The Saudi Arabian General Investment Authority (SAGIA) has recently granted several investment licenses for 13 US companies on the sidelines of the Saudi-U.S. CEO Forum and in conjunction with the current official visit to the United State by His Royal Highness Prince Mohammed bin Salman bin Abdul-Aziz, Crown Prince, Vice President of the Council of Ministers and Minister of Defense.
SAGIA Governor, Eng. Ibrahim Al-Omar said in a statement that the licenses and agreements are part of the Crown Prince's efforts to create a position for the Kingdom in several sectors, in addition to motivating the world's leading companies to invest more in line with Saudi Vision 2030, and to enhance the competitiveness of the investment environment in the Kingdom and make it more attractive to investors.
Al-Omar added, that they are working on adopting the best practices and techniques that will facilitate the investors' business journey in the Kingdom, improve the regulatory and procedural environment, develop infrastructure to facilitate business and create an attractive environment for investors.
The sectors of the licensed companies varied between services, industry, information technology, oil services, construction, automotive industry, environment, food services, oil and gas, and renewable energy.