.sa More information on the Centennial Fund can be found on 10 organizations intheGulf region. 10,000 future projects, 20national andworld initiatives and Small enterprise sponsoring program.Small enterprise sponsoring Taxi andschoolbusprojects. handicrafts). Professional (technical, projects professional and requirements). (marriage, projects houserepair,Social andotherfamily medical). (educationalSmall projects program, industrial, services, The HadafProgram ofsmallenterprises. for thesupport oftheSCB, namely: the socialpolicy enterprises, aswell owned asprojects by individualswithin by smallandemerging undertaken projects SCB supports • • • enterprises. of small andemerging projects in supporting 38 governmental andcivilagenciesinterested The Credit Saudi coordinates Bank withover not exceeding 48months. The taxiloanispaidbackinmonthly installments loan isSR200,000. The maximumamount ofaprofessional project (1) Branches ofArab andForeign Banks Ibid. (3) (*) Assets figures and total are different due to roundingfigures tothenearest Riyal. million (51),2015. (2) SAMA, Annual Report not commenced operations.). and (China Bankfor Industry Trade hasbeenlicenced buthas National BankofPakistan, andState Bankasi, BankofIndia. BNPParibas,Bank, Bank, JPMorgan, Deutsche T.C. Ziraat Kuwait, Emirates BankMuscat, Bahrain National Bank, Dubai EmiratesGulf International Bank, NBD, National Bankof result, 12Arab andforeign banksare present Arabia; inSaudi and foreign banksto As openbranches a intheKingdom. Kingdom haveRecent financial policiesofthe allowed Arab Other Liabilities Other Capital andReserves Foreign Liabilities Bank Deposits SAMA Bills Liabilities Other Liabilities ofthePrivate Sector Foreign Assets Bank Reserves Consolidated Financial Position ofCommercial Banks in theKingdomby theEndof2013/14 Total ofLiabilities Total Assets Description

( * ) Liabilities Assets (3)

(2) (million Riyals) 2,132,577 2,132,577 1,575,579 1,256,210 216,610 248,111 225,993 185,687 251,613 213,073 92,277 Value (2) Ibid. (1) • thefiscal during year 2014/15: activity The following data shows development ofcommercial bank range of integrated, services andhigh-tech modern banking the national economy toAbility serve through providing a full phoneapplications. andsmart internetbanking, services technologies,advanced banking includingtelephone expansion ofoperation and application of Remarkable Growth by ofcapitalandreserves 6.3%. by 12.6%and depositsby 5% Promotion offinancialpositionsandincrease of total assets Increase ofgeneral activities year 2014/15withthefollowing highlights: Commercial banksshowed inthefiscal goodperformance commercial banksinmanaging theirfinancial resources. systems ofcommercial of banksaswell astheperformance SAMA to boost bank liquidity, improve management risk development inadditionto projects procedures takenby rates. This is due to ongoing government spending on Arabia inSaudi hasachieved sector robustbanking growth inthecapitalmarkets,Despite the the globalfluctuations Statistics Activity ofBanking Assets grew by 12.6% to SR21,326 billion. (1)

Ibid. (2) end ofthefiscal year 2014/2015. has grown to SR 313.1 billion by in the second the quarter The numberofconsumer loansgranted by commercial banks • • Credit Cards Vehicles andMachinery Improvement EstateReal Restoration and Other Tourismand Travel Health Care Education Furniture andDurable billion. offoreignDeposits grew currency by 19.4%to SR251.6 billion. Private depositsincreased sector by 11.8%to SR12,562 Consumer Loans to andCredit Individuals Cards (2) Description Total Loans 2014/2015 Value 313,100 245,398 35,880 25,604 9,667 5,455 (million Riyals) 103 246 414 (2) Rate (%) 78.38 11.46 8.18 0.03 0.08 0.13 1.74 100 103 Investment Climate in Arriyadh 2015 104 The High Commission for the Development of Arriyadh (1) • • • • DevelopmentSocial • • • • • • • Economic Development • • • First Objective: 2015/16– 2019/20 ofthe Objectives Tenth Development Plan Preparation ofthisreport information to bedetailed. ofPlanning,been stated withfurther through theMinistry Tenth Development and policies have Plan.objectives Some was preparedThis by Report thebeginning of2014. development fields. women andraise theircontribution toSupport varios best contribution to development process. Improve competencies andphysical abilitiesofyouth for experience. and expand options of acquiring knowledge, skills Development ofhumanresources, raise productivity, standard for oflivingandquality segments. allcommunity Optimal investment inresidential resources, improve inorder toproductivity realize development objectives. Increase contributions oftheprivate andraise sector their contribution to GDPandresettlement ofemployment. Develop small andmedium-sized enterprises andincrease enviromental ofwildlife. protection andpreservation economy, diversify their resources, ensure sustainability, Increase addedvalue ofnatural materials inthenational ofnational thelevel economy. ofproductivity Raise andcompetitiveness.stability ofthenational economy,Expand capacity enhance growth, society. knowledge-based economyEncourage and transition to aknowledge-based thevarious dimensionsofeconomicDeepen diversification. Enhance National Unity. Kingdom’s identity. valuesMaintain andteachings ofIslamandconsolidate the andconsolidateunity Arab Saudi, andIslamicidentity: Islamic valuesMaintaine and teachings, promote national Investment intheKingdom Outlook Tenth Development Planand Theme Six: (1) coincides withpreparation ofthe • • • • • • • • • • Organizational andAdministrative Development activity. Development ofcultural movement andupgrade media care to theentire population. Provide comprehensive andaccessible highquality health ofoptionsthat meettheirdemands.variety Facilitate citizens’ access to adequate house according to employment andreduce unemployment. Provide for appropriate national job opportunities networks. Strengthen socialsafety, care, familyandchildhood Enhance the role worldwide. oftheKingdom relations withIslamic countries countries. andfriendly Council (GCC) andArab Countries. Improve theKingdom’s economicDeepen integration withGulfCorporation integrity protection andcombatting corruption. Strengthen ofaccountability, theprinciples transperacy, kingdom. Achieve balanced development between regions ofthe maintenance follow-up. implementation. Develop execution mechanismsand Upgrade ofprogram quality application andproject and officials. ofthe State’s andefficiency upgrade productivity bodies and firms Enhance civil society institutional reform, support period from 2015/2016to 2019/2020. The Tenth Development Plan covers the strategic planning. courses andthefuture visionofalong-run inthecontextsector ofthedevelopmental and theindicative planningoftheprivate directive planningofthegovernment sector past four decades. This approach combines Arabia hasendeavoured to follow duringthe to thedevelopment approach that Saudi The Tenth Development Plan isintegral 105 Investment Climate in Arriyadh 2015

Investment Opportunities in Arriyadh 108 The High Commission for the Development of Arriyadh within no more than one month, information electronic exemption procedures to ensure faster transactions environment. These includethesimplification ofcustoms procedures have beendeveloped to improve theinvestment major investment agencies. Administrative andlegal Arabia ofSaudi andthelocation ofall of theKingdom that it is the administrativeamong them the fact capital Arriyadh’s enhanced by othermerits, positionisfurther financial its rolecenter. asaworld-class to strengthencenters East. islooking Arriyadh intheMiddle investments commercial andoneofthemostimportant isastrategicArriyadh center for national andforeign (1) published by the World Bank included in the Business Competitiveness‘Doing Report’ oneoftheworld’sKingdom top ten competitive countries Plan implemented through SAGIA the aimsat making Embassiesabroad.Saudi The Kingdom’s Strategic Investment Arabian General Investment (SAGIA) Authority establishedin Arabia,businessmen visitingSaudi andoffices Saudi ofthe procedures have beensimplified,for allowing easierentry Development Fund. Industrial of theSaudi addition,visa In Development financingandservices to subsidize export projects,sharing facilitiesprovided by Fund theSaudi for SAGIA: 2005-2010Strategy. (1) . 899 public utility projects at projects acost ofSR110billionrepresent899 publicutility areprojects delayed orstalled. 64% is therate 17% of under construction, of projects Completed represent projects 89%oftotal value, projects 2015/16. during withatotalprojects value ofSR509billionto beimplemented projects. showedvarious sector Results availability of4,821 based onaninformation system that provides instant data on intheprojects participate projects. 45development parties give decision-makers and stakeholders a clear vision of the mechanisms for coordination between various bodies and aims to count andfollow-up oftheregion, projects create the executive programs regional ofArriyadh plan. The project Commission for theDevelopment to ofArriyadh beoneof founded pursuant to ofHRHPresident direction oftheHigh A program offollow-up was Region ofArriyadh projects Arriyadh The Commission High for theDevelopment of the Government Agencies andOther Investment Offered by Opportunities Theme One: the network withatotalthe network cost ofSR7,650million. Establishment ofthe Generation PlantThirteen andlinkitto SR 48,559million. are: The mostimportant Total theregion that projects serve is209withatotal value of (1) billion representing 8%oftotal costs project intheregion. numberedHealth projects 279 with a total cost of SR 30.1 networks, developments. railways andairport 128 billion,33%oftotal values. project These includeroad There at projects atotal were sector cost ofSR 479transport cities.industrial financial and technology cities, hotels andoffice towers and cost ofSR 41billion,11%oftotal projects’ value. These include There were 116 economic development at projects a total schools andtraining institutes. representing 8%whichincludeuniversities, colleges, public 795 educational withatotal projects cost ofSR32.8billion water, electricity, sanitation and storm drainage. There are 29% of total costs of the region’s and include projects CommissionThe High for theDevelopment Projects’ ofArriyadh, Follow upprogram- Eighth Report-2015. Saudi andforeignSaudi private sectors. apositivereflects investment climate for the investment.authorities supervising That ofmajor andtheheadquarters Kingdom, with beingtheadministrative capitalofthe East. in theMiddle This location isenhanced location being one of the commercial sites Arriyadh constitutes anattractive strategic parties. the private andforeign sector investment investment available for opportunities some government bodies offer several privatization adopted by theState, policy For thepurposeofimplementation ofthe (1)

109 Investment Climate in Arriyadh 2015 110 The High Commission for the Development of Arriyadh Ibid. (1) the firststageisSR37,827million, representing 9.6%ofthe Abdulaziz King Transport Project City. inArriyadh Total cost of 291,424 million. reached projects City Arriyadh 1,409withatotal cost ofSR 208 million. roadsMain Region in Arriyadh with a total projects cost of SR andtotal costwith atotal ofSR240million. lengthof147km The ofcompletion project ofArriyadh/Al rayn/Bishah Road plants withatotal network cost ofSR913million. The of enhancement project and improvement of distribution Stalled Delayed Not Completed Completed Economic Development Sector andHousingSector Public Services Transport Sector Sector Health Services Sector Educational Services Public Sector Utilities Charity Government andPrivate Private Government South DevelopmentSouth Centers (Dawaser Governorates) andSulayyil Western Development Centers (Dawadami, Kwekaa, Afif,Marat Shaqraa,Governorates) Development CentersNorth Governorates)Gatt Zulfi, (Mujamah, Eastern Development Center (Al-Kharj –Al Aflaj –Hotat Bani Tamim, HareekGovernorates) Central Development Centers (Arriyadh, Addiriyah, Rimah, Muzuhimiah, Horemilaa)Thadek, thewholeRegion Projects Serving (1) Projects by Clusters ofDevelopment Centers andGovernorates Projects by Clusters ofDevelopment Centers andGovernorates Project Type Project Type Project Project Status Projects by Development Sectors Arriyadh Projects 2015 Projects by Project Type The of designing project andimplementation of Terminal 5 cost ofSR1,562million. The of connecting project Twelfth Power Plant with a total of SR1,688million. BuildingsOffice (Phase 1:ITProject Complex) witha total cost buses was signed withatotal cost ofSR7,856million. ofmaintenanceA contract oftheproject andoperation of SR 29.592million,10.13%ofthecompleted project. 9.5% ofthecompleted project. The cost ofthethird stageis completed project. The second stagecost is22,282million, (1)

