The Saudi Ministry of Justice is planning to establish the first administrative enforcement court in the Kingdom.
As part of its initiatives to encourage and enhance the nation’s investment climate.
The Kingdom is attempting to execute legislative and economic changes to meet the objectives of the Riyadh 2030 Plan, which include luring $100 billion in foreign investments. This legislation is one of the most significant parts of those reforms.
Judicial Reforms: a Pillar for Promoting Investment
The newly established administrative enforcement court is crucial for keeping an eye on the official and administrative bodies’ administrative operations since the new Civil Transactions Law was approved last month.
Given that it is the Kingdom’s first civil law, this legislation represents a substantial advance. Its objective is to enhance and standardise the legal system and lessen dependence on the judgements of individual judges, therefore fostering investor trust.
The Saudi Administrative Enforcement Court’s Duties
Ensuring procedural openness and offering efficient resolutions to investor complaints, whether domestic or international, against government entities, constitutes a primary duty of the newly established Administrative Court.
The court can enforce required judgements against governmental parties in addition to employing mediation as the principal means of settling conflicts.
Anticipations of a rise in foreign investments
Saudi Arabia aims to achieve a substantial increase in foreign direct investments, reaching $33 billion in 2022, towards the ambitious objective envisaged for 2030 with the inauguration of this court and the execution of legislative changes.