New Saudi committee tasked to regulate foreign investments as Kingdom opens up
Published 16 Sep,2021 via Arab News - Economy RIYADH - Saudi Arabia has formed a new committee to regulate foreign investments and protect the Kingdom's critical sectors such as utilities.
The committee is tasked to create and implement a criterion for foreign investors, identifying a list of companies, individuals, and activities excluded from foreign investment, Argaam reported, citing a cabinet's decision.
Chaired by the investment minister, the new committee will also set the limit for foreign ownership in local companies.
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