Monday 31 January 2011

Foreign investor bans in Saudi to end ‘very soon’, says gov’t advisor - Banking & Finance - ArabianBusiness.com

As Saudi Arabia bids to grow its private sector, the kingdom is likely to remove the bans on international investment in some of its business sectors, an advisor to the government has said.

Saudi currently bans foreign investment in oil and gas exploration, health, education, media and retail – as well as all military and security-related sectors.

The government reviews the list on an annual basis.

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