New rules aim to make it easier for gov’t officials to put overseas contracts to tender
Arbitration for overseas contracts are exempt from a rule limiting arbitration only to contracts estimated at SAR 100 mn
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Arbitration for overseas contracts are exempt from a rule limiting arbitration only to contracts estimated at SAR 100 mn
Panels will look at how to avoid liquidity crunches, the rise of private capital, and how to regulate markets when…
Plus: New regulations on imports for manufacturers + licensing of nursery and kindergarten operators
The amendments include setting a minimum and maximum threshold for zakat collection
It’s all about what regulators are now calling “data sovereignty”
License duration and fees are determined based on type of works
Licenses for the construction of buildings have a renewable 3 year validity
The law will come into effect sometime in July
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