Significance Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts between civil entities. These include contracts with state institutions and authorities as well as private businesses, ownership rights and dispute resolution. Impacts Competition for foreign investments will intensify among the Gulf Arab countries. Social modernisation and a less-controversial foreign policy also drive more positive investor sentiments. Centralised decision-making will help the government towards its ambitious socio-economic targets.
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