Saudi Arabia General Investment Authority grants licenses to 13 US companies

Saudi Arabia’s General Investment Authority (SAGIA) has granted investment licenses to 13 American companies. (SPA)
Updated 28 March 2018

Saudi Arabia General Investment Authority grants licenses to 13 US companies

LONDON: Saudi Arabia’s General Investment Authority (SAGIA) has granted investment licenses to 13 American companies on the sidelines of the Saudi-US CEO Forum. The signing comes as part of Crown Prince Mohammed bin Salman’s official visit to the US. 
The head of SAGIA Ibrahim Al-Omar said that the new licences were granted to the companies in line with Vision 2030 s as part of Saudi Arabia's efforts to encourage the world's leading companies to inject more investment into the Saudi economy and to make the investment environment in the Kingdom more competitive.
Mr Al-Omar added: “The General Authority for Investment is working to adopt best practices and techniques that will facilitate the work of new investors in Saudi Arabia and improve regulatory and procedural environment to attract and enable quality investors, and develop the necessary infrastructure that facilitate business in general and create a suitable environment for investors in an easy and efficient way.”
Saudi Arabia has been issuing more licences to foreign companies in recent years, in sectors as wide-ranging as the service sector, manufacturing, information technology, oil services, environmental, construction, automotive, food services, oil and gas and renewable energy.


Saudi books translated into Mandarin launched

Al-Madi expressed his happiness with the important step of translating Saudi literature into Mandarin. (SPA)
Updated 33 min 24 sec ago

Saudi books translated into Mandarin launched

  • Al-Madi expressed his happiness with the important step of translating Saudi literature into Mandarin

BEIJING: Three books on Saudi classical literature, which were translated into the Chinese language, were launched at a ceremony organized by the Beijing Teachers Qualification Publishing House.
The event was held in cooperation with the Center for Research and Intercommunication Knowledge in Riyadh, and the Department of Arabic Language at Beijing University for Foreign Studies.
It was attended by the Saudi ambassador to China, Turki Al-Madi, the president of the Center for Research and Intercommunication Knowledge, Dr. Yahya bin Junaid, and Chinese officials. Al-Madi expressed his happiness with the important step of translating Saudi literature into Mandarin.