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’s Qassim prepares over 200 mosques for Friday prayers

Updated 04 June 2020

Saudi’s Qassim prepares over 200 mosques for Friday prayers

  • Volunteers will help worshipers disperse between mosques
  • The first call to prayer will be announced 20 minutes earlier

DUBAI: Islamic authority in Qassim region have approved 205 mosques to perform Friday prayers according to new regulations, state news agency SPA reported.

The first call to prayer will be announced 20 minutes earlier, and khutbas – religious address delivered by the imam – to last at maximum for 15 minutes.

Also, volunteers will help worshipers disperse between mosques.

Mosques across the Kingdom, except for those in Makkah, have opened their doors to worshippers on Sunday, May 31, as coronavirus restrictions ease.

Last week, Saudi Arabia’s Minister of Islamic Affairs Sheikh Abdullatif Al-Sheikh called on Muslims to respect ongoing safety measures inside mosques, such as bringing their own prayer mats, wearing masks and washing hands prior to entering the vicinities.

Al-Asheikh said preventative measures will remain in place to ensure a safe return of worshipers to mosques for Friday prayers from May 31 until June 20.