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Reassessing Saudi Arabia’s foreign investment laws: from protectionism to liberalization

Ibrahim Mathker Saleh Alotaibi, Mohammad Omar Mohammad Alhejaili, Doaa Mohamed Ibrahim Badran, Mahmoud Abdelgawwad Abdelhady

International Journal of Law and Management

ISSN: 1754-243X

Article publication date: 16 February 2024

Issue publication date: 21 May 2024

282

Abstract

Purpose

This paper aims to examine the extent to which these reforms address the limitations of Saudi Arabia’s previous investment framework. Long viewed as a hostile environment in which to do business, the Saudi Government has enacted a broad sweep of measures aimed at restoring investor confidence in central aspects of the country’s evolving private law framework.

Design/methodology/approach

This paper offers a timely assessment of the raft of foreign investment reforms, both legislative and regulatory, that have been introduced in Saudi Arabia over the last decade.

Findings

The paper will proceed by outlining the perceived failings of the old investment regime before going on to reforms.

Originality/value

It will consider the remaining obstacles to the flow of foreign investment in Saudi Arabia in the context of the dual forces that have historically defined the Kingdom’s ambivalent investment law regime.

Keywords

Citation

Alotaibi, I.M.S., Alhejaili, M.O.M., Badran, D.M.I. and Abdelhady, M.A. (2024), "Reassessing Saudi Arabia’s foreign investment laws: from protectionism to liberalization", International Journal of Law and Management, Vol. 66 No. 4, pp. 496-517. https://doi.org/10.1108/IJLMA-12-2023-0270

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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