Saudi Arabia. Particulars of the Foreign Property Regime

Abstract

The focus of the present paper is on the foreign private property regime and its correlation with the state property regime to uncover concepts underlying boundaries and restraints of rights of foreign owners. This survey is aimed to observe the boundaries in implementation of investment rights in Saudi Arabia by subjects of foreign law. It also shows main risks arising in the investment activity and warns investors about possible negative effects of their rights implementation in Saudi Arabia. That is a country in which a private law activity is governed by religious law having its specific features directly affecting the scope and substance of foreign investors’ rights. To reflect them in the present paper legal acts made in accordance with rules and principles of religious law are scrutinized.