New licenses granted to foreign Companies have been the headline of the weekly bulletin of the General Investment Authority (SAGIA), where ten new licenses have been given to foreign enterprises with an overall funding exceeding 66 million riyals.
Ibrahim. S. Al Suwayel, Deputy Governor for Investors’ Services and Consultancy, stated that licenses diversified to include services, commercial and industrial licenses noting that the overall funding stood at 66,516,800 million riyals.
"The licenses included foreign investment corporations partnered with Saudi and other foreign corporations form America, Switzerland, Jordan, Turkey, Ireland, UAE, Lebanon and Luxembourg. "He added.
One of the many endeavors of SAGIA is to attract and pave the way for qualitative investments in promising sectors, to nurture investments in pursuit of vision 2030, and that what have been achieved in the Saudi-Japanese Business Forum in which several Japanese corporations have been given investment licenses.