Doing Business in Saudi Arabia

Saudi Arabia's growing economy, shaped by its visionary initiative Vision 2030, has positioned the country as an international hub of technology and business at the forefront of global trade.

As the Kingdom of Saudi Arabia continues its transformation journey, numerous programmes have been established to assist with achieving its ambitious goals through the development of the Public Investment Fund's giga-projects, the creation of the Regional Headquarters Programme, further investment in the private sector and FDI, increasing the ease of doing business, and liberalisation of parts of the economy. 

The road to Vision 2030 has resulted in fast-paced changes to the regulatory and legal landscape in Saudi Arabia. Regulatory and legislative reforms implemented over the last few years have included landmark legislation such as the Civil Code and a number of new laws, such as the Companies Law, the Data Protection Law, the Anti-Concealment Law, and the Bankruptcy Law. 

In addition to the regulatory reform, the Kingdom has seen modernisation in how the Laws are governed and enforced, including the digitisation of employment contracts, virtual court hearings and online government services.

The potential for growth in Saudi Arabia is undeniable, but for businesses to realise the opportunities presented in the market, they need to understand the complex and evolving legal environment in The Kingdom. Clyde & Co supports over 600 companies annually to successfully navigate the emerging commercial opportunities and challenges related to doing business in Saudi Arabia.
 
Our dedicated Hub is designed to help businesses stay informed and understand the latest developments and opportunities. If you would like to know more about doing business in Saudi Arabia, please contact us.