The International Monetary Fund has noted that the outlook for the Saudi economy, which grew at 7.1 percent in 2011, remains buoyant. On current trends, real GDP was projected to grow by 6 percent in 2012. The private sector is again expected to lead the way, reflecting the increased role of the private sector in the economy, a clear break from the past.1 In this context, Saudi Arabia remains an enticing market for foreign investment.
Doing business in Saudi Arabia, however, carries particular challenges, many of which derive from Saudi Arabia’s unique legal system. In this article, we will provide a brief and general overview of five particular factors to keep in mind when doing business in Saudi Arabia.
Islamic Law
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