Number ofProjects Number ofProjects Number Number ofProjects Number 2.871 1.944 4.304 1,093 1,813 643 148 850 116 479 279 795 899 208 235 176 634 587 209 74 (billion Riyal) (billion Riyal) (billion Riyal) Total Cost Total Cost Total Cost 128.272 110.322 121.643 313.742 296,601 31.646 40.766 41.088 30.106 32.897 286.34 42.406 14,055 48,559 11,748 26.34 71.35 5,032 9,096 2.31 % well Center. asthearea Abdulaziz Historical nearKing ofCulture andInformation as and neartheMinistry Alhokm, intheareagovernment located departments southofQasr administrative center that accommodates ofthecity more The planalso focuses ontherole ofthedowntown asan Aldahera, Aldaho, andAlsalam Park. QasrAlhokm passing by heritage, in landmarks cultural and entertainment inthesouth, village to beestablishedinShumaisiQuarter to Center the heritage Abdulaziz Historical King inthenorth creation ofacultural tourist path from heritage extending historic Aldahera andAldaho districts. The planincludesthe buildingsby ofheritage developmentpreservation of walls asanarea ofArriyadh withspecialcontrols that include The development planconsiders thearea withintheold thearea asawhole. andcity thatpublic parks serve expansion ofAlsalam Park from theeastandcreation of Center. Abdulaziz Historic of King The planalsoincludes footpathspedestrians and creation of open areas in the south stations aswell astheestablishment ofsafetransport through providing publicsquares withpublic connected The planfocuses onincreasing openareas andgardens areas indifferentallocation ofparking parts. of intersections, improvement areas ofpedestrians and as well as the establishment of new roads, rehabilitation rehabilitation ofroads inacircular path that surroud thearea A comprehensive planwas setthat includes transportation of life. to increase population inasecured area withagoodquality different densitiesandcreation of residential unitsinorder center,of thecity redevelopment ofresidential areas of are development ofhousinginanumberneighbourhoods an area of15km Street Abdulaziz BinMohammed south andImam inthewest, and Ammar Bin Yaser Street, by connected Asha Street inthe Street that inthenorth by isconnected OmarBinAlkhattab The planidentifies downtown fromArriyadh starting Washim public utilitiesineacharea. security, aswell astheimprovement ofroad and networks balance, expansion of open areas, enhancement of urban housing patterns, achievement ofsocialanddemographic increase diversification ofemployment opportunities, of as existing commercial activity. The benefitsincludethe ofarchitecturalpreservation andcultural aswell heritage and cultural center at thenational level through the downtown area into ahistorical, administrative, economic The oftheprogram purpose isto transform Arriyadh’s CenterArriyadh Development Program investment opportunities. The mostprominent are: Commission for Development offers ofArriyadh numerous Within itsdevelopment theHigh planofArriyadh, a total cost ofSR1,490million. with and related InternationalAirport Khaled facilitiesat King 2 . The mostprominent features ofthisplan • • (2) (1) Main available andinvestmentMain activities opportunities • • • • follows: The geographical boundariesofeachlocation are as and financial complexes. governmental administrative complexes andcommercial institutions, healthcenters, promotion andcultural activities, majoreducational services, and associated support significant investment in residential areas opportunities andservices. ofactivities a variety They therefore offer communities with are sub-urban sub-centers Arriyadh Arriyadh Sub-Centers exhibition centers, hotels, places andothers. entertainment Development ofrelatively including projects large-scale companies. Commercial areas, andmarketing offices, banksand CommissionThe High for Development at theCommission. Investment ofArriyadh, Opportunities CommissionThe High for Development ofArriyadh. Tatweer 67,2013. Magazine map . in theeastandwest are boundaries shown onthelocation Street Medina inthesouth, Street inthenorth, Wadi Hanifa The western liesbetween Prince sector binAbdulaziz Mishal and west isasshown onthelocation map. inthenorth, Road Wadi Hanifaintheeastandfrom south The south-western lies between South-West sector Ring west. inthesouthandAl-Haer Street Road the Eastern Ring inthe liesbetween NasrStreetThe sector southern inthenorth, inthewest. Road and theEastern Ring ibn HanbalStreet inthesouth,Janadriyah Street intheeast, Ahmad Imam Street binMegrin Mohammed inthenorth, The islocated eastern sector between Prince bin Saud (1) (2)

111 Investment Climate in Arriyadh 2015 112 The High Commission for the Development of Arriyadh investment suchas: opportunities The implementation will result of these projects in numerous Abdulaziz Road.Air Base, andKing Abdullah Road King through ofAbu BakerandOrubaRoads extension Arriyadh andthe International Airport areasKhaled project ofKing theimplementation of a road inthe network supervising CommissionThe High for theDevelopment is ofArriyadh Roads Projects andAvailable Opportunities to thepublicsector.sector with hightraffic densities, against payments privatefrom the such asthecommercial zones, hubsanddowntown areas concessions onmainroads for thebestutilization ofparking is widespread around theworld. Another way isby obtaining returned to thegovernment sector. ofinvestmentThis kind to beinvested andthen period inover apre-determined This canbe offered by establishing multi-storey parking Parking Areas Density inHigh • • • • public medicalcenters. institutes andspecialized colleges inadditionto private and Private orpublicuniversities andcolleges, technology points for residents by ofthearea thecenter. served and green areas asdestinations andattraction to serve ofplaces forA variety familyrecreation, parks, playgrounds activities. exhibition centerscelebrations andother andartistic suchaspubliclibraries, festivals, activities Multi-cultural areas away from center. thecity towards allsocialclassesespeciallyto familiesresiding in Preparation geared activities ofcultural andentertainment • developing Historic Addiriyah Investment withintheprogram of opportunities (1) • • Addiriyah investment inHistoric include: Other opportunities • • • for theprivate sector. All ofthepreviously mentioned are investment opportunities and traffic management systems. monitoring systems ofsecurity aswellInstallation assafety Tree planting, paving irrigation, andlighting works. centers. Petrol stations, cafes, restaurants andvariouscommercial average area of40m PlazaShops inAl Bujairi (Addiriyah Park): 86shopswithan development ofAddiriyah City, Historic 2009. CommissionThe High for theDevelopment investment ofArriyadh: oftheprogram of opportunities to visitor centers. andsouvenir shopsinmuseumsAlGift Turaif inaddition andAlSnack stallsinAl Bujairi Turaif. for thesuccessnecessary ofthisinvestment project. to andallservices is providing thehotel, transport parking development planandmethodology oftheregion and also is designing and building this hotel according to the The Hotel Heritage (west ofAl Turaif Square): theinvestor and restaurants for familiesandindividuals. buildingsusedasshops shops whichisadobeconstructed Al Turaif has38 thismarket andthefood market court: . There are 15innsdividedinto 40suites. are madeoutofmudinAl Turaif Addiriyah Square inHistoric Al Turaif innsfor (heritage dailyrent) Inns theseresidences clothes andshoes. such asfood andbeverages, traditional commodities, 2 provide services for provide Addiriyah services visitors (1)

(1) from is 20 kilometers the crossroad205 square km of King in and Arriyadh. eastern suburbs of suburb The northern approvedArriyadh schemesofbothnorthern thestructural CommissionSince 2007 the High for the Development of New Investment intheNew Suburbs Opportunities • • • • • • • • • • development ofAddiriyah City. Historic CommissionThe High for theDevelopment investment ofArriyadh: oftheprogram of opportunities AddiriyahHistoric . Compatibility systems with the urban and land use of characteristics. thesite’sMaintaining natural, andhistoric heritage cultural tourism inArriyadh. development ofthehistoric sites beingconsidered for natureand heritage andaccording to concepts of Addiriyah shallbe consistent withthecity’s environmental with the investmentDealing within Historic opportunities of theinvestment program ofAddiriyah suchas: isrelated toopportunities considerations anddeterminants in Ghosebeh square. The implementation of these in additionto restaurants, cafes andsouvenir shops Preparation ofsound, light andmultimediaservices andfolkheritage shows withinthewalls ofAl Turaif. Establishment ofseating areas andtraditional spaces for Commercial advertisements. Addiriyah. websiteInternet applications for visitors to Historic some events andsites). inAl Interactive services Turaif (audiosystems to explain and light show andseasonalevents). inAl ticketsto somesites andactivities Entry Turaif (sound between andAl Al Bujairi Turaif). systems (withinAl andtourism transport Internal Turaif and (1) heritage hotels.heritage Addiriyah are the most suitable for the existence of these available to the private sector. of and TheArriyadh old city withintheinvestmentpresented by opportunities (SCTH) The hotels isanotherinvestment heritage project project Heritage Hotels suchas projects Wadi Hanifaand Thumamah. Several locations areattention available of(SCTH). for these available to theprivate whichreceives sector opportunity the andrural guesthousesasaninvestment heritage eco-lodges CommissionSaudi for Tourism andNational offers Heritage andRuralEco-lodges Houses Guest Heritage (SCTH) CommissionSaudi for Tourism andNational thousand jobopportunities. investment whichprovide aboutonehundred opportunities camping areas andparks. are andservices These activities institutions, banks, companies’ branches, commercial malls, housing, construction, government port, hotels,services, dry includingindustrial comprises majoractivities Road. It Ring cross andtheNorthern road Road oftheEastern Ring from the is20km The of214square Eastern suburb km favourable foropportunities the private sector. and residential city. areas andasports These are investment this area comprises road networks, rest houses, technical Fahad Road. Ring andtheNorthern Road The schemeof (2) City, Executive Summary, 2007. CommissionThe High for inArriyadh oftheNewSuburbs theDevelopment Schemes Structural ofArriyadh, (2)

