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Initiatives and Reforms

Initiatives and Reforms

To reach a comprehensive improvement in KSA’s business environment and to raise its global competitiveness, the National Competitiveness Center launched more than 300 initiatives and reforms, that aim to address the challenges facing the private sector, which included reforms in the legislative and procedural aspects, through cooperation with the related government agencies.​​

    Trading across Borders
    • Clearing containers in 24.
    • Launching “Fasah” unified platform for export and import services.
    • Creating and applying new and transparent procedure for customs clearance.
    Enforcing contracts
    • raising lawsuits, making enrollment, referral, notification, online judgments, also reducing the duration of enforcement in commercial cases, and limiting the number of sessions adjourned to 3 times max
    • Automation of procedures for raising lawsuits and making enrollment, referral and notification suits online.
    • Identifying time limits for judicial hearings.
    • Publishing judgments issued on commercial suits online.
    • Developing a system for commercial suits indicators and statistics.
    • Implementing pre-trial hearings within lawsuits management techniques.
    • Reducing the duration and steps required to adjudicate on commercial suits.
    • Developing an online platform to file complaints and grievances.
    • Launching the new Saudi Centre for Commercial Arbitration that provides alternative channels to settle commercial disputes.
    • Limiting the number of sessions adjourned to 3 times max in emergent cases.
    Stating a Business
    • Automatic online registration in the Ministry of Labour and Social Development, the Social Insurance Institution and the General Authority of Zakat and Tax immediately after the issuance of commercial register.
    • The ability to pay commercial register fees electronically.
    • Cancelling the requirement of opening an under-formation bank account upon the start of business.
    • Issuance of municipal licenses for commercial stores online instantly.
    Dealing with Construction Permits
    • Developing “Baladi” platform to apply for licences online.
    • Re-design the procedure of issuing construction licences and reducing their amount.
    • Identifying liability for Defects in Construction.
    Dealing with Construction Permits
    • Launching “BARQ” service that enables businesses to get electricity online by following two steps, cancelling the requirement of submitting Certificate of completion construction to deliver the service and revoking the bureaucratic obstacles.
    • Connecting with “Baladi” platform to start electricity connection once the notification of construction commencement is received online.
    • Applying a fine system on electricity service providers in case of power outage or connection delay.
    Registering Property
    • Digitalizing all documents and establishing an integrated digital database for title deeds.
    • Publishing all registration forms and requirements or transfer property online.
    • Following a transparent mechanism for compensation for damages in case of errors.
    • Developing an online platform to submit and document grievances and complaints.
    • Developing an online platform that allows access to information on commercial property deeds.
    • Reducing the number of days required to issue judgments related to commercial property suits.
    Getting Credit
    • Issuance of a commercial mortgage system and its implementing regulation.
    • Launching and operating the unified register for commercial mortgages and issuing the Regulation of the Registry.
    • Promoting and keeping legal rights and allowing allow out-of-court enforcement of security interests.
    Protecting Minority Investors
    • Immediate disclosure on commercial deals by company’s directors and boards.
    • A board member in a company shall offer to sell his/her share to other board members before offering them to non-members.
    • Allowing the association’s members who own 10% of the company’s shares to call for members’ meeting.
    • Guaranteeing to provide minority litigated investors with evidence and document on any lawsuit from the company.
    • Holding company’s directors and executives accountable for any misuse of corporate assets, transactions or any bad business that may cause harm to the interest of stakeholders.
    • Enabling minor investors to question company’s directors and board members in the legal court.
    Paying Taxes
    • Following an audit approach to allow a maximum benefit from human resources, boost productivity and increase efficiency.
    • Prepare and fill tax returns online.
    • Improving the procedure and time of VAT refund.
    Contracting with The Government
    • Automation of the governmental competitions stages by launching “Etimad” platform.
    • Adopting new system for governmental competitions and purchases.
    Settlement of bankruptcies
    • Issuing the new insolvency system and its Executive Regulation.
    • Establishing insolvency committee as an independent agency which contributes to improve trust in insolvency procedure by building the capacities of workers in the field, improving efficiency of procedures and promoting its transparency.
    Women Participation in Development
    • Adopting laws that provide women fair employment opportunities, wages, maternity leaves and retirement.
    • Adopting laws that prohibit harassment in workplaces and public places.
    • Removing obstacles that prevent woman from accessing leading positions in the government, including ambassador and assistant minister positions.
    • Providing new opportunities to women to invest, take risks and start their own businesses.
    • Enabling women to occupy new professions, including military, sport, law and aviation careers.
    • Guaranteeing a fair access to all government services.
    • Increasing women ability to seize opportunities in the social field, including sports and entertainment.
    • Establishing women right to start and operate businesses.
    • Removing obstacles that prevent women from getting financial services, including getting loans.
    • Achieving equality in registration of marriage, divorce, death and selection of residence address.
    • Allowing women to drive and travel.