Section Code: 0050 - 0053

Board of Investments

INVESTMENT PROMOTION ACT

Chapter 5: Guarantees and Protection

Section 50. Ban of Importing of Similar Products

In the case where the Board is of the opinion that the imposition of special fees under section 49 is inadequate for the protection of the activity of the promoted person, the Ministry of Commerce shall ban the import into the Kingdom of products or commodities of the same kind as, similar to, or substitutable with those produced or assembled by the promoted person in accordance with the law on the control of export and import into the Kingdom of certain goods.

Section 51. Seeking Assistance from the Board

In the case where the promoted person encounters any problem or obstacle in the course of carrying out the promoted activity and lodges his complaints to secure the assistance of the Board, the Chairman shall have the power to render any appropriate assistance or to order the related government agencies, government organizations, or state enterprises to proceed with the assistance without delay.

Section 52. Removing Obstacles

In the case where the structure, rates, or procedure for the collection, of taxes and duties, service charges or fees are found to be an obstacle to the promotable or promoted investments, irrespective of whether a complaint has been lodged with the Board, the Chairman shall have the power to order the related government agencies, government organizations, or state enterprises to take remedial action.

Section 53. If no relief, the Board shall inform Chairman

Any government agency, government organization or state enterprise to which the order of the Chairman has been issued under section 51 or section 52 shall render assistance or take remedial action in accordance with the aforesaid order. If the order cannot be implemented, it shall report to the Chairman with reasons within fifteen days from the date the order was received.

Upon having received the report of reasons under paragraph one, the Chairman may take any appropriate action which shall be final and the government agency, government organization or state enterprise concerned shall comply therewith without delay.