The Council of Ministers,
after perusal of Royal Court File 29088 dated 19 Rabi Al-Thani 1445 [3 November 2023], which includes the Minister of Investment, Chairman of the Board of Directors of the Saudi Investment Promotion Authority, Telegram 3734 dated 17 Rabi Al-Thani 1445 [1 November 2023] regarding the draft System of the Saudi Investment Promotion Authority,
after perusal of the mentioned draft system,
after perusal of the Organizational Arrangements of the Saudi Investment Promotion Authority issued by Council of Ministers Decision 13 dated 4 Muharram 1444 [2 August 2022],
after perusal of Council of Ministers Decision 721 dated 26 Shawwal 1444 [16 May 2023] and Decision 203 dated 30 Safar 1446 [3 September 2024],
after perusal of Bureau of Experts at the Council of Ministers Memorandum 3027 dated 18 Sha’ban 1445 [28 February 2024], Memorandum 188 dated 10 Muharram 1446 [16 July 2024], and Memorandum 1970 dated 7 Jumada Al-Thani 1446 [8 December 2024],
after perusal of Council of Economic and Development Affairs Recommendation 11/46/RC dated 25 Safar 1446 [29 August 2024],
after perusal of Council of Economic and Development Affairs Recommendation 10-25/46/D dated 25 Jumada Al-Thani 1446 [26 December 2024],
and after perusal of General Committee of the Council of Ministers Recommendation 8284 dated 14 Sha’ban 1446 [13 February 2025],
hereby decides
First
The System of the Saudi Investment Promotion Authority is hereby approved in the form attached.
Second
The system—stipulated in clause First above—hereby replaces the Organizational Arrangements of the Saudi Investment Promotion Authority issued by Council of Ministers Decision 13 dated 4 Muharram 1444 [2 August 2022],
Third
The Board of Directors of the Saudi Investment Promotion Authority shall exercise its mandate to determine the fee stipulated in article 5(8) of the system, in agreement with the Ministry of Finance and the Non-Oil Revenue Development Center, until the issuance and entry into force of the Governance of the Practice of Imposing the Fee for Services and Works Provided by Entities That Have the Legal Authority to Impose a Fee.
Fourth
The Board of Directors of the Saudi Investment Promotion Authority shall exercise its mandates—stipulated in the system—without prejudice to the provisions contained in the Rules for Approving the Provisions Governing the Affairs of Employees in Public Agencies and Their Compensation issued by Council of Ministers Decision 721 dated 26 Shawwal 1444 [17 May 2023],
Fifth
The Board of Directors of the Saudi Investment Promotion Authority shall—in accordance with the provisions of the Council of Ministers Decision 203 dated 30 Safar 1446 [3 September 2024]—carry out the mandates of the board of directors—stipulated in article 5 of the system—until it is formed in accordance with article 4 of the system, provided that this is limited to exercising the mandates of the board related to conducting its business, without including mandates related to approving financial and administrative policies and regulations.
The Prime Minister
Issued on: 4 Ramadan 1446
Corresponding to: 4 March 2025
Published in Umm Al-Qura 5075 issued on 14 March 2025.