VOL. XLIII

No. 45

6-November-2000

SAUDI ARABIA

Saudi Supreme Economic Council Calls For Shorter Negative List For Foreign Investment

The spearhead for Saudi Arabias liberalization drive, the countrys Supreme Economic Council (SEC), has rejected the list of sectors open to foreign investment proposed by the recently established General Investment Authority (GIA) in favor of a wider range of openings for foreign capital. According to a report in the daily Arab News on 24 October, the SEC has called...