A requirement for foreign firms to have a regional HQ in Saudi Arabia to qualify for state contracts from 2024 is the latest in a series social and economic reforms intended to modernise the conservative kingdom and diversify its oil-dependent economy.
Here are some of the main reforms implemented by Crown Prince Mohammed bin Salman, as well as some leading investor concerns and reforms yet to be implemented.
SOCIAL REFORMS
*2016
Saudi Arabia curbs the powers of the religious police who once patrolled public spaces, neutering their ability to impose strict rules on women’s dress or enforce bans on alcohol, music, prayer-time closures and the mixing of men and women.
*2016
Saudi Arabia curbs the powers of the religious police who once patrolled public spaces, neutering their ability to impose strict rules on women’s dress or enforce bans on alcohol, music, prayer-time closures and the mixing of men and women.
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