Turki AlBallaa wants to bring more foreign investment to Saudi Arabia, the world’s largest oil supplier. The judicial system stands in his way.
“The legal situation is complicated and must change,” AlBallaa, 32, general manager of the Saudi Investment Support Center, which helps companies set up in the country, said, smoking a Cuban cigar at one of Riyadh’s all-male lounges.
Saudi Arabia maintains some of the world’s strictest civil laws because of its brand of Islam, including sentences of public beheading for drug smugglers and lashings for sexual offenders. When it comes to commercial laws, few are enforced, hampering efforts to foster investment, curb unemployment and reduce dependency on energy revenue.
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