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Saudi Ministry of Finance: ‘No Government Fees on Outward Remittances’ | ASHARQ AL-AWSAT English Archive 2005 -2017
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Ministry of Finance, Riyad – SPA

Riyadh -The Saudi Finance Ministry said on Sunday there would be no fees applied on outward remittances.

Saudi Arabia is “committed to the principle of free movement of capital in and out of the kingdom in line with international standards,” the ministry said on its official Twitter account.

These confirmations come at a time non-oil economy in Saudi Arabia scored the highest growth rates in 2015 as transportation sectors recorded 6.1%, construction sector scored 5.6% and services scored 5.1%.

Notably, there are various investment opportunities in the Kingdom, especially in the energy sector, logistic services, health, education, tourism and information and communication technology – which makes Saudi Arabia an attractive investment platform in light with the Kingdom’s vision 2030.