About Saudi Arabia

Saudi Arabia is considered to be a favourable investment destination, ranked thirteenth in 2010 by the World Bank out of 183 countries in terms of ease of doing business and ranked first in the Middle East region. The country benefits from developed infrastructure including roads and ports, low cost energy and in-country construction expertise.

Advantages include:

• Tax – 20% corporate tax (nil personal tax rate)
• Royalties – nil
• Saudi Industrial Development Fund (SIDF) – supports local projects with financing (up to 75%) at sub-LIBOR rates
• Foreign ownership – 100% permitted
• Profits and Capital – 100% repatriation. Nil import duties for CAPEX
• Tenure certainty – from exploration to mining
• Roads – bitumen highway and road to mine gate
• Power – 33KVA power line to site
• Water – 15km to aquifer (low salinity)
• Fuel – Delivered to site US $0.08/L (diesel)