An overview of economic, government, historical, religious and cultural factors related to foreign investment and business, focusing on legal issues. Discusses commercial law, contracts, business organizations, labor, taxation, arbitration law andmore.
Written in 1999; 4,725 words; 15 sources; $ 135.95
Paper Summary:
Although the Saudi Arabian government has been attempting to diversify the Saudi economy for over 20 years, the central source of Saudi prosperity is the petroleum industry. The petroleum industry is mature. Hence, the government is beginning to realize that it needs foreign investment in order to decrease the dependence on oil and to encourage sustainable growth and development
From the Paper:
"DOING BUSINESS IN SAUDI ARABIA: AN OVERVIEW OF THE LEGAL CLIMATE
Introduction
Climate for Investors
Although the Saudi Arabian government has been attempting to diversify the Saudi economy for over 20 years, the central source of Saudi prosperity is the petroleum industry. The petroleum industry is mature. Hence, the government is beginning to realize that it needs foreign investment in order to decrease the dependence on oil and to encourage sustainable growth and development.
Foreign investors look at many factors in making the decision to invest in another country. One of the main factors is the stability of the government. Stability has not been a ..."
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