VOL. XLII

No 44

1-November-1999

SAUDI ARABIA

New Saudi Arabian Foreign Capital Investment Regime

In a move which many analysts hope may signify anirreversible shift in economic policy, Crown Prince 'Abd Allah ibn 'Abdal-'Aziz of Saudi Arabia announced on 19 October that the Kingdom wouldintroduce a series of legislative reforms aimed at encouraging foreigninvestment. Crown Prince 'Abd Allah did not give precise details of theforthcoming legislation, but said that "the fiscal regime concerning...