Why Saudi Arabia? Vision 2030 and an Unprecedented Investment Climate

Under its ambitious 'Vision 2030' plan, the Saudi Arabian government has identified the mining sector as the "Third Pillar" of the national economy, designed to diversify away from oil and gas dependence. AL-SOR CHARKI is capitalizing on this opportunity to expand its operations in the Kingdom, which offers a highly favorable investment environment for foreign companies:

• 100% Ownership Opportunity: Foreign investors can secure complete ownership in the mining sector, significantly reducing investment risk.

• Low Corporate Tax: The corporate tax rate is a competitive 20%.

• Attractive Subsidies: The government provides subsidies of up to 75% on Fixed Assets, substantially lowering the initial capital expenditure for projects.

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These incentives are not just attractive; they serve as a powerful catalyst for attracting mining companies globally to establish a presence in Saudi Arabia.