Introduction The Investment Law issued under Royal Decree No: M/19 dated 16.01.1446 H. will become effective on 7.8.1446 H. (6 February 2025). Unlike the old “Foreign Investment Law,” the new “Investment Law” covers investments by both local and foreign investors including government-owned companies. The Investment Law exercise involved an exhaustive review of the investment regimes of six countries (USA, Germany, Turkey, Indonesia, UAE, and Singapore) to understand the challenges faced by those countries and how they tackled the issues to create a conducive investment environment. The Investment Law and the clarification document prepared by the Ministry of Investment restate the Kingdom’s objective to enhance the competitiveness of the investment environment to increase the pace of economic development and creation of