VOL. XLIII

No. 22

29-May-2000

SAUDI ARABIA

Saudi Foreign Investment Regulations

The Saudi Foreign Investment Regulations and the law for the establishment of the General Investment Commission were first promulgated last April by the Saudi cabinet (MEES, 17 April). The laws aim to encourage foreign investments into the Kingdom by addressing issues such as ownership rights, taxation, sponsorship, capital movement and investment procedures. The texts of the two official documents were originally...