113 Investment Climate in Arriyadh 2015 114 The High Commission for the Development of Arriyadh (1) visit thewebsite: www.modon.gov.sa For more information oninvestment please opportunities, • • • • • • • • • • offered andothercities: by MODONin Arriyadh Following investment are the most important opportunities Authority (MODON) Property Industrial Saudi estimated at SR500billion. The total value ofinvestment is inthesesectors projects • • • • • oftheseinvestment are: important opportunities all regions includingArriyadh, oftheKingdom, The most SAGIA provides many investment spanning opportunities (SAGIA) ArabianSaudi General Investment Authority SAGIA website: www.sagia.gov.sa be promoted to willingto manufacturers hire suchplants). plant (establishment projects Model to of model projects andestablishment ofwarehouses).packaging, export storage, (transportation, Logistical projects supply, service Restaurants andcafe projects. (offices, projects mobiles, services Banking ATMs). Communications andmobiletelephone tower projects. centers. including hospitals and health Projects of medical services centers for rehabilitation ofindividualsinfactories. Projects ofvocational, technical andadministrative training Projects ofcommercial complexes by BOT system. BOT system. establishment, operation and maintenance of hotels by Hotel projects, through of investors attraction for the materials that canbe recycled. investors through communication withplants using encouraging incentives. andcooperation with Support of materials andprovision oflandfor investment with Projects sizes ofrecycling variouskinds, andspecifications to investThe intheeducation opportunity sector. to investThe inthelife opportunity sciences sector. inthehealthsector.Investment opportunities and communications sector. in the informationInvestment technology opportunities intheenergyInvestment sector. opportunities • • • • of thefollowing AbdullahKing International Gardens are composed • • • Science parks(birds, geological, butterflies, andgenebank Seed MuseumBotanical GardenBotanical Festivals square Valley walkway andwatchtowers International Garden flowers etc.) (1) • • include: willbeavailable foropportunities theprivate sector. They and Communications Center (ITCC) where many investment Abdullah FinancialKing andInformation District Technology suchas the inArriyadh projects development andservice The Public Pension isimplementing many Agency important Public Pension Agency traditions into consideration. designed inaway that takesocialcircumstances, habitsand in additionto specialplazasfor youth (females) that are Petrol stations onthenewroads andnewlyestablishedareas suchas: opportunities alsooffersThe Municipality many otherinvestment • • • willresult from theseprojects: opportunities publicplazasandothers.in Malaz, Many investment Abdullah InternationalGardens, Abdullah ParkKing King suchas projects Alriyadh isimplementing many Municipality service Alriyadh Municipality • • • Olaya Towers Project andGranada OasisProject: additionotherinvestment areIn presented opportunities in economic inArriyadh. andtourism projects malls. to the project be one of the prominent GOSI expects one ofthecapital’s largest shoppingandentertainment The site is 466,000square meters within the Granada Center, hotel tower, anda14-storey tower with250hotel apartments. ArabiaSaudi willfeature two towers; a20-storey, 480-room area. The Hotel new-buildRiyadh andResidence in Hilton with the downtown International Airport Khalid King linking is located onArriyadh’s Road, amajorcorridor Eastern Ring General Organization for Insurance (GOSI). Social The hotel Arabia’sSaudi Granada Investment Center establishedby Hilton Worldwide has signed a management agreement with Hilton Riyadh General Organization forInsurance Social restaurants andrecreational areas inITCC. Hotel investment infacilitiesfor celebrations, conferences, Abdullah FinancialKing District. Investment of commercial, office and residential centers in andsouvenir shops Gift Fast food outlets Cafes Investment shops. incommercial andservice stores. Investment inflower stalls, cafes andsouvenir and gift Investment and exhibitions. ingalleries (1) projects: production inelectricity participation the private withintheprogram sector ofprivate sector These are projects investment available for opportunities of 2,000MW. (Central) District Arriyadh that runs ongasandthecapacity are now available for oneofthemisin theprivate sector; to thepublic network. Three power generation projects The Company willprovide fuelandlandlinktheproject purchase theentire underlong-term contracts. production Company willinreturn Electricity the Saudi commit to onbuild, projects production own andoperate basis while The private isencouraged inelectricity sector to participate generation. electricity investment to theprivate inthearea sector of opportunities Company setsstrategic Electricity Saudi plansto openup Company Electricity Saudi • • • • • activities: and service The University provides investors witharange ofcommercial the beginning oftheacademicyear 2011/2012. largest educational for project East at women in the Middle This University commenced work in its new buildings as the Princess Nora Bint University Abdul Rahman relevant to theseprojects. represented andcommercialopportunities utilities inservice These willopenthedoorfor projects many investment (residential, hotel, office andeducational towers). Techno Valley University andendowments Saud ofKing to development technology and knowledge suchasRiyadh University isimplementing Saud manyKing related projects UniversityKing Saud inArriyadh Rabigh (2) Rabigh /Eastern Qarya 11/CentralRiyadh / Western Rabigh Saudi Electricity Company, Electricity Saudi Investment opportunities. activities. commercial andservices Commercial centers inresidential communities andother centers. services Airlines centers. services Banking centers.Students services Restaurants andcafes. Station /Region Power Generation Stations Available to Private Investment Sector (1) Start-up 2017 2015 2014 2014 -1,200 2,000 3,927 2,000 M.W. (1) Heavy Crude FuelHeavy Natural Gas Heavy FuelHeavy Heavy FuelHeavy Fuel 115 Investment Climate in Arriyadh 2015 116 The High Commission for the Development of Arriyadh • • the following emailaddresses: andDevelopment ofLocal atDepartment, Projects Section Aramco,Saudi theNewProjects pleasecontact Assessment For information on investment in further opportunities • • • InvestmentOther Opportunities palettes. forvehicles, householdappliances andcoloured parts plastic compositefor pipe, andexport, thelocalmarket industrial polyethylenefittings withasolid wall madeofhighdensity acute containers pipesand for andexport, thelocalmarket flat bagsmadeofpolyethylene, lotionsandmedicalbottles, for polyethylene dualfactory containers,and export, large includingpropylene films opportunities for thelocalmarket offer severalPetro Industries Manufacturing Rabigh Projects inManufacturing Opportunities The investment value isover oftheseprojects SR18billion. turbines, chemicalcatalysts andchemicalsusedindrilling. gas labs, catalysts, machinery, compressors, manufacturing casting andforming, heat exchangers, aircoolers intheoiland of thefollowing suppliesandconsumables: valves, iron are Investment available inthemanufacturing opportunities Projects andServices inManufacturing Opportunities are: opportunities by theprivate sector. oftheseinvestmentThe mostimportant AramcoSaudi for provides investment multiple opportunities AramcoSaudi [email protected] [email protected] ofpolymersandsupplyadditives.Installation provision). Supply chainmanagement (logistics, licenses andservices materials). mold design and manufacture, of testing and selection Product development centers (training, technical assistance, Other Parties Other Investment Offered by Opportunities Theme Two: www.riyadhchamber.com ChamberofCommerceplease visittheRiyadh website at: For more information ontheinvestment opportunities between SR0.6millionand22million. 38 proposed withaninvestment projects value ranging investment for businesswomen, including opportunities andprofitability.and linesofproduction It alsopresents channels,and marketing sales, land space, andlaborrequired, projects. providesThe financial analysis directory ofprojects intheareasprojects offood, andcommercial industrial investment highlighting 65investment opportunities The Center hasissuedacomprehensive of directory around SR500,000. opportunities. is The capitalofmostthoseopportunities investmentcraft whichcontains 27new opportunities, Commerce has issued a guide on the professional and small The Investment Center Chamberof oftheRiyadh databases oninvestment Region inArriyadh inparticular. andmanages oninvestment intheKingdom reports activity by alsoworks SAGIA. onthepreparation It ofstudiesand benefits accorded to foreign investmentKingdom inthe Regionin Arriyadh andprovinces, andpromotion ofthe the investment ofthevariousbusinesssectors opportunities offoreignattraction capital. The Center alsoaimsto monitor through repatriationRegion inparticular ofcapitaland investment climateingeneral andinArriyadh intheKingdom of keyobjectives. These includetheenhancement ofthe as anindependent to center achieve anumber is seeking The Investment Center establishedby Chamber theRiyadh Chamber ofCommerceRiyadh andIndustry Kingdom. entrepreneurship investment andknowledge inthe University. Saud of King was establishedto stimulate It ofknowledge, andarecentin thesector achievement isoneofthenon-government companies whichinvestsRVC Riyadh Valley Company (RVC) general andinArriyadh inparticular. investment climate in intheKingdom contribution to development ofthe investment center for the purpose of has established an independent Industry Also Chamber ofCommerce theRiyadh and in Arriyadh. promotion ofapositive investment climate favourable for theprivate for sector the for bothnational andforeign investment, Aramco and SABIC offer opportunities other large economic bodiessuchasSaudi additiontoIn various government agencies, productive companies. accommodation ofinnovations that later willbeturned to with regional, or marketing international andlocalpartners, reflected inestablishment of companies injoint ventures availableInvestment for are opportunities thesesectors • • • • prominent are:Most investment inRVC opportunities for creation inthemarket. ofsuccessful activities Riyadh Valley Company invests ofnational targets onsectors Engineering andmanufacturing Communications andinformation technology Chemicals, petrochemicals andenergy industry. Biotechnology andpharmaceutical, medicalandfood 11 10 1 8 7 6 5 4 3 2 9 8 7 6 5 4 3 2 1 Children’s care centers Ceramic decoration products Paramedical training and x-ray institutes (laboratory technicians) Administrative training centers Computer training centers Women’s centers finearts Women’s centers for consulting andeconomic studies Women’s photography institutes andart Women’s showrooms goldandjewellery Cake andpastamixes Travel bagsandaccessories Children’s food Shawls andheadwear. Women’s underwear Women’s readymade clothes Clothing accessories Perfumes Children’s toys Women’s accessories Investment for Businesswomen Studied Opportunities inCollaboration with Consulting Offices Second: Services Projects Second: Services First: Projects Industrial 22 16 15 14 13 12 11 10 21 20 19 18 17 16 15 14 13 12 9 Wallpaper Food supplycompanies. Businesswomen’s centers service andweightBeauty losscenters Women-dedicated malls Private institutes for sewingandembroidery Rehabilitation centers for peoplewithspecialneeds Physiotherapy centers Female services students transport Pickling factories Pickling Catalogue printing. Children’s furniture ofhandicappedtools andrequirements.Manufacturing gear Knitting Stoves for keepingfood temperature Stock cubes Textiles andglassaccessories Crystal andwindows curtains Upholstery 117 Investment Climate in Arriyadh 2015 118 The High Commission for the Development of Arriyadh and sustainable development related needs, to actual provinces Region ofArriyadh aimingto achieve abalanced isaroundprojects SR120billion. These spanallthe projects private development projects. The estimated cost ofthese telecommunication, and government public services, and housing, roads, environment, water, sanitation, electricity, been initiated intheareas inArriyadh ofhealth,education, their cornerstone. 1,800development Over have projects relatein Arriyadh to development whichhadput projects resultingInvestment from studies sectoral opportunities Manufacturing Plastic andRubberProducts Manufacturing Basic Metals Network Land Transport Activities Storage and Transport Support Equipment Products and Except Machinery ofPrefabricatedManufacturing Metallic Specialized Activities Construction Telecommunication Buildings Construction from Studies Sectoral Investment Resulting Opportunities Theme Three: Sector Economic Sectors, Job Opportunities and InvestmentEconomic JobOpportunities Sectors, inPublic Transport Project rubber tubesarms, finalplasticproducts, plasticsuppliesandotherproducts. construction oftires orinterchangeable andremanufacturing tapes, ofsteel and skips wicks.Manufacturing Manufacturing steel wires inaddition to many otherworks associated withtheseindustries. or powdered iron, scrap steel ofiron molds, orsteel, re-melting ofsteel production and semi-finishedproducts Blast furnaces operation, steel convertors, rolling machines, refinement of andproduction ferroalloys, iron pellets railroads andself-runtrucksrental Specialshort via mainrailroads network. Passenger viametro andbuses. transport Transport orto terminals. cargo Goods linesfrom to theairport thecity storage operations. anddistribution transport, operations byArrange land, transport airorseaaswell Planning, asalllogistic of services. design andsupport Run stores andwarehouses that store ofland, commodities alltypes airandmarine andpassengers’ cargo. tanks andcisterns. metaltiresindustrial andprefabricated buildingsmainlymadefrom metal, inadditionto metaldoors, windows, oftires metalsupplies(towers, andconstruction of Manufacturing masts, Manufacturing beamsandbridges). activities. sanitation andelevators. coating works suchasaluminum,plaster Other andotherspecialized construction suppliesfor buildingsandotherprojects’of electric facilitiesincludingcooling, air conditioning, solarpanels, ofbuildings,Demolition removal sites, ofconstruction landworks, drilling, oftunnels, construction provision facilities target facilities, usinginfrastructure oftelecommunication to public andsupplyingphoneinternet services Operation, maintenance andfacilitation ofaccess ofhumanvoice, data, soundandimageinternet text, to site. including underground garages, warehouses, assemblypoints andinstallation ofprefabricated buildingsinthe ofresidential ofalltypes Construction andnon-residential buildings(workshops, assemblyfactories, garages) the following table. asshown sectors in andservice intheindustrial of activities impliesvariety operation. establishmentduring andafter It provide hundreds ofinvestment for investors opportunities will largest It underimplementation projects intheKingdom. The Public Transport Project is one of the in City Arriyadh Public Transport Project inArriyadh City potential. resources, geographical location, population andagricultural offices andothers. administrative, economic andfinancial these studies, aswell asfor consulting, for companies operating inthefieldof investment available opportunities of different studies. sector There are thepreparation undertake Several parties Opportunities Waste Collection andRelated Services Services Computer Programming, Consultancy and Equipment ofMachinery andInstallation Repair Equipment TransportOther (notcategorized) Manufacturing andEquipment Machinery Equipment Manufacturing Electrical Chemicals Manufacturing and Instalment andEquipment Maintenance Machinery Leasing andRental Activities ProductsNon-Metallic Manufacturing Manufacturing Machinery Civil Engineering Coordination Places andIndoor Construction ProvidedServices to Buildings Coordination Places andIndoor Construction ProvidedServices to Buildings Chemicals Manufacturing Sector Collection ofsolidnon-hazardousCollection waste andallrecycable materials viacomputer.consultancy Design computer code structure, content, andprovision facilitiesmanagement electronic andactivities of equipment, valves, gears, transducers, switchgear, relays electric andcontrol devices. equipment, locomotives andtrailers viamobilewelding equipment, pumpsandrelated fluidpower parts, of motors andmaintenanceRepair suchasships, ofotherkinds andengines ofrailroads trains, lighting and safety system ofthe railroads. and locomotive outer structures. Train seats, control traffic andelectromechanical signs equipment, electrical axes, pivotal parts, wheels,special parts; suchashooks, brakes, couplers. brakes parts Shockabsorbers, wagons railway electric locomotives runbyManufacturing diesel, steam railways, orothers. Electric busesandtheir materials orlayers ofthesamematerial. gears andgearboxes, speedchangegearbox, couplers, joints andsimilarmaterials madeoutofcombination of power systems, anddesigned pumpsthat fitinternal cylinders and combustion engines. related of parts, Carriers valves intheexhaust ofinternaland entry combustion engines. Hydraulic andpneumatic components, fluid oftrain engines, pistonsManufacturing andpiston rings, carburetors for allinternal combustion engines. Exit switchers, cablesboxes, electric traffic lights. andpedestrians equipment, discharge lampsandfluorescent lamps, ultraviolet andinfrared lamps.Insulated wires andcables, and power dooropeningandclosingdevices, lighting switching equipment. transportation Manufacturing generators, circuit breakers, control panelsfor tubeswithswitchgear power panels delivery distribution, transformers for power andvoltage distribution transmission engines, devices anddistributors. Manufacturing transformers, distribution ofelectrical arc weldingManufacturing transformers, fluorescent ballasts, substations paper. ofliquidandcompressed inorganic gases. Manufacturing industrial Paint andvarnish industry, similarcoating materials, anti-leak material, printing paperandwriting printing ink, motors, andmaintenanceRepair ofelectric power batteries generators, andrechargeable batteries. single-use engineering machinery. Renting ofresidences andcontainers to beusedasoffices. ascapitalcommodities leasing,vehicles flights, andotheronesusedinindustry andcivil construction for operation passengersself-runvehicles, purposes: Renting orleasingmachinery trucks, trailers, recreational shaping andsmoothingstones usedfor roads roofing… etc (wool, straw, concrete ofready-mix andmortar. reeds). ordry Manufacturing works includecutting, Other bricks,in construction: stone tablets, plates, ofplant-based buildingmaterials pipesandbeams. Manufacturing aluminium cement, cement aswell acidphosphate asconcrete cement, pre-casting andstone materials used insulators, ceramic products, ceramic insulation, andhydraulic burners cement includingPortland cement, ofclay,Manufacturing concrete, heat-resistant paving ofdried-mud ceramic. stones, electrical Manufacturing anddyed, offlat glass, glassincludingarmed glasstiles, colourful fibreManufacturing glassandinsulating glass. accessories required for motor vehicles of motorized andothervehicle, structures concrete-mixer trucks, andvarious specialcontainers spare parts ofcommercial machinessuchaslargeManufacturing vehicles, trucks, andsemi-trailers. tractors Manufacturing improvement. linesofthecity, includingtransport of civilengineering constructions sewage system andlanddivision ofhighways,Construction streets internal pathways, tracks carsandpedestrians andbridges. Establishment cleaning, planting andgardens parks andprovide to maintenance maintain balanced environment services view. andoutdoor cleaningforIndoor ofbuildings, alltypes sterilization andpesticide, streets sweeping, industrial disposal, security, safety, andotherrelated withinthefacility. services laundry postalservices, withinclient’sProvision services ofsupport suchasgeneral interior facility cleaning, maintenance, waste soap, detergents andpolishingproducts. ofpaints orvarnish,enamelpaints orlacquers,Manufacturing paints thinners, organic compounds solvents, Opportunities 119 Investment Climate in Arriyadh 2015 120 The High Commission for the Development of Arriyadh projects thatprojects willbeimplemented to linkprovinces and Region inArriyadh isdependent uponthenewroadsector The investment inroads andtransportation opportunities Roads Sector (busandmetro) project inArriyadh. transport for resettlement relatedopportunities ofindustries to public The following investment tableshows mostimportant Automatic Gates Machinery Hoses andPneumatic andHydraulic Fittings Lower andUpperAxes andParts ofSuspensionSystem Helical Springs, Leaf andPaper Springs Springs Gears Bearings Brakes andBrake Blocks Production/Assembly Low Cost Vehicles Wheels Railways Spare Parts Manufacturing Planning andDesigning Signal Equipment ofLocomotivesRenovation/Manufacturing andEquipment No 10 1 2 3 4 5 6 7 8 9 Investment for Resettlement Related ofIndustries to Opportunities Public Transport Project inArriyadh Ring Road Ring Free Road Free Road Intersections Ring Road Ring Free Road Free Road Intersections Intersections Free Road Free Road Item Khrais Road in the South to intheSouth Prince Road Khrais Road. Salman from Starting Road Development ofSecondEastRing andImplementation Second Circular Phase City- inArriyadh 2ofAlkharj-Jeddah Road Highway Salman Road) andlinkitwithAisha bint Road) Salman Abibaker Road Prince Turki binAbdulaziz theFirst (Prince from Road Second Ring Starts Second Ring Road (Sheikh JaberAl Sobah) (Sheikh Road Second Ring upto Road fromKhaled King binFaisal starting Saud Imam (Thumamah) Road Salman AlfarsiSalman (Alsahabah) withDammamRoad Road toRoad JeddahHighway Development ofthe Western from bint Khweld Khadejah Starting Road Ring Hayir Road starting from South Ring Road upto Road Hayir from Ring Suburbs South Hayir starting Road Imam Muslim Road starting from to Derab Road Broad Plan starting Road Area Muslim Imam Intersection ofHasanbin Intersection Road withKhrais Thabet Intersection Makkah Road/Khrais Road from Road Road/Khrais TakhasosiMakkah Street JaberRoad to Sheikh (Exit17) Road withEastRing Road ofMadinah Intersection Bases ofImplementationBases ofRoadsfor thecoming Fiscal Year 2015-2016 Railways Roads Available Opportunities Long-Term Aspirations sector worked ondevelopmentsector andupgrading thebiggest The executive program oftheregional planinthetransport development ofroad withincities. networks cities intheregion anddevelop theexisting roads, aswell as Interior FurnishingInterior PanelsBody Batteries Tires Windscreens ofLow CostManufacturing BusesComponents Engine Systems Management Anti-Lock System Braking Vehicle Units Management Cost ofHigh BusesComponents Manufacturing Joint Venture withCompany Produces Technical Components. Complete Assembly ofParts inKSA 27km 41km 33.8km 23km Intersection of Structural Implementation 4km 23km 19km Length Buses Under Design Under Design Under Design Engineering Traffic Management and Engineering Traffic Management and exits) Engineering (entrances and Traffic Management and Condition million equalshares, eachshare’s nominal value isSR10. The Capital oftheCompany isSRonebilliondividedinto SRone fuel ,goodsandpassengers. transferoperation, of minerals, supervision, raw materials, includerailways projects Other establishment, management, standards. operation standards aswell assafety andperformance itself orby inaccordance otherthird parties, witheconomic by directly the Companymanagement and supervision railway andrelated project facilities, services, operation, The Company isentrusted withestablishment ofNorth-South the establishment RailwayCompany ofSaudi (SAR). dated 2005theCouncil approved 4/6/2002. In ofMinisters a resolution from theSupreme Economic Council No. 3/23 to expand the railway adopted by in the Kingdom, network This intheexecutive isoneofthekeyprojects project program Line: North-South andGulfstates.the Kingdom These are: projects of parts toprojects witheast, linkArriyadh west andnorth Arabia ofSaudi The offers Kingdom anumberof railway Railway Projects and otherroads centers’ that connect clusters. a numberofmainregional ofthearea roads parts to connect of the existing roads through network establishmentpart of No 20 19 18 17 16 15 14 13 12 11 25 24 23 22 21 Ring Road Ring Intersections Free Road Road Main Road Main Road Arterial Road Main Road Main Intersections Free Road Intersections Intersections Intersections Intersections Intersections Item Fahad intheEast Road Prince inthe Road fromKhaled binAbdulaziz Salman Road King West to King bin Abdulrahman University from the West withPrincess binZaidRoad Saeed Norah Linking ofaBridge Implmentation Road toAbi ObaidahbinAl from Road SecondEastRing Jarrah Road EastRing Road to from Abdulaziz Road Road EastRing Omar binAl Khattab King Road Ring binAffanRoad Road fromKing Abdullah to North Othman to Prince binAbdullah Saud binGlwiRoad Road Ring Prince from (Alkher) binAbdulaziz bin Saad Road North Mohamed Taif Street from ShifaStreet to JeddahHighway Road to EastRing from binAbdulaziz Saud binMohammmad PrinceImam Turki theFirst Road Dammam Road Prince to Road binMegren binMohammed fromKhaled Saud Road King BinAffanPrinceRoad withOthman BinAbdulaziz Salman Road And from Washim Street to Cairo Field binAbdulrahmanMohammed Street (Alswedi) FahadKing From withPrince to Road Starting Intersection Road Ring South Makkah Road withPrince Road (Dabab) AbdulazizbinJiluwiRoad Musaed Makkah FahadKing with Road Washim Street Road withMakkah Abdulaziz Road King Orejah withPrince Road binAbdulaziz Salman Road (Exit14) Road withEastRing ofOmarbinAbdulaziz Road Intersection Roads in the north west oftheKingdom. in thenorth will beallocated phosphate to minesinJalamidRegion serve fromA line extends te main line that links toArriyadh Haditha Many branch willbeestablished. linesoftheproject facilities ontheArabian GulfCoast. bauxite depositarea inZubairah to thetreatment andexport passingby Alzubaira inthenorth, a point calledMultaka between to Arriyadh-Haditha middle of the lineextending Jordanian borders. at apoint inthe The second linestarts to Haditha near the to andextends Arriyadh thewest north in The consists project oftwo mainlines;thefirststarts • • • The achieves project thefollowing: shares to publicsubscription. general ofthe association might offerCompany’s allorpart Haditha. Sudair, InternationalAirport, Khaled Hail, Jaufand Kassim, stations at King between andHaditha,serving Arriyadh ofpassengersby trains (200km/hour) transport Rapid petroleum and chemicalproducts. of goods, services transportation and multi-purpose Public shippingthrough services, regular transportation treatment Alker (Alzour facilitiesinRas previously). mines inJalamidandbauxite inminesofZubaira to Transfer metalsconsisting ofheavy ofphosphate from 6 km 15km 4km 10km 8km 10km 32km Intersection of Structural Implementation 6km Management Traffic Length Designed Designed Engineering Traffic Management and Designed Designed exits) Engineering (entrances and Traffic Management and Planned to bedesigned Designed Planned to bedesigned exits) Engineering (entrances and Traffic Management and Engineering Traffic Management and Engineering Traffic Management and Engineering Traffic Management and Under Design Condition 121 Investment Climate in Arriyadh 2015 122 The High Commission for the Development of Arriyadh by costs intheregion. saving intransportation That ofmore meansattraction transit trade andeconomies development ofJeddahIslamic Port. andto theeconomic to transportation be cruciallyimportant and investors to contribute to itsimplementation whichwill railroad companies, civilandmechanicalworks contractors for is a unique opportunity It location of theKingdom. routesof transportation dueto thestrategic geographical in theregion andwillplay asignificant role inthedevelopment This isamongthelarge that scaleprojects willbeimplemented of 115km. withatotal ofthenetwork length region, withotherparts areas and the Arabianmain industrial Gulf in the Kingdom km. City,The second linelinksJubailIndustrial oneofthe Islamic Portwithatotal andendsinArriyadh lengthof950 from Jeddah consists oftwo lines:thefirststarts markets. It container trafficserve whether nationally orwithother GCC This withtheArabian aims to Sea project Gulf and linktheRed 2- Railway LandBridgeLine stock andothermaintenance equipment. andemergency The will purchase project locomotives, equipment, rolling 107 bridges. Haditha), sixshippingstations, management facilitiesand stations (Arriyadh -Almajma’a –QassimHailJauf- rail storage, plazas, maintenance points andsixpassengers A railway ofapproximately willbeestablished, side 2,400km Gulf. ontheArabian City JubailIndustrial A branch lineto serve mines inZubairah Region. willbeallocated bauxite to Alkher serve Region withRas ZubairahA branch from lineextends themainlinelinking oftheKingdom. eastpart north A linewillbeallocated Basitaagricultural area to serve inthe Yanbu Al Busayta Al Haditha Al Qurayyat Al Rabigh Jeddah Mecca Madinah Hazem elJalamid Hail Jazan Buraydah Zuberah Taif Mushait Khamis Arriyadh Al Hufuf Ras TanuraRas Haradh Al Jubail Dammam Future Projects -south Line north Express TrainHaramain Land bridge The current network by thework team referred to thereof. toof theproject competition according to amechanismset cooperate Railway Company withSaudi andoffer operation the project’s might infrastructure inpubliccompetition. It and membersoftheFund implementation of to supervise of of Finance,Transport, Ministry Railways Saudi Organization Public Investment Fund includingmembersfrom the Ministry project’s infrastructure. The work team shallbeformed inthe The Public Investment Fund willassumefundingofthe Two Railroad. HolyMosques Project –South match andthe implementation oftheNorth existing betweenandDammamshall Arriyadh network withtheeastonArabian Sea Gulfcoastthe Red viathe theweston of therailway oftheKingdom linking projects andDammamstipulatesArriyadh that theimplementation and JubailPort through theexistingbetween network ProjectBridge whichlinksJeddahIslamicPort withDammam The Council 322,of2011ontheLand Resolution ofMinisters • • granted implementation oftheproject. The aimsto: project assets andemployees oftheexisting company to theparty Council within the frame of transferring in the Kingdom expansion program approved by theSupreme Economic This represents megaproject anessential element inthe millionsofpassengersannually.to serve countries.neighboring The isexpected project LandBridge and tons ofcargo to oftheKingdom themarkets carried tois expected reach 700,000withatotal ofeight million The numberofcontainers handledontheLandBridge on thislineisestimated at eight milliontons. oftheGulfcountries. andmarkets markets Container freight of increasing numbers of containers headed to the local Provide express, safe for andreliable shipping services Kingdom-wide. transport developed railway whichutilizes network advantages ofrail in Jeddah and toArriyadh a of the Kingdom Link main ports Jeddah Saudi landbridgeproject Saudi Riyadh Al Jubail Haradh Al Hufuf Dammam the Fund) to betheowner oftherailway infrastructure. establishment ofanewjoint stock company (fullyowned by of with theMinistry Transport) shallstudythematter of of directors ofthePublic Investment Fund (incoordination existing Railways facilitiesofSaudi Organization. The board infrastructure ofallexisting andfuture railway and projects The resolution alsoincludestheState’s rightto owning Resolution 1,in2008. Resolution with regulations oftheOrganization issuedthrough Cabinet andoperational safety activities inaccordancetransportation organizationcompany oftherailway andundertake theinfrastructure RailwaysSaudi Organization shallsupervise 123 Investment Climate in Arriyadh 2015 124 The High Commission for the Development of Arriyadh Kingdom. prepare located engineering designs insidethe for parts to setupstudies and a technical work team inthe Ministry of Transport to prepare detailedstudiesoftheproject,form The approval ofthelateAbdullah assigned theMinistry King established inparallel Fahad to theKing Causeway. Qatar,linking Bahrain Arabia andSaudi proposed to be Bahrain will betoconnected the GCC Railway via a sea bridge 2,116 km. The Arabia lengthofthelineinSaudi is663km. toOman via Sohar Muscat. The total length of these linesis Emirates (Abu Dhabi–Al Ain) thenonto to theSultanate of From Arabia Saudi itwillpassby Batha Port to theUnited Arab the Qatar –Bahrain proposed Bridge to beconstructed. willalsolinkQatarto withBahrain Qatar via viaSalwa Port. It Fahadthe King Causeway. From Dammamitwillrunoverland Bahrain viaaproposed to bridge inparallel beconstructed to Arabiapassing by inSaudi of to DammamCity theKingdom from KuwaitThe GulfRailwayLineisplannedto City start • • stage asfollows: business stagesandproposed atimetablerequired for each Studies have drawn uparoadmap oftheproject,identified states. implementationthe practical ofideaby theGCC member committee hasbeen formed detailedstudiesfor to conduct entrusted with this mission. A financial and technical specialized studies have in conducting been expertise oftheinterestAs oftheGCC part inthisproject, world 3- GCC Railway Project project (theproposedproject route). Preparationb- ofdetailedengineering sketches ofthe a- Preparation offeasibility studiesoftheproject. each country: The following tableshows total lengthofGCC railways in and joint investments theireconomies. supporting countries, freedom ofmovement ofcitizens andresidents such asfacilitation oftrade movement between these The GCC willhave project positive effectandbenefits direct Arab States. better economic interdependence andintegration between inadditiontoproject improved for landandseaconnectivity There isanArab consensus onthecompletion ofarailway link link countries intheGulfwithotherArab countries. hassignedThe aninternational Kingdom railways contract to of West Asia (ESCWA). is a member of the Economic Committeethe Kingdom Social expand thesystem by joiningwithotherArab countries as completed by mid-year 2017/18. There isalsoanintention to Regarding implementation, to is expected the project be domain according to aspecifictimetable. methodology andsteps required to beachieved inthis consultationsThe to team lay started foundations ofwork (1) Kingdom of Saudi Arabia ofSaudi Kingdom UAE Oman Qatar Bahrain Kuwait Saudi Railways Saudi organization Countries Total (1) Total Lengths ofGCC Railway Length oftheRailway 2,117 663 684 306 283 145 36 (1)

