(MENAFN) The Shoura Council of Saudi Arabia decided to take action to make the country more "investment-friendly", Arabian Business reported.
The country is planning to implement new incentives and a committee has been formed to review and amend the Foreign Investment Law.
The Assistant President of the Council said that several members believe the current law does not help in sustaining the Kingdom's development or diversifying its revenue base, in addition to its ineffectuality in providing more jobs for Saudis.
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