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Saudi Arabia grants licenses to more than 200 projects with 100% foreign ownership A man counts Saudi riyal banknotes at a market in Riyadh, Saudi Arabia on 3 October 2016 [Fayez Nurdeline /AFP/Getty Images] December 24, 2020 at 4:00 am Saudi Arabia has granted licenses to more than 200 projects with 100 per cent foreign ownership during the third quarter of this year, Saudi Arabia s Investment Highlights reported. According to the report, Saudi Arabia has licensed 306 new foreign investment projects; a 21 per cent year-on-year increase relative to 2019. Overall, Saudi Arabia licensed 812 new foreign investment projects in the first nine months of 2020, which represents only a three per cent slowdown compared to the same period last year, it added.

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