Saudi Arabia Introduces New Updates for Its Investment Law
The law is intended to improve the Kingdom's appeal as a global investment destination by offering new opportunities for both local and foreign investors.
Saudi Arabia will implement its updated Investment Law and executive regulations starting in early 2025, as announced by Minister of Investment Khalid Al-Falih. The law is intended to improve the Kingdom's appeal as a global investment destination by offering new opportunities for both local and foreign investors.
Read More: Saudi Arabia is Going All in on Sports
This update is part of Saudi Arabia's Vision 2030 and the National Investment Strategy. The law brings together various investor rights under a single framework, ensuring greater transparency and flexibility.
The updated law aligns with international best practices and is compatible with treaties such as those of the Gulf Cooperation Council (GCC) and the World Trade Organization (WTO). Key features include enhanced investor rights, simplified regulatory processes, fair competition, and effective dispute resolution mechanisms.
It also offers access to advanced dispute resolution through the Saudi Arbitration Center and affiliated entities.
Saudi Arabia's investment-friendly policies have led to notable outcomes, with gross fixed capital formation rising by 74% to nearly $300 billion in 2023, and FDI inflows growing by 158% from $7.46 billion in 2017 to $19.3 billion in 2023.