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
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
Drivers of ride-hailing companies will be banned for canceling more than 5 ride requests within a 30 day period
The rules show a gradual phaseout of self-employment for non-Saudis
The Energy Ministry has the power to amend or cancel allocated quantities of energy in case of exceptional circumstances
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