RIYADH: Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, has approved the abolition of fees imposed on expatriate labor in industrial facilities licensed under an industrial permit, following a recommendation from the Council of Economic and Development Affairs.
The Saudi Press Agency reported that the decision reflects the Kingdom’s ongoing support for the industrial sector and aligns with the crown prince’s commitment to empowering national factories, enhancing their sustainability and global competitiveness, and advancing Saudi Vision 2030’s goal of a resilient, diversified industrial economy.
The decision to abolish the financial levy on expatriate workers in industrial facilities will enhance the global competitiveness of Saudi industry and expand the reach of non-oil exports in international markets, said Minister of Industry and Mineral Resources Bandar Alkhorayef.
In remarks to SPA, Alkhorayef stated that the decision reflects the continued support and empowerment provided to the industrial sector by the crown prince. He emphasized that industry remains a key pillar of national economic diversification under Saudi Vision 2030.
He explained that the move will strengthen sustainable industrial development in the Kingdom, enhance national industrial capabilities, and attract high-quality investments, supported by the incentives and enablers offered by the industrial ecosystem.
