The latest amendments in the foreign investment law in Saudi Arabia

The recent reforms in the foreign investment law in the Kingdom of Saudi Arabia (KSA), as well as the recent drop in foreign direct investment (FDI) into the country, were the main motivation for conducting this research. Although KSA is one of the leading countries known to have attracted FDI, su...

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Main Author: Alshahrani, Sarah
Format: Article
Language:English
Published: Pusat Penyelidikan Syariah, Fakulti Pengajian Islam, Universiti Kebangsaan Malaysia 2019
Online Access:http://journalarticle.ukm.my/19387/
http://journalarticle.ukm.my/19387/1/JCIL-2019-41-Article-1.pdf
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author Alshahrani, Sarah
author_facet Alshahrani, Sarah
author_sort Alshahrani, Sarah
building UKM Institutional Repository
collection Online Access
description The recent reforms in the foreign investment law in the Kingdom of Saudi Arabia (KSA), as well as the recent drop in foreign direct investment (FDI) into the country, were the main motivation for conducting this research. Although KSA is one of the leading countries known to have attracted FDI, such a drop should be considered seriously. The main objective of the study, therefore, is to conduct a critical analysis of the foreign investment law in KSA. This analysis highlights how the Implementation Regulation (IR 2014) of the FIA has attempted to overcome some shortcomings by introducing a new provision requiring post-investment monitoring. However, the IR does not overcome all the weaknesses of its previous version. For instance, although it brings important new changes to the investment climate, such as speeding up the procedure for granting an investment licence, in practice there are still delays and a long process.
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spelling oai:generic.eprints.org:193872022-08-17T04:02:40Z http://journalarticle.ukm.my/19387/ The latest amendments in the foreign investment law in Saudi Arabia Alshahrani, Sarah The recent reforms in the foreign investment law in the Kingdom of Saudi Arabia (KSA), as well as the recent drop in foreign direct investment (FDI) into the country, were the main motivation for conducting this research. Although KSA is one of the leading countries known to have attracted FDI, such a drop should be considered seriously. The main objective of the study, therefore, is to conduct a critical analysis of the foreign investment law in KSA. This analysis highlights how the Implementation Regulation (IR 2014) of the FIA has attempted to overcome some shortcomings by introducing a new provision requiring post-investment monitoring. However, the IR does not overcome all the weaknesses of its previous version. For instance, although it brings important new changes to the investment climate, such as speeding up the procedure for granting an investment licence, in practice there are still delays and a long process. Pusat Penyelidikan Syariah, Fakulti Pengajian Islam, Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19387/1/JCIL-2019-41-Article-1.pdf Alshahrani, Sarah (2019) The latest amendments in the foreign investment law in Saudi Arabia. Journal of Contemporary Islamic Law, 4 (1). pp. 1-7. ISSN 0127-788X http://www.ukm.my/jcil/2019-4-1/
spellingShingle Alshahrani, Sarah
The latest amendments in the foreign investment law in Saudi Arabia
title The latest amendments in the foreign investment law in Saudi Arabia
title_full The latest amendments in the foreign investment law in Saudi Arabia
title_fullStr The latest amendments in the foreign investment law in Saudi Arabia
title_full_unstemmed The latest amendments in the foreign investment law in Saudi Arabia
title_short The latest amendments in the foreign investment law in Saudi Arabia
title_sort latest amendments in the foreign investment law in saudi arabia
url http://journalarticle.ukm.my/19387/
http://journalarticle.ukm.my/19387/
http://journalarticle.ukm.my/19387/1/JCIL-2019-41-Article-1.pdf