World

Investor confidence is Kingdom’s strongest defense

Missiles make headlines. But Saudi Arabia’s quieter legal revolution matters more to investors. When missiles hit Riyadh’s airport this month, foreign executives asked the obvious question: Is it safe to go? A more useful question for investors is a duller one: If something goes wrong, can I enforce my contract? On that question, Saudi Arabia has quietly changed more in the past decade than in the previous 50 years and this is the change most likely to keep capital in the Kingdom through the cur