More global asset managers get their Saudi licence, New rules for AVs

▤ Summary

Saudi Arabia approved new local licences for Brookfield Arabia for Business Services and Neuberger Berman Saudi Investment, letting both firms begin on-the-ground investment operations in the Kingdom. The article also highlights that Saudi Arabia is tightening rules for self-driving vehicles. Under the new regulations, owners of fully autonomous vehicles will be responsible for traffic violations and accidents tied to their vehicles. The changes matter for market participants because they create a clearer operating framework for asset managers and a more defined liability regime for autonomous mobility projects.

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