Saudi Arabia unveils seven principles to raise investment

Saudi Arabia has unveiled seven investment principles, issued by royal decree and based on international best practice, that will support the development of a competitive investment environment in the Kingdom.
“The rapid pace of economic transformation in the coming years is opening exciting investment opportunities, both in Saudi — a G20 economy opening up to international businesses — and in the broader Middle East,” said Ibrahim Al-Omar, governor of the Saudi Arabian General Investment Authority (SAGIA).
The investment principles are:

Ensure equality between Saudi and foreign investors; ensure protection of investments.

enable sustainability of investment; provide access to equal investment incentives

implement social and environmental standards and ensure investor compliance with Saudi health, safety and environmental regulations

 facilitate access procedures for foreign workers and their families; and ensure a solid transfer of knowledge

technology and enhancement of local human capital.

Source: Arab News