Investment law in Saudi Arabia in atrracting FDI

Abstract

This research critically analyses Investment Law of Saudi Arabia in enabling the country to attract higher foreign investment, in alignment with the country's Vision 2030 objectives. The research identifies three key aspects of the country's legal environment crucial for foreign investment: consistency, predictability, and efficiency. Although Saudi Arabia's current Foreign Investment Law embodies principles of equality, protection, and sustainability, complexities and ambiguities are present too which deter potential investors. The research recommends simplification of regulatory provisions and a harmonized policy framework across all governmental bodies to mitigate perceived risks and complexities and improving Saudi Arabia's gravitation to foreign investors.