Based on the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,
and in pursuance of public interest,
it is hereby decided
Article I
The activities that are prohibited to be practised by foreign investment are hereby determined in accordance with the attached list.
Article II
The provisions of this decision shall not apply to investment projects existing at the time of its entry into force, and it is prohibited to assign them to third parties without the written approval of the Minister of Commerce, Industry, and Investment Promotion or his authorised representative.
Article III
All that is contrary to this decision, or in conflict with its provisions, is hereby repealed.
Article IV
This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.
Issued on: 22 Rabi Al-Thani 1442
Corresponding to: 8 December 2020
Qais bin Mohammed bin Moosa Al-Yousef
The Minister of Commerce, Industry, and Investment Promotion
Published in Official Gazette 1370 issued on 13 December 2020.
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