Minister of Investment Decision No. 34 of 2013

Minister of Investment Decision No. 34 of 2013

Based on:

• The Investment Law No. (1) of 2003
• Minister of Investment Decision No. (34) of 2003 regarding the establishment of the Investment Facilitation Center
• Minister of Investment Decision No. (13) of 2003 regarding the organizational structure of the Ministry of Investment
• Minister of Investment Decision No. (11) of 2003 regarding the organizational structure of the Investment Facilitation Center
• Minister of Investment Decision No. (111) of 2012 regarding the organizational structure of the Investment Facilitation Center
• Minister of Investment Decision No. (30) of 2002 regarding the organizational structure of the Ministry of Investment

We have decided as follows:

Article 1 The Investment Facilitation Center is hereby established within the Ministry of Investment, subject to the provisions of this Decision.

Article 2 The Center shall be headed by a Director General, who shall be appointed by a decision of the Minister of Investment.

Article 3 The Center shall have the following departments:

1. Administrative and Financial Affairs Department
2. Investment Facilitation Department
3. Investment Information and Statistics Department

Article 4 The Center shall be responsible for:

1. Facilitating investment procedures and providing necessary assistance to investors.
2. Coordinating with relevant authorities to resolve obstacles facing investors.
3. Providing information and statistics related to investment activities.
4. Monitoring the implementation of investment laws and regulations.
5. Preparing reports and studies related to the investment climate.

Article 5 The Director General of the Center shall be responsible for:

1. Leading the work of the Center and directing its activities.
2. Representing the Center before relevant authorities and institutions.
3. Preparing the annual work plan and budget for the Center.
4. Supervising the implementation of the Center's programs and projects.
5. Submitting periodic reports to the Minister of Investment regarding the Center's activities.

Article 6 The Administrative and Financial Affairs Department shall be responsible for:

1. Managing the Center's administrative and financial affairs.
2. Preparing the Center's budget and monitoring its implementation.
3. Managing human resources and administrative services.
4. Maintaining the Center's archives and records.

Article 7 The Investment Facilitation Department shall be responsible for:

1. Receiving and processing investment applications and requests.
2. Coordinating with relevant authorities to facilitate investment procedures.
3. Providing guidance and assistance to investors regarding investment laws and regulations.
4. Monitoring the implementation of investment commitments.

Article 8 The Investment Information and Statistics Department shall be responsible for:

1. Collecting and analyzing investment data and statistics.
2. Preparing reports and studies on the investment climate.
3. Maintaining the Center's database and information systems.
4. Publishing investment information and updates.

Article 9 The Center shall have the following organizational units:

1. Director General's Office
2. Administrative and Financial Affairs Department
3. Investment Facilitation Department
4. Investment Information and Statistics Department

Article 10 The Center shall be funded from the Ministry of Investment's budget, subject to the provisions of the Financial Regulations.

Article 11 This Decision shall be published in the Official Gazette and shall take effect from the date of its publication.

Minister of Investment Dr. Ali Al-Haidari

Date: 14/02/2013

Reference: Minister of Investment Decision No. (268) of 2013 Page: 331 - 2012 / 5561