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Saudi investments in the US will not be affected by JASTA

Saudi investments in the United States will “enjoy” sovereign immunity and will not be affected by the Justice Against Sponsors of Terrorism Act (JASTA), the official Saudi news agency reported on Monday. During a press conference, Dr. Ahmed bin Abdul Karim Al-Khulaifi indicated that the national economy continued to grow positively in 2015, as it increased according to data of real GDP, by 3.5 percent, however, it was influenced by the oil market, developments in the global economy and the atmosphere in the region. A ministerial source said JASTA would contribute to the “erosion” of the principle of sovereign immunity, which has governed international relations for hundreds of years, read a statement on the state-run news agency.

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