The most prominent legislative and regulatory reforms in Saudi Arabia:
- Raising foreign ownership to 100% in the sectors of engineering, minerals, defense, transportation, wholesale and retail trade, education, health, publishing and media.
- Issuing the Contractors' Classification System (CCS).
- Modifying the Precious Minerals and Gems Law.
- Issuing the New Bankruptcy Law and its executive regulations.
- Issuing the Commercial Mortgage Law and its implementing regulations.
- Improving the executive regulations of the Capital Market Authority and the Companies Law to enhance the protection of minority investors.
- Improving the regulations of the Saudi Building Code.
- Establishing the Saudi Center for Commercial Arbitration.
- Issuing the resolutions number 713 and 476, to seek public feedback on rules and regulations before been approved.
- Issuing the new Government Tenders and Procurement Law and its executive regulations.
- Issuing the Movable Asset Guarantees Law and its executive regulations.
- Issuing the Commercial Courts Law and its executive regulations.