• • • • • • • • • • • • • • • • • Examplesare: inArriyadh. activities sector, andforeign investments aswell in variousindustrial areInvestment available to opportunities thenational private • • • • Arriyadh: The following are development theindustrial in projects The Sector Industrial • • • • • • establish passengerandfreight stations including: and SAR Partrailway of the Land Bridge is to projects Arriyadh Region Establishment ofPassenger and Freight Stations in and others. integrated centers, entertainment banks, logistics projects complexes, office buildings, medical centers, hotels, inte citiessuchasresidential industrial services Support Therapeutic andmedicaldiagnostic equipment cells project Solar production Conversion andinvestment ofethylene Agricultural andpesticides suchasfertilizers products Chemicals Industries Vehicles spare parts City.Arriyadh associated industries Heavy withPublic Transport Project in appliances andairconditioning compressors.Electrical Cloth, yarn, blanketsandbedsheets. Water andgasmeters. ware.Plastic sanitary Pottery and colored reflective glass. Household refrigerators. Building Materials medical support Medicines, vaccines, antibiotics, medicalsuppliesand Car tires million. at acost City Development ofSR539 ofSudair Industrial etc.devices and sub-stations control boards, sewage networks, water systems, measuring of thesafety system inthefueltankyard, replacement of a total cost ofSR790million,includingtheimprovement Developmentat andmaintenance Refinery ofArriyadh cost ofSR34million. at a Establishment Laboratory ofandequippingArriyadh cost ofSR73million. at inArriyadh a City Development oftheSecondIndustrial Passenger Station inRwedah Passenger Station inZulfi Passenger Station inMuzahemiah Passenger Station inMajma’ah Freight City Station inSudairIndustrial Station InternationalAirport Khaled King per day, reaching 640 thousandm • • • • station is SR 400 million with a capacity of400thousand m station isSR400millionwithacapacity operated andentered into service. The total cost ofthis was established in and Arriyadh has been experimentally The largest station of environmental treatment ofsewage and processing. programs andraise the potential of wastewater harvesting This isaimedto keepupwithwater supplydevelopment development ofsewage andtreatment networks capacities. Region of haveArriyadh The efforts been focused onthe rapid Sanitation Sector inArriyadh ofthissector opportunities The following investment are themostimportant expansion ofwater andstorage networks facilities. capacity. As aresult, there is aneedfor theestablishment and and rehabilitation ofexisting stations to raise theproduction desalination include the establishment of additional stations The investment inthewater andwater sector opportunities Water Sector (1) process. the private to play sector aleadingrole inthedevelopment These are projects investment available for opportunities Expansion anddevelopment ofsewage plants. Replacement of oldconnections. insideArriyadh. ofsewageImplementation connections tenth phaseincluding: Many sewage are projects offered for implementation inthe a total length of38km. The cost of te second phase will amount SR 700 million with phase oftransit lineswas completed withalengthof25km. stations, assemblyandtransit lines. from Wasia wells, water wells, purificationplant, pumping Design andimplementation project ofwater extraction million. Water treatment at inArriyadh projects acost ofSR54.2 . the Kingdom SR 285million. These constitute projects 21%ofallthosein waterImplement inArriyadhy projects network at acost of (phase one)withatotal cost of SR9,072million.. station forEstablishment ofRas-Al-Kher water desalination Ministry of Water Ministry andElectricity, 2013/2014Annual Report. 3 at peaktime. The first (1) : 3

