Investment
Saudi Arabia to reform investment law for bolstering ease of investment in business, ET LegalWorld
Saudi Arabia has announced to reform investment law for bolstering ease of investment in business for the purpose of economic diversification by attracting more foreign capital.
The Ministry of Investment stated that the updated investment law shall enhance investor rights by guaranteeing the rule of law, fair treatment and the freedom to transfer funds without delay.
The Ministry has also announced scrapping of foreign investor licences and replacing with a “simplified” registration process, while dedicated service centres will open to help expedite the process of investing in Saudi Arabia.
The reforms w.e.f early 2025.
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