Middle East

Saudi Arabia's Council of Ministers has approved a new investment law, building on previously announced reforms under Vision 2030 and the National Investment Strategy. This updated law consolidates various existing freedoms and rights into a single, unified framework, providing investors with greater transparency, flexibility, and confidence. Key features of the updated law include: Enhanced Investor Rights: The law ensures the rule of law, fair treatment, property rights, intellectual property protection, and the freedom to manage investments and transfer funds seamlessly. Transparency and Clarity: The updated law unifies the rights and duties of investors under a clear legal framework, aligned with international best practices. Eased Regulatory Restrictions: A simplified reg...