VOL. XLIII
No. 16
17-April-2000
SAUDI ARABIA
Final Approval For Saudi Arabias Foreign Investment Law
At a meeting chaired by King Fahd ibn 'Abd al-'Aziz on 10 April, the Saudi cabinet approved the new foreign investment law and the law for the establishment of the Public Investment Authority (PIA), whose main purpose is to encourage foreign investments in the kingdom. The two laws will shortly be published in the Saudi Official Gazette as Royal Decrees and will come into effect 30 days after the...
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