125 Investment Climate in Arriyadh 2015 126 The High Commission for the Development of Arriyadh (2) CommissionThe High for Development Projects City- of Arriyadh Follow up Program- 8 Ibid. (1) Region, inArriyadh 2015. projects The following and tableshows keyeducational parties • • • oftheseprojects: important Most competence andequipment. and colleges offering majors at thehighestlevelvarious of number ofgovernment andprivate universities, institutions and thenumberofcolleges. accommodates Arriyadh a interms ofgovernmenteducation sector andprivate schools development haswitnessed remarkable in the City Arriyadh various stages of education at atotal cost of SR32,897 million. 795 approved educational for projects boys andgirls in The Region inArriyadh offers education sector for investment Education Sector power distribution projects, 62power of transmission and19projects projects RegionArriyadh is SR 22.4 billion for ten power generation The in value sector of approved in theelectricity projects related to power generation, transmission anddistribution. to theprivate interms ofprojects sector opportunities in offersArriyadh sector investmentThe electricity Sector Electricity distribution management,distribution gasgenerators andairpumps. materials,turbine boilersfor power plants, transformers, andmechanicalworks,contracts, electrical supplyofgas steam inadditionto turbines;, otherengineering, consulting, ofsimple, includeproduction mixed opportunities and Other engage boththegovernment andprivate sectors. cost ofSR 271million. bin AbdulazizSaud University for Health Sciences at a total Establishment of Vital Technology Research Center inKing SR 271million. Abdulaziz University for Health Sciences at a total cost of bin College Saud inKing Establisment ofDentistry University at atotal cost ofSR380million. ibnSaud (preparatory year)Deanship Mohammad at Imam Establishment ofabuildingEngineering Faculty and 2015. Institute ofPublicInstitute Administration and Technology for Abdulaziz City King Science University ibnSaud Mohammad Imam University Saud King University Princess Nora bint Abdulrahman ofEducation Ministry Education ofHigher Ministry Educational Projects inArriyadh Party (1) . These investment will opportunities Number of Number (2) Projects 493 12 25 33 11 10 2 (2) 5,132,930,440 6,179,127,789 6,439,100,151 406,000,000 943,540,311 253,370,562 312,134,403 Total Cost th Report, Report, Report, Report, • • • • • • Regionin Arriyadh isover SR301,106million. They include: total value that of279healthprojects willbeimplemented medical centers, training centers andhealth education. The include hospitals and in in Arriyadh the health sector sector The many investment available to theprivate opportunities Health Sector Ibid Ibid (4) Ibid (3) telecommunication projects. The following tableshows mostimportant services. center,of the e-Government of new post and the project Information Technology Commission, theestablishment buildingfor theCommunicationheadquarters and The telecommunications include inArriyadh projects Telecommunications Sector in 2015. The following Region inArriyadh tableshows healthparties total cost ofSR210 million. (300beds)at ofArriyadh Establishent of ahospitalinnorth (500 beds)at atotal cost SR587million. Establishment ofthethird tower City Medical Saud inKing at atotal City costMedical ofSR1,180million. Cardiology ClinicandAdministration Fahad buildinginKing Cancer Center, NationalofNeuroscience, Institute 1,201 million. at atotal City Abdulaziz cost Medical ofSR hospital inKing Establishment andequippingofobstetric andgynecology at atotalCity cost ofSR10,368. in Arriyadh of Interior Private ofthe Ministry City Medical Zain Company TelecomSaudi Company Saudi Red Crescent Red Saudi Authority National Security of Ministry Health Affairs inthe Mobily CompanyMobily Bayanat Company King FahadKing City Medical ofHealth Ministry Telecommunication Projects inArriyadh (3) Project Party Health Projects inArriyadh (4) No. ofProjects Projects 222 15 48 15 2 2 7 9 (3) 12,539,257,501 1,342,105,448 3,366,540,732 2,093,078,000 232,192,159 120,908,720 172,560,170 34,755,000 Cost Cost (4) Ibid. (1) related projects. service Hanifa and lakes on an area of five million square meters with Many willbe establishedin attractive tourism resorts Wadi camps. addition to 243 family camps and 130 In youthactivities. and courts by sport campssupported of 123wilderness chalets, aworld horsecenter andshow rings, establishments museum, botanical garden, audio and lighting shows, Safari of Thumamah suburb, establishment ofaworld natural investment includedevelopmentOther opportunities inArriyadh. inthetourism sector projects is 7% . All of these licenses will be translated into investment Company withacost of SR 330million, the completion rate hotel to establishment offive-star for the Public Pension agencies (13mainoffices and22 branch offices) inaddition 35licenses for apartments, 41furnished in Arriyadh, travel SCTAand hotel apartments. granted licenses for 17hotels hotels and improvement and development of existing hotels At inArriyadh. tourism sector thetop ofthelistcomes new There are many investment available inthe opportunities Tourism Sector • • • • in thesocialwelfare Region: inArriyadh sector Following are themostsignificant investment opportunities social welfare buildings. center,social observation girls rehabilitation centers and includingpsychiatric rehabilitationopportunities centers, This offers sector as investment projects several service WelfareSocial Sector • • • • • • sector: The following are investment ofthehousing opportunities investment companies, foundations charitable andothers. of government agencies,under the supervision real estate RegionArriyadh are inclusive whichare ofhousingprojects The in investment in thehousing sector opportunities Housing Sector in Al-Kharj Establishing asocialwelfare center at acost ofSR20million million in Wadi Aldawaser. Establishing agirls’ rehabilitation homeat acost ofSR30 million inArriyadh. Establishing asocialmonitoring center at acost ofSR35 SR 70millioninArriyadh. Establishing apsychiatric rehabilitation center at acost of SR 42,406million. There are withatotal projects cost 1,944housingsector of of SR369million. Abdullah International Gardens atThe a cost of King project HousingProjectKharj withacost ofSR505million. Conferences Center withatotal cost ofSR967million. Project at atotal cost ofSR2,031million. Integrated HousingComplex, ITand Telecommunication a total cost ofSR2,094million. Al The ofSABICemployees housingproject (Tilal Waseel) for (1) . Saudi market. Saudi technologies that alignto-date withtherequirements ofthe provide for insurance more opportunities facilitieswithup- development andabundance ofdevelopment still projects the stock thesize market, economy, oftheSaudi itsdynamic Although there are about35insurance companies listed in Insurance Sector investment available projects to individuals orsmallto technologies there stated are withinthisreport, several whichrequiremega projects large capitalandsophisticated investment and additionto large-scale In opportunities Personal Sector Services them to meetneedsoftheMinistry. contacted withmore than924plants andrehabilitated 526of barriers. operation ofsecrecy and thebreaking The Ministry to recycling might besubject oftheseparts A large proportion standards. that and value to are quality subject of consumed parts ofDefence hasmore thantwo millioncategoriesThe Ministry monopoly offoreign weapons andsave time. the requirements forces, armed oftheSaudi prevent the inorder to ofspare meet parts domestic manufacturing to ofDefence announced its support The Ministry Sector Military economy. the sophisticated requirements and community oftheSaudi information technology andtelecommunications to meet broadcast media, whether traditional or based on establishment mediafacilitiesinprintand ofmodern in the creation of moreopportunities and activities, ArabiaSaudi presents lacksadvanced mediaandthisfact Media 127 Investment Climate in Arriyadh 2015 128 The High Commission for the Development of Arriyadh Except for auto dealers, ofworkshops thevast majority Auto Repair Workshops and Vehicle Centers Service limited to, thefollowing areas: in,butnot of providing particularly services, highquality there willbeaneedfor sophisticated which are firms capable the doorfor newinvestments Accordingly, intheseservices. andwillthereforethe demandfor personal services open Abdullah FinancialKing inArriyadh. District This willincrease whichareprojects currently beingestablished, suchasthe expansion inthecity’sfurther facilities, inadditionto mega ofthe Implementation Tenth Development Plan willleadto way by firms owned andmanaged by individuals. the smallvolume provided ofitsservices, inthetraditional due stilloffer to offirms the vast modestservices majority size to whichprovide residents, Arriyadh personalservices Whilst there are a number of sophisticated of medium firms to residents.personal services by equal growth establishments ofmodern whichprovide havedecades ofthelastcentury notbeenaccompanied The development urban thelastthree andexpansion during Examples are: significant exists. need for personal andhouseholdservices requirements ofthecity, there isclearevidence that a studies providing detailedinformation on theactual medium enterprises (SMEs).Despite theabsence offield guaranteed technicians andwithfixed prices. professional by maintenance qualifiedand services maintenance companies can be established to provide investment where professional opportunities household by unqualifiedstaff.quality Arriyadh provides significant which provide ofmaintenance onlyonetype ofpoor often are mostlyprovided by establishments, individually-owned etc. connections Suchservices water supply and sanitary inareasmaintenance ofelectricity, services air-conditioning, householdsrequire ofArriyadh The majority periodic Household Maintenance Services demand offers a great investment opportunity.. vacations.long term during withitsgrowing Car parking basisor on temporary services providingactivities, parking inareas withcommercialmulti-storey particularly parking, lots, iscurrentlyadequate Arriyadh inneedof parking toDue theincreased numberofvehicles andthelackof Car Parks contract basis. towingparts, andoptionsfor ona maintenance services wheel alignment and tire replacement, oilchange, saleof body repair,electrical, paint jobs, car washing and polishing, repair andmaintenance services. These includemechanical, integrated workshops capableofprovidingof-the-art full provides several investment to set up state- opportunities are individually owned andoffer limted services. The city provide services. schooltransportation controlled car hire companies. Suchcompanies could also operating there inArriyadh, isstillaneedfor computer- Despite thelarge numberoftaxisandlimousineservices Taxi withPaging Services Systems services. still hasarequirement for andintegrated modern beauty such ashairdressing, shopsandseamstresses, bridal thecity establishments for whichprovide females personalservices Although there are large numbers of modestly sized Personal Offered to Services Females tofrom homes. anddelivery companies that canprovide withcollection goodservices, few ofthemprovide service. highquality There isaneedfor are available services throughout Arriyadh, Although laundry Services Laundry Statistical Tables andKeyAddresses investment inArriyadh. prospects forwhich provide major services personal and high quality isclearthereforeIt that thesignificant need for suchentities other related will be a welcome addition services to Arriyadh. and offer suchascar washing andoil change, services, and chain ofgasstations that willaccept credit card payments ofgasstations stillrequestThe majority cashpayments. A StationsGas children’s playgrounds. ambiance, withdiversified facilitiesand menus, parking restaurants that to provide customers, goodservice afamily in this line of business. exists Demand foropportunities continuesArriyadh to provide excellent investment fast food, traditional, oriental andwestern dishes. However, hasalargeArriyadh numberofrestaurants whichserve Family Restaurants 129 Investment Climate in Arriyadh 2015

