Saudi Arabia Legal Framework Sector Research Highlights

Viewpoint

Eyad Reda, Managing Partner, Eyad Reda Law Firm: Viewpoint
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A transformation is sweeping through Saudi Arabia’s legal landscape, marking a pivotal moment in the country’s journey towards modernisation and transparency. With a focus on aligning with global standards, Saudi Arabia is ushering in an era of reform that promises to reshape its legal system and redefine its role on the international stage. These changes are part of the broader Vision 2030 initiative,…

Overview

Saudi Arabia's legal framework prioritises environmental protection
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Amid growing global challenges, Saudi Arabia has emerged as a leader in environmental protection through the adoption of ambitious laws and policies. Vision 2030 serves as a pioneering roadmap for sustainable development, focusing on improving quality of life and conserving natural resources. One of the Kingdom’s most notable environmental initiatives is the Green Riyadh project, which is one of…

Chapter

The Report: Saudi Arabia 2024: Legal Framework
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Saudi Arabia is leading environmental protection through ambitious laws and policies, aligned with Vision 2030. A major initiative is the Green Riyadh project, one of the world’s largest afforestation efforts, aiming to transform Riyadh into a sustainable green city. The Kingdom introduced the Environment Law in 2021, focusing on pollution control, waste management and resource conservation. Saudi…

Country Report

The Report: Saudi Arabia 2024
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Saudi Arabia, the region’s largest economy, is progressing towards diversification under Vision 2030. The digital economy is a standout performer, contributing 14% of GDP, while government-led giga-projects open long-term opportunities across various sectors. Despite a dip in oil activities that reduced the current account surplus to 3.2% in 2023, tourism income surged by 38%, boosting the servi

Country Report

The Report: Saudi Arabia 2023
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The Kingdom of Saudi Arabia is experiencing a period of sustained economic growth, outperforming other G20 nations in 2022. This expansion is attributed to higher global energy prices, resulting in a fiscal surplus and supporting diversification efforts and the non-oil sector.

Overview

How legal reforms in Saudi Arabia impact businesses
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In light of the major steps taken to achieve Vision 2030, which is focused on the three pillars of a vibrant society, a thriving economy and an ambitious nation, in early 2021 Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud announced several profound legal reforms: the Personal Status Law, the Civil Transactions Law, the Penal Code of Discretionary Sanctions and the Law of Evidence. Each of…

Viewpoint

Eyad Reda, Managing Partner, Eyad Reda Law Firm: Viewpoint
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Viewpoint:Eyad Reda “My first goal is for our country to be a successful and pioneering model in the world at all levels, and I will work with you to achieve that.” This statement by King Salman bin Abdulaziz Al Saud sets the foundation for the advancement of the Kingdom, within which the legal framework is an integral part. Indeed, the legal framework is linked with every other aspect of…

Chapter

The Report: Saudi Arabia 2023: Legal Framework
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Saudi Arabia has embarked on significant legal reforms in line with Vision 2030's focus on creating a vibrant society, a thriving economy and an ambitious nation. These reforms include the introduction of key laws like the Personal Status Law, the Civil Transactions Law, the Penal Code of Discretionary Sanctions and the Law of Evidence. These laws aim to enhance and harmonise the legal ecosystem, as…

Chapter

The Report: Kuwait 2022: Legal Framework
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While it is common knowledge that laws in the Middle East include restrictions on foreign parties doing business that do not apply to citizens, progress has been made in recent years to facilitate foreign investment and participation in businesses in the region. Kuwait was a pioneer in this regard, with the promulgation of the Foreign Direct Investment Law in 2014, which has since been replicated in…

Viewpoint

Eyad Reda, Managing Partner, Eyad Reda Law Firm: Viewpoint
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Viewpoint: Eyad Reda Over the past five years Saudi Arabia has witnessed unprecedented legal, social and economic reforms. Such reforms extended to the public sector’s operating model, the economy and society as a whole, and the foundations have been laid for future success. There have been calls for legal and judicial reforms before, but now the Kingdom appears determined to heed those calls by…

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Saudi Arabia Legal Framework Sector Research Highlights

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