Saudi Arabia’s mismatched approach to foreign investment has proved problematic for many investors, but the country may be about to embrace a more accessible system, say Hogan Lovells’ Imran Mufti and Irfan Butt
Since 2001, the Saudi Arabian Foreign Investment Act has allowed foreign direct investment into the Kingdom. For any non-Gulf Co-operation Council (GCC) shareholder, individual or corporate, the Saudi Arabian General Investment Authority (SAGIA) is the regulator that issues an investment licence to either incorporate a company or register an establishment to do business in Saudi Arabia.
