Browsing by Author "Ramadhan, Lojin"

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A Critical Comparative Study of the Investment Law in Saudi Arabia and Egypt
(Saudi Digital Library, 2023-11-21) Ramadhan, Lojin; Florou, Aikaterini
In the backdrop of evolving global markets, states have increasingly focused on enhancing their foreign investment climate to attract new business prospects and foster economic growth. Over the years, Egypt and Saudi Arabia have demonstrated their strong commitment to economic diversification and willingness to reform their investment regime to meet international investors' growing expectations and requirements. This research paper offers a comprehensive comparative analysis of the investment frameworks in Saudi Arabia and Egypt. In doing so, the research highlights the historical evolution of the investment regimes within these two countries. A crucial aspect of this investigation is the examination of the compatibility of Sharia law with contemporary business requirements. As it will be shown, both states have adeptly navigated the integration of Sharia law into modern legal structures and have devised effective, fair, and transparent legal systems. Furthermore, the research explores Saudi and Egyptian efforts to create favourable investment opportunities. It will be shown that Egypt is more liberal and open to investors than Saudi Arabia. However, Saudi Arabia has been able to codify its investment framework better and provide investors with full information about investment opportunities and incentives openly and transparently. The findings of this study contribute to a broader understanding of effective strategies for attracting foreign investment and providing practical guidance for states seeking to revitalise their investment regimes in line with contemporary economic dynamics.
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