Riyadh at night

Riyadh offers 30-year tax break to entice more businesses to Saudi Arabia


Issue 1183 - 04 Jan 2024 | 2 minute read

The Saudi offer of long-term tax incentive comes just before new rules are introduced in January stipulating that international companies must base their regional headquarters in the kingdom if they want to compete for government contracts. Saudi Arabia has made the most high-profile recent moves to attract foreign investment, but even the more conservative Kuwait and ‘revolutionary’ Iran are easing terms for incomers.

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