{"id":89285,"date":"2024-09-03T00:00:00","date_gmt":"2024-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/03\/its-just-the-start-for-the-spl\/"},"modified":"2024-09-03T00:00:00","modified_gmt":"2024-09-03T00:00:00","slug":"its-just-the-start-for-the-spl","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/03\/its-just-the-start-for-the-spl\/","title":{"rendered":"It\u2019s just the start for the SPL"},"content":{"rendered":"

It\u2019s a broadly positive day for Saudi in the foreign press<\/strong>, with the conversation being led primarily by sports coverage and updates, in addition to some ink on the objectives of Saudi\u2019s overhauled Foreign Investment Law. <\/p>\n

Ivan Toney and Joao Cancelo signings for SPL clubs are just the start<\/strong>, Saudi Pro League CEO Omar Mugharbel told the Associated Press<\/a>. \u201cThis is only the beginning with more transfers on the pitch and more development off the pitch.\u201d The Saudi transfer window came to an end yesterday. SPL clubs are expected to spend only around a third of last summer\u2019s USD 957 purchase slip, the AP writes.<\/p>\n

Arsenal\u2019s rejection of Al Ittihad\u2019s informal loan offer for Leandro Trossard also got ink<\/strong> in the New York Times\u2019 Athletic<\/a>. The offer included a EUR 5 mn fee, along with a commitment to buy the forward next summer with a price tag between EUR 20 mn and EUR 25 mn. <\/p>\n

IN NON-SPORTING NEWS-<\/strong> Saudi\u2019s recently-revamped Investment Law<\/a> \u2014 which promises to level the playing field between foreign and local investors \u2014 is set to give investors a \u201cone-time registration\u201d process in a bid to cut red tape, but the law\u2019s success will depend on its implementation, different stakeholders and pundits tell Bloomberg<\/a>. Investors are waiting on \u201cclear, actionable guidelines\u201d on the law\u2019s implementation, but are broadly optimistic that the overhaul will help significantly streamline procedures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Pundits are broadly optimistic on the revamped Investment Law<\/p>\n","protected":false},"author":1,"featured_media":89286,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,2496,229,1413,8],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-leandro-trossard","tag-saudi-in-the-news","tag-saudi-pro-league","tag-sports","wpautop","entry"],"acf":{"mongo_id":"0892516f-5118-4a90-ae17-e45dc4945676","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/967.jpg","photo_position":"above","homepage_title":"","full_issue_title":"It\u2019s just the start for the Saudi Pro League","related_issue":[89272],"teaser":"Plus: Pundits are broadly optimistic on the revamped Investment Law","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.9f1e6852-1ec4-45d0-9e1e-3db0732438f8.mp3"},"yoast_head":"\nIt\u2019s just the start for the SPL - 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