Statistical Tables and Key Addresses 132 The High Commission for the Development of Arriyadh (2) CDSI,(asmentioned inlabourforce search 2014/15). ofEconomy andPlanning,(1) Ministry CDSI,Population Estimates 2010-2025. Saudis Saudis Total % to theKingdom Non-Saudis S/N Labour ForceLabour 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 7.1 Communications Services Development RegionCommunications inArriyadh 2013/14 Services Medical Service Providers Service Medical Region, inArriyadh To endof2013 Lengths ofExisting, andProposed UnderConstruction Region inArriyadh 2014 Roads Building Licences 2014 Region IssuedinArriyadh during Store Licences 2014 Region IssuedinArriyadh during Branches ofCommercial Region BanksinArriyadh Cost ofLivingIndicators for 2013/14to Arriyadh theendof2014/15 allCities Including Entities Subscribed in the Social Insurance SystemEntities intheSocial Subscribed Region inArriyadh upto theendof2014 LicencesNational (notoperating Industrial yet) Region inArriyadh to EndoftheFirst of2015 Quarter National andJoint Productive Plants Region inArriyadh to EndofFirst of2015 Quarter Existing Commercial Companies Region inArriyadh 2013/2014 General Education Indicators for theSchool Year Region 2014/2015inArriyadh Achievements Region inArriyadh 2011/2012 Security oftheSocial ofLabourForceDistribution Working inthePrivate 2013/2014 Region inArriyadh by andNationality Gender Sector Labour Force Region inArriyadh 2014/2015 Population City Arriyadh % to Total% 228,248 % intheKingdom Type Total Labour ForceLabour inArriyadh Region2014/2015 Statistical Tables Arriyadh Population City 2014/15 Employed 92.9 Description Table (2) Table (1) % to Labour Force% to Labour 2,964,114 31,521,418 (1) 6,152,180 3,559,248 2,592,932 Number 19.50%

(2) Unemployed 27.2 % to Labour Force% to Labour 100.0 3,192,362 57.9 42.1 (%) Page 137 137 137 137 136 136 136 135 135 134 133 133 133 133 132 132 (2) Ministry of Social Affairs, ofSocial 2011/12 (2) Ministry ofLabor,(1) Ministry 2013/14. No. of TeachersNo. No. ofSchools No. ofStudents Non-Saudi Saudi Arriyadh Total intheKingdom Total intheKingdom Item Nationality Item Number Total 49,378 General Education Indicators for theSchool Year 2014/2015inArriyadh Region Distribution of Labour Force ofLabour Distribution Working inthe Private inArriyadh Region Sector Achievements inArriyadh Security Region2011/2012 oftheSocial Existing Commercial Companies inArriyadh Region2013/2014 8,790,298,368 Spent Sums 294,227,790 9,119,809 3,187,201 2,808,633 544,264 378,568 44,618 Males Males 1,960 by andNationality 2013/2014 Gender Gender 26.8 % Females 559,923 227,124 160,065 67,059 % to the Total Table (3) Table (6) Table (4) Table (5) Females 584,557 61,461 2,646 3.30% 100 (4) Ministry of Commerce and Industry (asmentioned inthe49th,2014,CDS. ofCommerce andIndustry (4) Ministry ofEducation, Annual Statistics 2014/15. (3) Ministry 9,679,732 3,414,325 2,875,692 Number 538,633 404,336 Total Total/Arriyadh (1) Beneficiaries Number of Number 1,128,821

106,079 131,106 798,858 4,606 Accumulated Total (4)

(2)

(3) % to the Total Total/Kingdom 84.2 15.8 100 29.5 % % 16.40% 5,441,480 531,553 35,397 100 133 Investment Climate in Arriyadh 2015 134 The High Commission for the Development of Arriyadh (1) Ministry ofCommerce andIndustry, Statistical(1) Ministry Indicators: www.mci.gov.sa Textiles Beverages Foodstuff Clothing Leather Products Wood Products except Furniture Printing andPublishing Paper Products Coke andRefined CharcoalPetroleum Manufacturing Products Basic Pharmaceutical Products Chemicals andRelated Products Computers, and Electronics Visuals Constructive Products Metallic ofMetals Basic Industries ProductsNon-Metallic Plastic andElasticProducts Vehicles and TrailersVehicles Categorized Appliances Equipment Electrical Other Manufacturing Industries Manufacturing Other Furniture Transport Machinery Fixing andEquipment andMaintenance ofMachinary National andJoint Productive Plants inArriyadh Regionto of2015 EndofFirst Quarter Industrial Activity Industrial Total Table (7) Number 2,911 251 272 453 509 368 108 205 38 59 52 18 32 36 94 65 19 33 91 79 84 39 3 3 Funding 117,026 21,727 30,084 1,824 3,446 814.7 159.1 148.6 1,276 4,225 1,221 5,014 813.5 7,183 5,459 8,138 1,140 2,360 9,475 8,889 1,941 655.5 964 71 (million Riyals) (1) Labour ForceLabour 363,810 17,727 57,965 12,171 17,620 38,525 10,935 35,097 71,278 10,120 21,423 17,385 8,838 8,034 1,478 1,420 3,707 4,130 3,888 4,174 7,270 6,671 3,501 453 (2) General Organization 2014. Insurance, ofSocial Statistical Report, ofCommerce andIndustry, Statistical(1)Ministry Indicators: www.mci.gov.sa Other Manufacturing Industries Manufacturing Other Furniture Categorized Appliances Equipment Electrical Constructive Products Metallic ofMetals Basic Industries ProductsNon-Metallic Plastic andElasticProducts Basic Pharmaceutical Products Chemicals andRelated Products Coke andRefined CharcoalPetroleum Manufacturing Products Paper Products Wood Products except Furniture Clothing Textiles Beverages Foodstuff No. ofSubscribers No. ofEntities Transport Machinery and TrailersVehicles Item Entities Subscribed in the Social InsuranceEntities intheSocial Subscribed System inArriyadh Regionupto endof2014 National andJoint Productive Plants inArriyadh Regionto of2015 EndofFirst Quarter 316,474 414 No. Industrial Activity Industrial Government Total (%) 3.3 0.5 Table (8) Table (9) 9,372,344 90,731 No. Private Number 508 110 68 13 93 10 73 30 12 12 11 36 11 2 3 4 9 4 6 1 96.7 99.5 (%) Funding (millionRiyals) 2,837.70 8.196 256.9 857.6 462.1 181.2 512.9 981.1 367.2 261.5 253.1 119.7 588.7 428.8 15.7 18.3 5.3 1.1 9,688,818 34 13 91,145 No. Total (1) (2)

