NEGATIVE LIST

 

Negative List: (Activities excluded from Foreign Investment)

The Supreme Economic Council (SEC) approved the list of economic sectors from which foreign investors will be excluded under the new Foreign Investment Law.  The economic activities that are not open to foreign investors are: 

 

Manufacturing Sector

1

Oil exploration, drilling and production.

Except the services related to mining sector listed at (5115+883) in International Industrial classification codes.

2

Manufacturing of military equipment, devices and uniforms.

3

Manufacturing of civilian explosives.

 

Service Sector

1

Catering to military sectors.

2

Security and detective services.

3

Insurance services (until the issuance of the new Insurance Act)

4

Real estate investment in Makkah and Madina.

5

Tourist orientation and guidance services related to Hajj and Umrah.

6

Recruitment and employment services including local recruitment offices.

7

Real estate brokerage.

8

Printing and publishing. Except the following activities:

·         Pre-printing services internationally classified at 88442

·         Printing Presses internationally classified at 88442

·         Drawing and calligraphy internationally classified at 87501

·         Photography internationally classified at 875

·         Radio and Television Broadcasting Studios internationally classified at 96114

·         Foreign Media Offices and Correspondents internationally classified at 962

·         Promotion and Advertising internationally classified at 871

·         Public Relations internationally classified at 86506

·         Publication internationally classified at 88442

·         Press Services internationally classified at 88442

·         Production, selling and renting of computer software internationally classified at 88

·         Media consultancies and studies internationally classified at 853

·         Typing and Xeroxing.

9

Distribution services, wholesale and retail trade including medical retail services and private pharmacies. And commercial agencies, except franchise rights listed at (8929) by international industrial classifications, with foreign ownership not exceeding (49%), and the granting of one franchise to each area.

10

Audiovisual and media services.

11

Telecommunications services. Except the following activities:

·         Telex services internationally classified at 7523

·         Telegraph services internationally classified at 7522

·         Electronic Data Interchange internationally classified at 7523

·         Enhanced/value-added facsimile services, including storage, forwarding, and retrieving internationally classified at 7523

·         Vsat services internationally classified at 75291

·         Fax services internationally classified at 7529 + 7521

·         GMPCS services internationally classified at 75299

·         Internet Service Provider services internationally classified at 75299

·         Electronic Mail internationally classified at 7523

·         Provision of online information and database retrieval internationally classified at 7523

·         Information provision and online retrieval and/or processing, including transaction processing internationally classified at 843

12

Land and air transportation.

13

Satellite transmission services.

14

Services rendered by midwives, nurses, physio-therapists and paramedics listed at 93191 by international classification codes.

15

Fisheries.

16

Blood banks, poison centers and quarantines.

 
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