Introduction One of the aims of recent Saudi Arabia’s economic reforms, collectively known as “Vision 2030,” is to increase foreign investments by improving the Kingdom’s investment climate. The governance of the oil industry, which has undergone substantial changes in recent years due to the fall in international oil prices, remains controversial. Understanding how foreign businesses view the governance of the Saudi Arabia oil industry can help to improve it and attract more investors to the sector. History and Background Saudi Arabis is the world’s most important oil producer and exporter, whose oil industry is almost totally controlled by the government. Following the recent oil price crisis, the country has developed a new strategy aimed to diversify its economy to focus more on non-oil industries. It currently seeks increased foreign investments and international private sector participation in its economy, including the oil sector. The recent changes include allowing foreign investors to own controlling stakes in Saudi companies, a new consolidated authority to protect intellectual property rights, and significant investments in infrastructure. Investor concerns persist, however, over the rule of law, business predictability, and political risk. Research Justification The research is intended to contribute to my studies of corporate governance. Approaching the end of my MBA, I am interested in corporate governance to explore the overlap between social, regulatory, and business best practices. Corporate governance practices of Saudi Arabia are significantly influenced by the country’s unique cultural, economic, and political features, and understanding them is essential for pursuing a business career. It is now a subject of high demand both globally and nationally, and by conducting this research I plan to expand my views on the matter. The research also intends to contribute to the general studies of Saudi Arabia’s business environment. It can be of interest to local companies willing to change their image on the international market and foreign businesses wishing to invest in the country’s oil industry. In order to make changes to the Saudi market, the efforts of the government and each individual business are required to create a motivational environment where companies can thrive and increase their contribution to the economy. Research Problem & Foreseen Knowledge Gap The proposed research aims to focus on the analysis of Saudi Arabia oil industry’s governance from the perspective of foreign investors. The literature provides extensive information on the government’s policies and different aspects of the sector’s management that can be used to form the full picture of the current state of the Saudi oil industry. It intends to cover the gap in the investors’ awareness of the country’s investment climate from the perspective of corporate governance. Purpose of the Research The purpose of the research is to investigate how investors view governance in Saudi Arabia oil industry and how their views can be improved to attract more investors. The research intends to focus on the current state of the country’s oil sector after the recent economic reforms and study:   * how the companies strive to create a balance between governance and cu