Money & BusinessSaudi Arabia

New Saudi law promotes equality among foreign and local firms

Saudi Arabia’s new investment law is expected to increase international business by 50 percent, as it treats both local and foreign investment equally, removing any commercial advantage previously extended to Saudi companies.

Under the new law, both local and foreign investors will be subject to the same sectoral approval requirements for licenses and registration, as well as for approvals or permits for certain economic activities or special economic zones.



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