Bawardi, vice president of the EPCCI. He said the Kingdom now offers the best destination for foreign investors. Our private sector is very robust and contributes 47 percent to the country's gross domestic products (GDP). We also assure you that Saudi Arabia is among the safest countries to invest in. Tax on foreign investment is now pegged at 20 percent, Al-Bawardi said. The strength of Saudi economy, the recent accession to the WTO, the liberalization policy and the opening of the economy have all helped in boosting international business confidence in Saudi Arabia. Brewer said the Kingdom remains Britain's largest trading and investment partner in the Middle East and looks forward to strengthening bilateral ties even further. There are over 150 UK/Saudi joint ventures with a total investment of $3.5 billion. The Kingdom is the UK's 25th largest export market, and largest trading and investment partner in the Middle East.
