— The Saudi Cabinet has
decided to ease visa restrictions
for foreign businessmen in hopes
that it will encourage investment
in the kingdom, particularly in
the fields of desalination, power
generation, oil, gas, petrochemicals,
railways and telecommunications.
Under the new visa guidelines,
foreign businessmen will be able
to obtain multiple-entry visas
valid for one year without having
to provide an invitation letter from
a Saudi company or the chamber
of commerce and industry.
Saudi Arabia is seeking over $348
billion USD in foreign investment
Fahd Al Sultan, secretary-general
of the Council of Saudi Chambers
of Commerce and Industry, said
the move would make the country's
investment climate more attractive
and would promote foreign trade...
Saudi Arabia: Kingdom Eases Visa Rules to Encourage Investment
8 Oct 2007 by Local Press Report
Saudi Arabia, JEDDAH
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