Clifford Chance

Investment Law of the Kingdom of Saudi Arabia

13 January 2025

The Kingdom of Saudi Arabia (the "Kingdom") issued the Investment Law, pursuant to Royal Decree M/19 dated 16/1/1446H corresponding to 22 July 2024G (the "IL"), which will come into force six months after its publication in the Official Gazette. The IL replaces the Foreign Investment Law issued pursuant to Royal Decree M/1 dated 5/1/1421H corresponding to 10 April 2000G (the "Foreign Investment Law"). The IL intends to advance and strengthen the competitiveness of the investment environment within the Kingdom, contribute to economic development, and create employment opportunities by establishing a favorable investment ecosystem. The issuance of the IL followed a public consultation process conducted by the Ministry of Investment in April 2022.

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