Reforms shaping the new Saudi business landscape

SourceSaudi Gazette
CountrySaudi Arabia

RIYADH — A virtual dialogue to discuss the recent reforms that have been implemented in Saudi Arabia in an effort to ease conducting business by creating and fostering a fair and transparent playing field was held under the aegis of the American Chamber of Commerce Saudi Arabia (AmChamKSA) and the Saudi Arabian Oversight and Anti-Corruption Authority (Nazaha).Seven other leading Saudi authorities including: Ministry of Investment (MISA), General Authority of Foreign Trade (GAFT), Saudi Standards Saber Platform (SASO), Ministry of Finance Etimad Platform (MoF), General Authority of Zakat and Tax (GAZT), National Competitiveness Center (NCC), and Saudi Customs Authority (SCA), also participated.Central to Saudi Arabia's reforms process is the Saudi Vision 2030's national development strategy, the far-reaching blueprint for reducing oil dependency, diversifying the local economy, improving public services and encouraging more overseas trade.Crown Prince Muhammad Bin Salman has pushed through social and economic reforms as part of the plans to modernize the Kingdom and attract foreign investment under a diversification drive.By gradually redefining the role oil and the state should play in more...