Saudi Arabia’s new personal data protection law would discourage foreign investment in the world’s top crude exporter which looks to diversify from oil with tech and digital hubs, the U.S. Chamber of Commerce has said in letter seen by Bloomberg . In September 2021, Saudi Arabia published a draft of its Personal Data Protection Law (PDPL) which is set to come into force later in March 2022. The current draft of the law prohibits the transfer of personal data outside Saudi Arabia, while companies not complying with this provision face criminal sanctions, according to the U.S. Chamber of Commerce. “There are several aspects of this law that pose not only significant problems for the private sector but will be significant barriers to helping the Kingdom achieve its goal to become a digital hub,” America’s biggest business lobby group said in the letter seen by Bloomberg. “It will have a […]