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New Saudi law treating foreign and local firms equally to spur business activity

Writer's picture: zeohannah64zeohannah64


RIYADH: Saudi Arabia’s new investment law is expected to increase international business by 50 percent, as it treats both local and foreign investment equally, removing any commercial advantage previously extended to Saudi companies, said Sovereign Saudi Arabia.

“By legally enforcing the principle of competitive neutrality to public and private investors, this removes any previous commercial barriers to entry,” said Paul Arnold, managing director of Sovereign Saudi Arabia.

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