On August 11, 2024, the Kingdom of Saudi Arabia unveiled a new Investment Law,1which repeals the existing Foreign Investment Law2(“New Investment Law”) to enhance attraction of international investments and equality between domestic and foreign investors. The New Investment Law will take effect ...
Saudi Arabia’s new Investment Law 2024 A new Investment Law (Royal Decree No. M19/1446) looks set to bring in a new wave of investment into the Kingdom of Saudi Arabia, potentially offering wider opportunities for investors in domestic companies than ever before, with enhanced investor protect...
RIYADH, Aug. 11 (Xinhua) -- Saudi Arabia has approved an updated investment law to attract foreign investors, said the country's investment ministry on Sunday. The updated law consolidates several existing freedoms and rights, providing investors with greater transparency, flexibility, and confidence...
Saudi Arabia issued a newCompanies Lawon 4 July 2022, following approval by the Saudi Cabinet on 28 June 2022, replacing the previous law of 2016. It covers all types of company, whether commercial, professional or non‑profit. Under the new law, small or micro companies are exempted from...
The article focuses on the new law of arbitration in Saudi Arabia and its impact on Saudi investors. It notes that the new law stipulates matters that are expected to promote the country's investment flow. It points out that the new arbitration law does not only affects Saudi investors but ...
Saudi Arabia’s growth outlook remains positive and its financial position is strong, the International Monetary Fund has said in its latest assessment
Saudi Arabia has passed new legislation to help increase private sector involvement in the economy. On 16 March 2021 the Council of Ministers passed the Private Sector Participation Law, creating a better framework for both foreign and domestic investors
RIYADH, Sept. 12 (Xinhua) -- Chinese Premier Li Qiang's visit to Saudi Arabia, which concluded on Wednesday, has underscored the role of investment and trade as a key pillar of the China-Saudi Arabia relationship. During his brief stay of less than 24 hours, Li held intensive meetings wi...
In the context of the Saudi tourism sector, the NTP aims at marketing Saudi Arabia as a tourist destination regionally and globally through the development of advanced infrastructure, the preparation of the necessary regulations and legislation, and the building of institutional capacities, all of whic...
Saudi Arabia boosts sovereign wealth fund with transfer of $80bn Aramco stake Kingdom adds firepower to the Public Investment Fund tasked with overhauling economy March 28 2023 Saudi Aramco strengthens China ties with two refinery deals Huge supply contracts come as Russia eats into Saudi Arabia’s...