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Saudi Arabia rewrites rules to attract more foreign investment

The new regulations scrap the issuance of foreign investor licenses in favor of a streamlined registration process that is more user-friendly

Khalid Al-Falih, Saudi Arabia’s Minister of Investment (Photo: Getty Images)

Saudi Arabia is starting from the ground up to make the kingdom “a welcoming and secure environment” for international business, in the words of Investment Minister Khalid Al-Falih.The government announced new regulations on Sunday that scrap the bureaucracy-heavy issuance...