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HomeBusinessSaudi Arabia Introduces Customs Exemption for Industrial Firms

Saudi Arabia Introduces Customs Exemption for Industrial Firms

New initiative supports industrial investors and boosts economic diversification

September 18, 2024
in Business
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Saudi Arabia has introduced a customs exemption for industrial businesses to help diversify and strengthen its economy.

The Ministry of Industry and Mineral Resources has launched this service through the Senaei platform to aid industrial facilities with licenses during their construction phase.

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This initiative removes customs duties on raw materials used in experimental production within set quantities, enhancing the industrial sector’s competitiveness.

Key Benefits:

  • Supports industrial investors at all project stages
  • Aids in research and development
  • Facilitates experimental production and workforce training
  • Ensures quality assessments of materials

To apply for the exemption:

  1. Log in to the service using the industrial facility’s account on the Senaei platform
  2. Submit the application through the dedicated icon
  3. Await the exemption decision

The ministry encourages eligible facilities to use the Senaei platform, which provides various electronic services to support the industrial sector.

Tags: customs exemptioneconomic diversificationIndustrial SectorSenaei platform
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