Saudi Arabia’s legal framework for foreign investment has undergone a significant transformation with the enactment of the Investment Law of 2024 (Royal Decree replacing the Foreign Investment Law of 2000). This legislative shift reflects the Kingdom’s ongoing commitment to diversifying its economy under Vision 2030 and strengthening its attractiveness to global investors. While the new law introduces key modernizations, questions remain regarding its practical implementation and its ability to address long-standing concerns of foreign investors.

This blog provides a comparative analysis between the repealed Foreign Investment Law (Royal Decree No. M/1 dated 05/01/1421H) and the newly adopted Investment Law (2024), focusing on the legal, operational, and strategic implications for international investors.