currenturl

Features of Saudi Arabia Trade and Industry Policy

The Kingdom takes a free market approach to its trading policy that places no restrictions on individual initiative or the role of the private sector in business and development. Saudi trade policy provides for trade liberation, boosting the role of the private sector, diversification of the economic base, the realization of economic stability, the avoidance of sharp fluctuations, the transfer of technology, the expansion of Economic Offset Programs and ensures economic integration between GCC countries, thus developing and maximizing the country’s commercial relationships. The national economic policy provides for diversification of the economic base by decreasing dependence on the export of crude oil.


Last Modified Date: 01/03/2021 - 12:52 PM Saudi Arabia Time
Complementary Content
${loading}