Saudi Arabia Reforms Investment Law Amid Fund's Prudence Pivot

Saudi Arabia has introduced reforms to its investment law this month to attract foreign direct capital and streamline financial processes. These changes are part of the kingdom's ongoing efforts to diversify its economy away from oil dependency. The new law aims to reassure foreign investors and encourage reinvestment within the country. This strategic shift comes as Saudi Arabia, which has been known for extending financial support globally, is now focusing on ensuring that investments also benefit its domestic economy. The Saudi fund's pivot towards prudence is described as only half complete, indicating a transition phase in the kingdom's investment strategy.