"SAGIA Weekly Bulletin": 7 Licenses Exceeding SAR 47.5 Million

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"SAGIA Weekly Bulletin": 7 Licenses Exceeding SAR 47.5 Million

The General Investment Authority (SAGIA) has reviewed the updates on the 7 investments granted to local and foreign corporations amounted to over SAR 47 million.

Ibrahim S. Alsuwail, Deputy Governor of Investor Services, stated that the granted licenses included industrial and trading sectors with an overall funding of SAR 47,540,000 million.

“The new licenses include investment institutions and corporations from America, France and Germany.” he added.

It is said that SAGIA had started a weekly bulletin on licenses, as part of its policy regarding transparency, performance indicators and boosting the private sector participation in the GDP.