Legal Framework

In recent years Saudi Arabia has committed to a series of wide-ranging reforms that aim to diversify the economy; foster a more open and connected society; and establish a transparent, efficient and accountable government under the country’s Vision 2030 strategic framework. With those objectives in mind, there have been numerous legislative developments related to real estate, foreign investment, judicial processes, financial innovation, tourism, entertainment and civil law that are transforming the landscape and positioning the economy for growth. Saudi Arabia continues to initiate legislative reforms in the digital space. The authorities seek to be proactive and pioneering by providing integrated digital services to government agencies via the Digital Government Authority. This chapter contains a viewpoint from Eyad Reda, Managing Partner, Eyad Reda Law Firm.