VOL. XLIII

No. 15

10-April-2000

SAUDI ARABIA

Saudi Arabias Shura Council Approves New Foreign Investment Law

The Saudi Arabian Shura Council on 28 March approved the investment law aimed at attracting foreign capital, according to the state-owned Saudi Press Agency (SPA). The SPA reported that "the Shura Council completed discussions on the foreign investment law" on 27 March. The law the exact contents of which have yet to be revealed still has to be approved by King Fahd and the cabinet,...