Saudi Arabia is quite supportive of this type of aquaculture industry.
The conditions offered by Kasim here include tax exemptions for the first three years, followed by tax reductions, and duty-free import of all equipment needed for fish farming.
The conditions offered by Kasim can be considered quite favorable.
Saudi Arabia has been seeking industrial transformation for these years, so they are very supportive of any self-sufficient industry or industries other than oil.
After chatting with Kasim, Chen Yiyang did some calculations.
With tax incentives, if he uses expat executives from home and local labor in Saudi Arabia, labor costs would actually be lower than back home.
Because the laborers coming from Southeast Asia or Africa to work in Saudi Arabia have very low wages.
However, in terms of labor costs, it's only slightly higher than in Myanmar.
