Investment Magazine / Special Report:
The parliamentary committee tasked with reviewing the draft Investment Law continued its discussions in a meeting today, chaired by Deputy Speaker of the Parliament Abdulrahman Al-Jama'i, focusing on the provisions of the law in light of the observations made by members of the council during the initial discussions.
In the meeting, which was attended by government representatives including Minister of Economy, Industry, and Investment, Engineer Moein Al-Mohagiri, Chairman of the General Investment Authority, Yasser Al-Mansour, and several experts from relevant authorities, Al-Jama'i emphasized that the new Investment Law would contribute to the creation of a diversified and sustainable national economy. This includes supporting small and micro-projects, promoting community-based economic development initiatives, fostering multi-source electricity generation projects, localizing industries that rely on domestic production inputs—especially agricultural inputs—and protecting local production while enhancing and expanding national exports.
The discussions confirmed that the new Investment Law is seen as an urgent necessity in the context of efforts to create an attractive and motivating investment environment for the national economy, in line with the requirements of the transformative and rebuilding phase that the country aspires to.
The parliamentary committee will continue its discussions, incorporating all observations made by the council members and the committee, with the participation of relevant government officials.
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