The legal framework of the regulations that apply to the foreign companies in the Kingdom of Saudi Arabia, a comparative study

Abstract

It is recognized in the principles of international law that the state is free to determine its nationals, and it can decide the treatment it offers to foreigners, but it is restricted in this by the minimum rules that determine the treatment of foreigners. This applies to legal persons or natural persons alike, as decided by the International Court of Justice in the Barcelona Traxon case, as it said that the state is obligated to grant foreigners the protection of the law and give them some obligations in relation to their treatment.

The Kingdom of Saudi Arabia has worked to make more efforts towards developing its legal systems to attract foreign direct investment, transfer useful technology to it, and benefit from scientific progress to achieve sustainable economic and social development by achieving the goals set in its vision for the year 2030. Therefore, I chose to research the legal status of foreign companies in the Kingdom of Saudi Arabia, as it is the main tool for direct investment in terms of the rights and obligations these companies enjoy in accordance with the Saudi regulations and the protections guaranteed by the system in the event of disputes related to investments in the Kingdom, compared to other regulations.