Since our country entered The WTO, there have been many changes in government regulations and rules, and there must be. In 2006, King Abdullah said that Saudi Arabia need to be changed to the best. Attracting foreign investments is one major concern.
Doingbusiness.org provides objective measures of business regulations and their enforcement across 181 economies and selected cities at the sub national and regional level. Here is what they said about Saudi Arabia in 2008.
Starting a business in Saudi Arabia used to be limited to those who could afford one of the highest minimum capital requirements in the world—$125,000 for limited liability companies. In July 2007 Saudi Arabia slashed the minimum capital requirement and simplified business startup procedures. What once required 13 procedures now takes only 7. The time to start a business fell from 39 days in 2006 to only 15 in 2007. According to Doing Business, the country’s ease of starting a business ranking soared from
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http://www.doingbusiness.org/features/ArabWorld2009.aspx
