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Bankruptcy reforms ‘will spur Saudi Arabian investment’

Author: 
sarah glubb
article author: 
ID: 
1531602710583603600
Sat, 2018-07-14 23:52

LONDON: Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18 in a move designed to encourage foreign and domestic investment in private business, experts say.
The move is also seen as providing a boost for competitiveness and jobs, and to help pave the way for the transfer of knowledge and skills as part of a drive to modernize the economy.

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