Saudi Arabia plans to establish specialized investment courts

Saudi Arabia plans to establish specialized courts to handle investment disputes.

This initiative was highlighted in a survey received by the Federation of Saudi Chambers from the Ministry of Investment.

The survey was directed at several key government entities operating in various strategic sectors to assess the need for establishing specialized investment courts.

The survey, according to the ministry, aims to gather feedback from government bodies regarding investors' interactions with the Kingdom’s judicial environment amid rapid legislative and judicial developments.

The goal is to support ongoing improvements and align with the aspirations of investors while advancing national investment targets set out in the National Investment Strategy, the ministry noted.

The fourth pillar of the National Investment Strategy, launched in 2021, includes the establishment of specialized courts, including investment courts. It also involves reviewing, assessing, and amending existing laws and regulations that negatively impact investors, as well as creating arbitration centers in economic cities and special zones, according to data available with Argaam.