Resources

The Investment Law was redesigned as an integrated system to replace the foreign investment Law issued by Royal Decree No. (M/1) dated 5/1/1421H, in order to align with the Kingdom’s Vision 2030 and the targets of the National Investment Strategy, as well as best international practices, in addition to taking into account the established principles and policies of investment in the Kingdom approved under the Directive No. (16917) dated 27/3/1440H, in order to increase the Gross Domestic Product and achieve economic diversification by supporting the development of investment sectors, increasing the private sector’s contribution to GDP, and preserving the rights of investors. During its preparation, the public’s participation was considered by presenting it for a public consultation survey, where many government entities and the private sector participated. The Ministry of Investment also held workshops with international organizations regarding the Law to ensure its alignment with best international practices.