Saudi Arabia has modernized its investment system to provide an attractive, supportive, and safe environment for local and foreign investors, as part of its efforts to attract more foreign capital to support economic diversification. According to a statement issued by the Investment Ministry, the new update will enhance investors' rights, contribute to economic development, and create job opportunities by providing an attractive investment climate for investments.
The new amendments include "facilitating the establishment of an investment, owning assets in it, exiting or liquidating it", guaranteeing "investor rights and their promotion", "equal treatment between domestic and foreign investors", "ensuring transparent, effective and fair procedures for the investor and his investment", and "protecting intellectual property and freedom in managing investments and transferring funds".
Source (Al-Sharq Al-Awsat newspaper, Edited)
