Saudi Arabia

Saudi Arabia

New investment law the suspension rule of foreign investments on national security grounds

11 Aug 2024

On 11 August 2024, Saudi Arabia adopted the new Investment Law, which allows the Ministry of Investment (MISA) to suspend any foreign investment for national security purposes, provided that the suspension decision is based on “objective grounds”, is consistent with the country’s obligations under its international agreements, and is made in accordance with the procedures set out in the implementing regulations which are expected to be published in February 2025.