Labour ForceLabour 28.165 2,665 3,830 1,479 2,612 2,323 8,699 100 100 (%) 109 162 455 478 670 270 765 921 911 772 894 130 20 135 Investment Climate in Arriyadh 2015 136 The High Commission for the Development of Arriyadh (3) Ministry of Municipal and Rural ofMunicipal Affairs, 2014 Statistics.(3) Ministry (51),2015. (2) SAMA, Annual Report (1) CDSI,Cost ofLiving, 2015. 2014/15 Kingdom Total to 2013/14 2012/13 Kingdom Total of the 2011/12 Total 2011 Commodities and Other Services Commodities andOther Hotels and Restaurants Education Education andRecreation Communications Transport CareMedical Appliances andMaintenance Housing, Water, andFuel Electricity Textiles, ClothesandShoes Tobacco Products Food andBeverages General Index Renew New

Type of Activity 69,031 22,276 17,885 4,391 32.3 Food Cost ofLivingIndicators for allCities Arriyadh Including 2013/14to endof2014/15 Supplies Period 1,399 39.2 549 415 134 Central Markets Licences ofShops Issued inArriyadh Regionduring2014 Item 64,250 22,486 13,536 Branches ofCommercial inArriyadh Banks Region 8,950

35 Commercial Institutions 8,830 1,508 1,002 17.1 506 Industrial Workshops 9,871 3,452 2,696 756 35 Furniture and Number Table (11) Table (12) Fixtures Table (10) (100 =1999) 586 535 506 493 481 16,561 9,589 7,372 2,217 57.9 Maintenance and Machinery 17,956 4,231 2,941 1,290 23.6 Vehicle Maintenance Total oftheKingdom 9,204 4,374 3,300 1,074 47.5 2013/14

Sanitary 117.6 126.8 112.6 106.3 111.0 109.0 122.6 153.8 104.8 153.1 140.5 126.7 1,912 1,768 1,696 1,646 1,591 93.8 Materials (2) 21,275 11,869 9,171 2,698 55.8 Fuel and (3) Services 48,731 15,684 12,456 3,228 32.2 Personal Services % to theKingdom (1)

53,769 20,247 15,219 2014/15 5,028 37.7 120.1 129.6 115.9 114.0 110.4 112.6 128.2 159.1 105.5 162.3 145.1 130.1 30.6 30.3 29.8 30.0 30.2 93.7 Others 320,877 116,265 85,993 30,272 36.2 Total (4) CDSI,Statistical (49),2014. Book ofHealth,2013Statistics. (3) Ministry (2) Ibid. (1) Ibid. % Kingdom Arriyadh Industrial /CommercialIndustrial Commercial Residential and Proposed Roads Construction Under Roads Existing Roads Total to Kingdom Governmental and Social Mosques Education, Healthand Special Clinics Dental Laboratories Physiotherapy Centers Laboratories Optical Store Pharmacies CentersMedical Hospitals Total oftheKingdom Building Usage Item Total Lengths ofExisting, UnderConstruction andProposed RoadsinArriyadh Region2014 Total Item Asphalt, tree-lined withstreet lightsAsphalt, tree-lined Riyadh 1,769 1,398 5,001 Telephone Land No ofLicences Communications Development Services inArriyadh Region2013/14 4,718,200 1,414,374 113,519 29,136 25,370 3,154 Lines 25.7 513 Medical Service Providers Service Medical inArriyadh Region, To endof2013 99 30 Building Licences Issued inArriyadh Regionduring2014 Kingdom 13,131 39,508 7,550 319,586,912 139,323,414 Kingdom 109,887,455 % to the 21,883,053 Land Area 5,718,647 1,834,259 3,735 2,039 13 13 19 Subscribers Broadband 756 775 No 50 21 30 32 32 43.6 2,919,000 m 953,786 2 32.7 16,840 Riyadh 4,673 7,746 Table (13) Table (14) Table (15) Table (16) Building Area m 47,549,106 12,009,048 8,270,788 3,045,334 587,195 105,731 Mobile BroadbandMobile Subscribers 25.3 Asphalt Only Kingdom 94,990 25,731 22,957 14,268,000 2 0

29.6 37.3 28.4 34.5 23.5 Number of Kingdom 31 26 33 32 % % to the 308,763 79,881 73,570 Stores 1,246 4,878 25.9 18 18 34 187 258,029 85,753 56,283 Riyadh (1) Store Space m Internet Users 118,669,661 16,519,999 27,652,593 21,175,491 4,238,375 1,280,909 4,917,563 (3) 278,630 25.7 23.3 Number ofLampPosts (4) Total intheKingdom 1,500,951 Kingdom 406,215 172,267 2 (2) (km) 12,048 2,029 7,180 2,249 192 100 136 91 71 Mobile TelephoneMobile Wall Height m 50,887,000 8,794,881 2,262,523 1,974,962 181,976 77,294 28,291 Lines 25.7 0

