Saudi Arabia introduces a groundbreaking customs exemption for industrial businesses as part of its efforts to diversify and expand the economy. The Ministry of Industry and Mineral Resources has launched a customs exemption service through the Senaei platform, designed to support licensed industrial facilities during their construction and experimental production phases.
Customs Exemption for Industrial Facilities
This initiative waives customs duties on raw materials used in experimental production, within specified limits, enhancing the competitiveness of the industrial sector. It is a testament to the Ministry's commitment to providing support and incentives to industrial investors at all stages of their projects.
How to Apply for the Exemption
To take advantage of the customs exemption service, industrial businesses need to follow these three simple steps:
- Log in to the Senaei platform using your facility’s account.
- Submit your application through the designated icon.
- Await the exemption decision from the authorities.
The ministry encourages all eligible businesses to utilize this service via the Senaei platform, which offers a wide range of electronic services to support industrial facilities, according to a report by Saudi Gazette.
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