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Incentives for the Industrial Sector

 

No corporate or income tax

Allowing 100% foreign investment ownership

Competitive rental rates for Industrial plots managed by the Ministry of Industry & Commerce

Competitive cost of setting up and operating a company in comparison with other GCC countries

Comprehensive onboarding and aftercare services

Availability of government support programs for individuals and establishments through the Labor Fund (Tamkeen)

Exemptions of customs duty for industrial manufacturing, including raw materials imports, plant machinery, equipment and spare parts

Extensive duty-free access for products from several countries such as; GCC, USA, Singapore, 14 Arab countries, Norway, Switzerland, Iceland, and Liechtenstein