Analysis
With new investment law, Saudi Arabia looks to reassure foreign investors
Riyadh looks to incentivize investors to participate in the diversification of its economy, as its Vision 2030 deadline looms nearer.
DUBAI — Saudi Arabia this month introduced reforms to its investment law in a bid to attract foreign direct capital, streamline financial processes and continue diversifying its economy away from oil.
Background
The new law, published on Aug. 11, replaces the older foreign investment law from 2000 and applies to both local and foreign investors in Saudi Arabia. The amended investment law, which enters into force on Feb. 7, 2025, is designed to improve the business landscape in Saudi Arabia as it grows closer to its Vision 2030 deadline for a more diversified economy.
What it entails
