Saudi Gazette report

 

RIYADH — Middle East leaders are expected to approve today an agreement that permits Arab investors to stay in any Arab country and move freely, without hindrance from one state to another.



The agreement is likely to be signed during the 3rd Arab Economic, Social, and Development Summit in Riyadh.



Arab investors will also be given freedom to invest their money in several business fields under each country’s regulations and laws.

The 33-article agreement will end any obstacles that thwarted efforts to bolster Arab economic inter-trade.

A report written by the Gulf Cooperation Council General Secretariat cited bureaucratic measures as one of the major stumbling blocks that hindered the enhancement of trade exchange.