Introduces screening of foreign investment in sensitive and strategic sectors

On 7 September 2021, the Council of Ministers released a Resolution on the establishment of a “Permanent Ministerial Committee for the Examination of Foreign Investment”.

The Committee is tasked to identify on an ongoing basis sensitive and strategic sectors or companies in which foreign investments may affect national security or public order. Foreign investments in those sectors or companies will be subject to examination and potentially restrictions.

The Committee is chaired by the Ministry of Investment and involves several other Ministries.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • Jdsupra, Saudi Arabia Launches New Committee to Examine Foreign Investments, https://www.jdsupra.com/legalnews/saudi-arabia-launches-new-committee-to-4959982/, 18 Sep 2021
  • Saudi Gazette, Ministerial committee created to control foreign investments in sensitive sectors, https://www.saudigazette.com.sa/article/610952/SAUDI-ARABIA/Ministerial-committee-created-to-control-foreign-investments-in-sensitive-sectors, 15 Sep 2021