Saudi Arabia has adopted a long-term strategic policy of economic diversification, from an economy purely based on oil revenues to the development of a knowledge-based economy. The success of this policy will largely depend upon the ability and willingness of the country to educate, train and utilise the skills of all its citizens, including its women. Recognising this...
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Articles & Analysis | Open for investment: Regulations relating to foreign investors from The Report: Saudi Arabia 2013
Since Saudi Arabia’s accession to the World Trade Organisation in December 2005, the government has made significant progress towards developing and maintaining policies that favour an open legal and business environment amenable to foreign capital investment. Many of the Kingdom’s economic sectors have been opened to foreign investment such...
Articles & Analysis | On the rise: Sharia-compliant financing is growing quickly from The Report: Saudi Arabia 2013
Saudi Arabia comprises more than half of the GCC Islamic finance market in terms of Islamic assets and represents a far greater percentage of the sharia-compliant syndicated and project financing market. With Islamic syndicated loans in the first five months of 2012 surpassing the full 2011 figures largely on the back of Saudi mega-deals, this...
Articles & Analysis | Expanding the ownership base: Options available for the diversification of corporate ownership from The Report: Saudi Arabia 2013
Given the prevalence of family businesses in the Kingdom of Saudi Arabia (KSA), local families may face a decision on how to diversify the ownership of their business to introduce new ideas, raise capital for growth or exit their investment. The challenge lies in considering the best method of diversification for each business.
Chapter | Legal Framework from The Report: Saudi Arabia 2013
This chapter outlines investment laws and regulations for foreign companies operating within the Kingdom, and provides information about the options available for diversification of corporate ownership. This chapter also includes a viewpoint with Robert W Jordan, Partner in Charge of the Middle East at Baker Botts, and Former US Ambassador to Saudi Arabia.
Articles & Analysis | Questioning constitutionality: A legal perspective on the Constitutional Court ruling on BPM igas from The Report: Indonesia 2013
BPM igas was established in 2002 to take over the authority of managing and supervising the upstream oil and gas industry from the state oil company, Pertamina. On November 13, 2012 the Constitutional Court issued Ruling No. 36/PUU-XI/2012, which declared that select articles of Law No. 22/2001 that were the foundation for the creation of BPM igas...