Business & Management Studies

Abstract

In line with the Saudi vision 2030, the Kingdom of Saudi Arabia is witnessing a comprehensive revolution in laws and legislation with the aim of making Saudi Arabia attractive to foreign investments. One of the most remarkable laws has been issued so far is the Saudi arbitration law in 2012. This article aimed to assess the current legislative practices regarding the extent to which administrative contracts are subject to arbitration. Thus, the study concluded that despite the clear reforms and tangible actions undertaken by the Saudi legislator to attract investors, there is still difficulty in submitting administrative contracts to arbitration due to the current provisions of the laws related to this issue. Therefore, the study suggests modifying the arbitration law and the new government tenders and procurement law to explicitly state the permissibility of resorting to arbitration in administrative contracts.