600 updates of terms and 150 reviews of regulations made in 17 business sectors: Saudi minister

600 updates of terms and 150 reviews of regulations made in 17 business sectors: Saudi minister

RIYADH — Minister of Commerce Majed Al-Qasabi announced that as many as 600 updates to the terms and requirements, as well as the review of 150 laws and regulations to facilitate the start and conduct of businesses in 17 economic sectors have been completed at the Saudi Center for Economic Business.

These initiatives were integrated with the National Competitiveness Center and other relevant government agencies.

In a tweet on his account on the X platform, Al-Qasabi said that these updates were made in integration with government agencies that provide their services to the business sector with the aim of facilitating the journey of investors in the Kingdom.

Al-Qasabi stated that the efforts of the Saudi Center for Economic Business have contributed to the development of legislative, procedural, and technical initiatives across 17 economic sectors, in collaboration with 112 government agencies concerned with the business sector. “Work teams, which included more than 280 government representatives, were formed to achieve this. The business sector was also engaged to gather their views and opinions during the work of improving the investor journey and re-engineering associated procedures,” he said.

It is noteworthy that the Saudi Center for Economic Business was established by a decision of the Cabinet five