Kingdom % to the 17 21 33 137 Investment Climate in Arriyadh 2015 138 The High Commission for the Development of Arriyadh S/N 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 Key Government andPrivate Addresses Agency Ministry ofDefence &AviationMinistry Ministry ofForeignMinistry Affairs Ministry of Municipal &Rural ofMunicipal Affairs Ministry Ministry ofEducation Ministry Ministry ofInterior Ministry Ministry ofJustice Ministry Ministry ofCulture &Information Ministry Ministry of Ministry Telecommunications &Information Technology Ministry ofPetroleum Resources &Mineral Ministry Ministry of Commerce & Industry ofCommerce &Industry Ministry Ministry ofEconomy &Planning Ministry Ministry of Education (Higher Education) ofEducation (Higher Ministry Ministry ofHealth Ministry Ministry ofLabour Ministry Ministry ofFinance Ministry Ministry of Transport Ministry Ministry ofAgriculture Ministry Ministry of WaterMinistry &Electricity Ministry ofCivil Service Ministry Ministry of Social Affairs ofSocial Ministry Ministry ofHousing Ministry Technology Project Secretariat GeneraloftheNational Plan for Information (SCTH) CommissionSaudi for Tourism &National Heritage The High CommissionThe High for theDevelopment ofArriyadh Address Telephone 4789000 4055000 4569999 4046666 4011111 4057777 4068888 4522222 4787777 4012222 4011444 4415555 4015555 4778888 4050000 4043000 4016666 2038888 4026666 4778888 2894100 4625004 4808850 4883331 4026457 4023707 4563196 4037229 4069279 4059716 4350794 4522608 4761123 4038421 4052051 4419004 4026395 4789175 4033130 4035743 4044592 2052749 4035665 4789175 4070050 4625003 4808844 4829331 Fax Mailing AddressMailing Arriyadh 11165 Arriyadh Arriyadh 11124 Arriyadh Arriyadh 11136 Arriyadh Arriyadh 11148 Arriyadh Arriyadh 11134 Arriyadh Arriyadh 11472 Arriyadh Arriyadh 11161 Arriyadh Arriyadh 11112 Arriyadh Arriyadh 11191 Arriyadh Arriyadh 11162 Arriyadh Arriyadh 11182 Arriyadh Arriyadh 11153 Arriyadh Arriyadh 11176 Arriyadh Arriyadh 11157 Arriyadh Arriyadh 11177 Arriyadh Arriyadh 11178 Arriyadh Arriyadh 11195 Arriyadh Arriyadh 11233 Arriyadh Arriyadh 11416 Arriyadh Arriyadh 11157 Arriyadh Arriyadh 11527 Arriyadh Arriyadh 11432 Arriyadh Arriyadh 11431 Arriyadh Arriyadh 11614 Arriyadh PO Box 94737 PO Box 68222 PO Box 94501 PO Box 7775 PO Box 5705 PO Box 5964 PO Box 1267 PO Box 955 PO Box 247 PO Box 358 S/N 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 Saudi ArabianSaudi General Investment (SAGIA) Authority Saudi ArabianSaudi Standards Organization (SASO) Royal Commission for Jubail& Yanbu National Anti-Corruption Commission Riyadh CompetitivenessRiyadh Center (RCC) Saudi Industrial Property Authority Authority Property Industrial Saudi (CITC) Communications &Information Technology Commission Saudi FoodSaudi andDrugAuthority Capital Market Authority (CMA) Authority Capital Market Alriyadh Municipality General Organization for Insurance (GOSI) Social Saudi Arabian Monetary Agency (SAMA) Agency ArabianSaudi Monetary Public Pension Agency Grain Silos&Flour Organization Mills Saudi GovernmentSaudi Organization Railroad (SGRRO) Saudi Ports Authority Saudi Training (GOTEVOT) General Organization for Technical Education and Vocational Saline Saline Water Conversion Corporation (SWCC) Saudi Exports Promotion Exports CenterSaudi King Abdulaziz City for Abdulaziz City King Science & Technology (KACST) Saudi CustomsSaudi Central Department ofStatisticsCentral &Information (CDSI) Department The Arabian Saudi Board ofGrievances Saudi ArabianSaudi Airlines Saudi FundSaudi for Development Address Telephone 4484533 4520000 4794445 2644444 4053200 2831331 4618000 2038222 2797777 4112222 4777735 4662200 4025100 4643500 4480811 4050005 4052770 4631111 4053200 4883555 4013334 4014138 4021724 4500000 4640292 Ext. 1200 Ext. 4481234 4520086 4793275 2645555 4065196 4775235 4618002 2751164 2797770 4118686 1662439 4053645 4631943 4489400 4082739 4065876 4641630 4065196 4883756 4043412 4059493 4034296 4569383 4627450 Fax Mailing AddressMailing Arriyadh 11471 Arriyadh Arriyadh 11482 Arriyadh Arriyadh 11671 Arriyadh Arriyadh 13311 Arriyadh Arriyadh 11474 Arriyadh Arriyadh 11671 Arriyadh Arriyadh 11588 Arriyadh Arriyadh 13312 Arriyadh Arriyadh 11311 Arriyadh Arriyadh 11146 Arriyadh Arriyadh 11421 Arriyadh Arriyadh 11169 Arriyadh Arriyadh 11168 Arriyadh Arriyadh 11471 Arriyadh Arriyadh 11499 Arriyadh Arriyadh 11188 Arriyadh Arriyadh 11472 Arriyadh Arriyadh 11422 Arriyadh Arriyadh 11474 Arriyadh Arriyadh 11442 Arriyadh Arriyadh 11197 Arriyadh Arriyadh 11481 Arriyadh Arriyadh 11138 Arriyadh Arriyadh 11461 Arriyadh Arriyadh 11149 Arriyadh PO Box 84214 PO Box 16683 PO Box 84214 PO Box 75606 PO Box 25022 PO Box 18364 PO Box 40471 PO Box 16683 PO Box 3437 PO Box 8218 PO Box 7667 PO Box 6288 PO Box 2992 PO Box 3402 PO Box 5162 PO Box 7823 PO Box 5968 PO Box 6086 PO Box 3483 PO Box 3735 PO Box 1138 PO Box 2836 PO Box 1887 PO Box 878 139 Investment Climate in Arriyadh 2015 140 The High Commission for the Development of Arriyadh S/N 50 51 52 54 53 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 Saudi Industrial Development Fund Industrial Saudi (SIDF) Real EstateReal Development Fund Human Resources Development Fund Agricultural Development Fund The Centennial Fund Saudi CreditSaudi Bank Saudi PressSaudi (SPA) Agency King Saud University Saud King Imam Mohammed bin Saud IslamicUniversity binSaud Mohammed Imam Naif Arab Sciences (NAUSS) University for Security Princess Nora University Bint Abdul Rahman Prince SultanPrivate University Al Faisal University Al Yamamah Private University Dar Al UloomUniversity Arab Branch) OpenUniversity (Riyadh Institute ofPublicInstitute Administration (IPA) General Presidency for Youth Welfare General Audit Bureau Saudi ArabianSaudi Crescent Red Meteorology General Presidency for Environment Protection and Saudi Arabian Basic Industries (SABIC) ArabianSaudi BasicIndustries The National ShippingCompany Arabia ofSaudi (Bahri) Saudi Arabian Mining Company ArabianSaudi Mining (Ma’aden) Saudi TelecomSaudi Company Address Telephone 920000570 4774002 4792222 2790804 2118888 2253100 4797200 4193333 4670000 2580000 2463444 2297290 4548489 2242222 4949000 2742277 4768888 4018888 4056770 4740027 2211584 2258000 4785454 4740857 4527000 4775138 4786232 2790803 2198013 4191512 4797204 4193492 4678126 2580707 2464713 2297291 4548317 2157826 2242222 4949490 2742696 4768878 4010376 4032057 4740430 2211581 4013831 4777478 4721333 4525229 Fax Mailing AddressMailing Arriyadh :11512 Arriyadh Arriyadh 11149 Arriyadh Arriyadh 11517 Arriyadh Arriyadh 11321 Arriyadh Arriyadh 11517 Arriyadh Arriyadh 11126 Arriyadh Arriyadh 11138 Arriyadh Arriyadh 11451 Arriyadh Arriyadh 11432 Arriyadh Arriyadh 11452 Arriyadh Arriyadh 11671 Arriyadh Arriyadh 11586 Arriyadh Arriyadh 11533 Arriyadh Arriyadh 13314 Arriyadh Arriyadh 11681 Arriyadh Arriyadh 11141 Arriyadh Arriyadh 11185 Arriyadh Arriyadh 11128 Arriyadh Arriyadh 11129 Arriyadh Arriyadh 11422 Arriyadh Arriyadh 11492 Arriyadh Arriyadh 11537 Arriyadh Arriyadh 11652 Arriyadh PO Box 231265 Jeddah 21431 PO Box 67778 PO Box 67778 PO Box 84428 PO Box 66833 PO Box 50927 PO Box 45180 PO Box 68861 PO Box 87912 PO Box 4143 PO Box 1138 PO Box 7186 PO Box 2454 PO Box 6830 PO Box 3535 PO Box 8490 PO Box 7185 PO Box 1158 PO Box 5101 PO Box 8931 PO Box 571 PO Box 205 PO Box 956 S/N 75 77 76 78 79 80 81 82 83 84 86 85 87 88 89 90 91 92 Etihad Etisalat Company Saudi AramcoSaudi Zain Telecommunications National Company for Cooperative Insurance Council ChambersofCommerce ofSaudi &Industry Riyadh ChamberofCommerceRiyadh &Industry National Commercial Bank Al-Jazira Bank Arab National Bank Al-Bilad Bank Saudi InvestmentSaudi Bank Bank Riyadh SAMBA Financial Group SABB Banque Saudi FransiBanque Saudi Saudi HollandiBank Saudi Al Rajhi Bank Al Rajhi Al Inma Bank Al Inma Address 6493333/02 Jeddah 4787877 Arriyadh Telephone 6158070/02 2735050 4410200 2444444 2180100 4053200 4040044 4029000 4023503 4798888 4778433 4013030 4774770 4050677 4042222 4010288 4601000 2185555 0560412070 0590005959 8738190/03 6612348/02 6533278/02 Ext. 1200 Ext. Ext. 4632 Ext. 2180102 4024747 4020110 4027747 2916069 4776781 4042311 4067888 4776781 2185000 Ext. 656 Ext. 404207 Fax Mailing AddressMailing Dhahran 31311 Arriyadh 11351 Arriyadh Arriyadh 11423 Arriyadh Arriyadh 11632 Arriyadh Arriyadh 11474 Arriyadh Arriyadh 11421 Arriyadh Arriyadh 11564 Arriyadh Arriyadh 11416 Arriyadh Arriyadh 11411 Arriyadh Arriyadh 11481 Arriyadh Arriyadh 11421 Arriyadh Arriyadh 11413 Arriyadh Arriyadh 11554 Arriyadh Arriyadh 11431 Arriyadh Arriyadh 11481 Arriyadh Arriyadh 11586 Arriyadh PO Box 295814 Jeddah 21481 Jeddah 21442 PO Box 86959 PO Box 56921 PO Box 22622 PO Box 56006 PO Box 66674 PO Box 9979 PO Box 5000 PO Box 1183 PO Box 3555 PO Box 6277 PO Box 3533 PO Box 9084 PO Box 1467 PO Box 596 PO Box 140 PO Box 833 PO Box 28 141 Investment Climate in Arriyadh 2015 142 The High Commission for the Development of Arriyadh Ministry ofHousing Ministry of WaterMinistry &Electricity ofCommunications andIT Ministry ofFinance Ministry of Transportation Ministry ofAgriculture Ministry ofHealth Ministry ofEconomy &Planning Ministry ofCommerce &Industry Ministry ofInformation &Culture Ministry Affairs ofSocial Ministry ofLabour Ministry ofPetroleum Resources &Mineral Ministry ofCivil Service Ministry Education) ofEducation (Higher Ministry ofJustice Ministry Shura Council ofEducation Ministry &Rural ofMunicipal Affairs Ministry ofForeignMinistry Affairs ofInterior Ministry The Northern Borders ProvinceThe Northern Governorate ofNajran Region Governorate ofQassimRegion Governorate ofJazanRegion Governorate ofAl JoufRegion Governorate ofAseer Region of TabukGovernorate Governorate ofAl-Baha Region Governorate ofHail Governorate ofEastern Region Governorate ofMadinah Governorate ofMakkah Governorate ofArriyadh Real EstateReal Development Fund Development Fund Industrial Saudi (SIDF) FundSaudi for Development General Organization for Insurance (GOSI) Social (SAMA) Agency ArabianSaudi Monetary Ports Authority Saudi Public Pension Agency National ShippingCompany Arabia ofSaudi OrganizationSaudi ofCertified Public Accountants (SOCPA) Authority Property Industrial Saudi Authority WildlifeSaudi FoodSaudi andDrugAuthority National Anti-Corruption Commission (CMA) Authority Capital Market CommissionSaudi for HealthSpecialties Geological Survey Saudi ArabianSaudi Standards Organization (SASO) Communications &Information Technology Commission (CITC) Royal Commission for Jubail& Yanbu ArabianSaudi General Investment (SAGIA) Authority CommissionSaudi for Tourism &National Heritage CommissionThe High for theDevelopment ofArriyadh Web Addresses Organizations ofSelected Name ofOrganization Government Organizations Governorates Ministries www.housing.gov.sa www.mowe.gov.sa www.mcit.gov.sa www.mof.gov.sa www.mot.gov.sa www.agrwat.gov.sa www.moh.gov.sa www.planning.gov.sa www.commerce.gov.sa www.saudinf.com www.mol.gov.sa www.mol.gov.sa www.mopm.gov.sa www.mcs.gov.sa www.mohe.gov.sa www.moj.gov.sa www.shura.gov.sa www.moe.gov.sa www.momra.gov.sa www.mofa.gov.sa www.moi.gov.sa www.northernborder.gov.sa (underconstruction) www.najran.gov.sa www.qassim.gov.sa www.jazan.gov.sa www.aljouf.gov.sa www.emartaseer.gov.sa www.tabuk.gov.sa www.albaha.gov.sa www.hail.gov.sa www.easternemara.gov.sa www.imaratalmadinah.gov.sa www.makkah.gov.sa www.riyadh.gov.sa www.redf.gov.sa www.sidf.gov.sa www.sfd.gov.sa www.gosi.gov.sa www.sama.gov.sa www.ports.gov.sa www.pension,gov.sa www.nscsa.com www.socpa.org.sa www.modon.gov.sa www.swa.gov.sa www.sfda.gov.sa www.nazaha.gov.sa www.cma.org.sa www.scfhs.org www.sgs.org.sa www.saso.org.sa www.citc.gov.sa www.rcjubail.gov.sa www.sagia.gov.sa www.scta.gov.sa www.ada.gov.sa Web Address Saudi GazetteSaudi Arab News Albilad Newspaper Asharq Alawsat Newspaper NewspaperAl Madinah Al-Eqtesadia Newspaper Al-Watan Newspaper Newspaper Okaz Al-Yaum Newspaper Al-Jazeera Newspaper NewspaperRiyadh – Makkah Chamber ofCommerce &Industry -Jeddah Chamber ofCommerce &Industry – Madinah Chamber ofCommerce &Industry – Eastern Region Chamber ofCommerce &Industry ChamberofCommerceRiyadh &Industry Council ChambersofCommerce ofSaudi &Industry NAS Airlines ArabianSaudi Airlines Saudi StockSaudi Market PressSaudi (SPA) Agency &Income ofZakat TaxDepartment (DZIT) TrafficArriyadh Department Abdulaziz FoundationKing for Research &Archive ArabianSaudi Agricultural Bank General Directorate for Passports General Audit Bureau for Abdulaziz City King Science & Technology (KACST) CustomsSaudi General Presidency for Environment Protection &Meteorology Arab National Bank SAMBA Financial Group (previously Bank) American Saudi InvestmentSaudi Bank FransiBanque Saudi HollandiBank Saudi SABB Bank Riyadh Al Jazeera Bank Al Inma Al BiladBank National Commercial Bank Bank Al Rajhi Industrial andCommercial (Licensed-not yetIndustrial operating) BankofChina(ICBC) T.C.ZIRAAT A.S. BANKASI State (SBI) BankofIndia National BankofPakistan (NBP) J.P. Morgan ChaseN.A BNP Paribas Bank Deutsche Muscat Bank National BankofKuwait (NBK) National BankofBahrain (NBB) Emirates NBD Gulf International Bank(GIB) Name ofOrganization Licensed Foreign Branches Bank Saudi Airline CompaniesSaudi Saudi DailyNewspapersSaudi Chambers ofCommerce Local Banks www.saudigazette.com.sa www.arabnews.com www.albilad-daily.com www.asharqalawsat.com www.al-madina.com www.aleqt.com www.alwatan.com.sa www.okaz.com.sa www.alyaum.com www.al-jazirah.com www.alriyadh-np.com www.makcci.com www.jcci.org.sa www.madcci.org.sa www.chamber.org.sa www.riyadhchamber.org.sa www.saudichambers.org.sa www.flynas.com www.saudiairlines.com www.tadawul.com.sa www.spa.gov.sa www.dzit.gov.sa www.rt.gov.sa www.darh.org.sa www.saab.gov.sa www.passport.gov.sa www.gab.gov.sa www.kacst.edu.sa www.customs.gov.sa www.mepa.org.sa www.anb.com.sa www.samba.com.sa www.saib.com.sa www.alfransi.com.sa www.saudihollandibank.com www.sabb.com.sa www.riyadhbank.com www.baj.com.sa www.alinma.com www.bankalbilad.com.sa www.alahli.com www.alrajhibank.com.sa http://www.icbc.com.cn http://www.ziraatbank.com.tr http://www.sbi.co.in http://www.nbp.com.pk http://www.citytowninfo.com/mortgage-articles http://www.bnpparibas.com https://www.db.com http://www.bankmuscat.com http://www.nbk.com http://www.nbbonline.com http://www.emiratesnbd.com http://www.gib.com Web Address 143 Investment Climate in Arriyadh 2015 This Report Was Prepared By

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