The focus of this paper is on the analytical reading of the clauses of the new Saudi investment system project in 1440 AH – 2019, compared to the old foreign investment system issued in 1421 AH – 2000, in order to reach a constructive critical vision emerged with an evaluation of the Saudi investment system capable of achieving Saudi Vision 2030.
The major problem facing the new Saudi investment system is to assess its ability to achieve the highest standards of attracting foreign liquidity, and to provide an attractive environment for FDI in a way that repels foreign investors’ fears in the face of the necessities of controlling foreign investment for the public interest.
Accordingly, some investment principles adopted by the investment system project should be analyzed such as: Equality and Non-Discrimination between Investors, Freedom of Private Business Management, Financial Incentives, Responsibility of Investors, Taking of Funds, and Settlement of Investment Dispute by Arbitration.
We also compare the regulatory vision for investment in Saudi Arabia with the analysis of the World Bank’s FDI Guidelines of 1992 to clarify the legislative objectives and fundamental differences, in order to arrive at an evaluation view of the project of the investment system in Saudi Arabia.
Then provide regulatory solutions to the problem of the conflict between Attracting FDI and its Control to keep up with Saudi Vision 2030.
Keywords: Foreign Direct Investment (FDI), Saudi Investment System, Saudi Arabian General Investment Authority, World Bank Guidelines, Investment Attractiveness, Financial Incentives, International Center for Settlement of Investment Disputes (ICSID), Saudi Vision 2030.
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