Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies.
The Saudi Arabian General Authority...more
Saudi Arabia competition authority blocks its first transaction under the Kingdom's 2019 Competition Law.
The Saudi Arabian General Authority for Competition ("GAC") announced this week that its board had blocked Delivery...more
Currently, Saudi Arabian law permits foreign direct investment in engineering consultancies operating in the private sector only through a professional company licensed by the Ministry of Commerce and Industry ("MOCI")....more
8/17/2017
/ Engineering ,
Foreign Corporations ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Subsidiaries ,
Infrastructure Financing ,
Joint Venture ,
Licensing Rules ,
MOCI ,
SAGIA ,
Saudi Arabia
On 29 January 2017, the Saudi Minister of Labor issued Resolution No. 50945 ("Resolution") restricting termination of groups of Saudi employees for redundancy. This significant development comes at a time when many employers...more