Riyadh’s ‘investor-friendly’ civil code comes into force

Riyadh’s ‘investor-friendly’ civil code comes into force

The new Saudi civil code has now come into effect, marking what the government hopes will be a milestone in encouraging foreign investment to the country.  A statement on the website of the cabinet advisory body Bureau of Experts said the law became effective 180 days after its official publication in June last year. A […]

Clarity for foreign investors

Courts will use English

Penal code to follow

The new Saudi civil code has now come into effect, marking what the government hopes will be a milestone in encouraging foreign investment to the country. 

A statement on the website of the cabinet advisory body Bureau of Experts said the law became effective 180 days after its official publication in June last year.

A lawyer familiar with the process confirmed the code had now been implemented. 

The government hopes the law will finally provide foreign investors with clarity on doing business in the country. The kingdom is trying to shake off a reputation for opaque and arbitrary justice and push annual foreign direct investment towards a target of $100 billion by 2030.

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