Investment Law

1. Without prejudice to the provisions of relevant laws, an investor shall have the following rights: a) He shall be treated equally to other investors, and local and foreign investors shall be treated equally, under similar circumstances. b) He shall be treated fairly and justly. c) His investment may not be fully or partially confiscated except pursuant to a final judicial ruling, nor may such investment be directly or indirectly expropriated except for public interest, in accordance with legal procedures and in return for fair compensation. d) He shall have the right to transfer his funds within or outside the Kingdom without delay; this shall include, but shall not be limited to, transferring the proceeds of his investment and the profits gained therefrom as well as the proceeds of the sale or liquidation thereof through legal channels using any recognized currency, and disposing of such funds through any other lawful means. e) He shall have the right to manage his investment, dispose of such investment in accordance with the law, and own any property necessary for the conduct of his business. f) Protection of his intellectual property and trade secrets. g) Facilitation of administrative procedures and provision of necessary support and assistance by the competent authority. 2. The competent authority shall, upon taking any measures for public interest, including measures necessary to fulfill the Kingdom's international obligations, maintain public order, or protect national security, observe the rights stipulated in paragraph (1) of this Article. 3. The Ministry shall, as specified in the Regulations, provide the investor with any available information or statistical data as well as the necessary services to facilitate any procedures relating to his investment, and shall seek to resolve complaints filed thereby, in accordance with clear and transparent procedures. Investment Law