The Government's Ministry of Commerce & Industry has a major role in developing Saudi Arabia's home appliances sector, particularly through its Industrial Clusters program (IC).
Industrial Clusters support to home appliances investors includes:
In Saudi Arabia, foreign companies enjoy all the benefits, guarantees and incentives offered to Saudi-owned companies.
Any equipment required for a project that cannot be sourced from Saudi Arabia, such as some manufacturing machinery, is exempt from import duties.
KSA exporters with over 60% national content benefit from unlimited, tariff-free access to Gulf Cooperation Council and Greater Arab Free Trade Area markets, comprising a total of 13 other countries.
Industrial Clusters can advise on accessing finance such as
Public Investment Fund loans, Saudi Industrial Development Fund
loans and private venture capital.
Other Investment incentives and
support includes the Human Resources Development Fund,
which provides financial support for training and employment; and
innovation grants.
Once a project is operational, capital, dividends and profits can be repatriated without restriction.
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