Saudis Aim to Slash Red Tape as Race for Foreign Cash Heats Up

Saudis Aim to Slash Red Tape as Race for Foreign Cash Heats Up

Via Christine Burke and Fahad Abuljadayel in bloomberg.com: The updated law — announced in August and due to take effect in 2025 — will also provide equal treatment for foreigners and locals, freedom to manage investments and repatriate funds, and the ability to appeal penalties and violations. Additionally, investors are set to have more flexibility in how they choose to resolve disputes, including by doing so outside the court.





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