Saudi Arabia to improve its legislative and business environment
RIYADH, Saudi Arabia, June 22, 2021 /PRNewswire/ -- In the latest series of Saudi Arabia's bold economic and social reforms, HRH Crown Prince Mohammed bin Salman has announced to develop the legislative environment to pave the way for an even more competitive economy aimed at modernizing the Kingdom.
- RIYADH, Saudi Arabia, June 22, 2021 /PRNewswire/ -- In the latest series of Saudi Arabia's bold economic and social reforms, HRH Crown Prince Mohammed bin Salman has announced to develop the legislative environment to pave the way for an even more competitive economy aimed at modernizing the Kingdom.
- Especially as the legislative environment in Saudi Arabia supports foreign investment through specialized laws, most notably the foreign investment law and the relevant commercial regulations," he said.
- In developing the Kingdom's legislation environment, Saudi Arabia has applied the public consultation methodology through electronic tools and platforms that align with Vision 2030's legislative reforms to improve the business environment, encourage public policymaking, and enhance the Kingdom's competitiveness.
- The draft will also foster digital transformation to improve the Kingdom's competitiveness and business environment.