100% Foreign Ownership in Saudi Arabia: Is It Possible?

Saudi Arabia, a country known for its rich cultural heritage and abundant natural resources, has rapidly evolved into a business hub in recent years. One of the key factors attracting foreign investors is the prospect of 100% foreign ownership in Saudi Arabia. For years, foreign companies were required to partner with local sponsors to operate within the Kingdom. However, with economic reforms under the Vision 2030 initiative, Saudi Arabia has eased restrictions, making it possible for foreign nationals to own companies outright. This shift in policy aligns with the country's goal to diversify its economy beyond oil and create a more investor-friendly environment.