PXL/HO/Cir-137/2020-21                                                       Date: 04.03.2021

                                                                                                Hyderabad

Dear Sir/Madam,

Subject: New reforms on the investment environment in Saudi Arabia for foreign investors.

We are glad to inform our members - exporters - that Saudi Arabia has enacted new reforms and provides a new environment for investment opportunities for foreign investors in their country.

An Oversight and Anti-Corruption Authority (Nazaha) whose objective is to achieve the Saudi 2030 vision has been formed. The detailed objective and role of Nazaha's and a detailed presentation regarding reforms of the Saudi Business Environment is enclosed for information.

Members interested in this opportunity can contact at below address for further questions or inquiries in this regard at business_support@gaft.gov.sa.

Best Regards,

Udaya Bhaskar

Director General

Encl: Reforms of the Saudi Business Environment