Leonardo Carpentieri

As part of the Saudi Government's "Vision 2030" plan to reduce the country's long-term reliance on oil, the Kingdom of Saudi Arabia ("KSA") intends to develop alternative domestic sectors including retail, manufacturing, construction, energy, finance, mining, hospitality and tourism.1 To achieve this, the KSA is aiming for a twenty-fold increase in foreign direct investment to approximately $100 billion a year by 2030, reforming the foreign investment landscape by allowing 100% foreign...