Saudi Arabia's SAGIA holds London seminar aimed at foreign investors

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Representatives from the Saudi Arabia General Investment Authority (SAGIA) held a seminar for foreign entrepreneurs interested in investing in the Kingdom in London on Saturday. (SPA)
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Representatives from the Saudi Arabia General Investment Authority (SAGIA) held a seminar for foreign entrepreneurs interested in investing in the Kingdom in London on Saturday. (SPA)
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Representatives from the Saudi Arabia General Investment Authority (SAGIA) held a seminar for foreign entrepreneurs interested in investing in the Kingdom in London on Saturday. (SPA)
Updated 06 April 2019

Saudi Arabia's SAGIA holds London seminar aimed at foreign investors

  • The seminar was hosted by Yaarob Al-Dughaither, director of the international office at SAGIA
  • Reem Al-Sharekh, advisory account manager at SAGIA, gave a talk on license facilitating and flexible regulatory conditions in Saudi Arabia for foreign companies

LONDON: Representatives from the Saudi Arabia General Investment Authority (SAGIA) held a seminar for foreign entrepreneurs interested in investing in the Kingdom in London on Saturday, at the Arab-British Chamber of Commerce (ABCC).
The seminar, “Commercial business practices in Saudi Arabia,” was hosted by Yaarob Al-Dughaither, director of the international office at SAGIA.
“The Kingdom has seen remarkable progress in various sectors, especially mining, manufacturing, energy, water resources and tourism,” Al-Dughaither told the prospective investors.
Reem Al-Sharekh, advisory account manager at SAGIA, gave a talk on license facilitating and flexible regulatory conditions in the Kingdom for foreign companies, and Abdulsalam Al-Idrissi, deputy secretary-general of the ABCC, stressed the role of the chamber in assisting its members in seeking new opportunities, and in promoting bilateral commercial relations between Arab countries and the UK.
In addition, Al-Idrissi invited the participants to attend the Arab-British Economic Summit in London on July 3.
Finally, an open discussion was held in which participants were given the opportunity to ask questions on topics ranging from the Kingdom’s Vision 2030 program to entrance visa requirements, as well as the current business climate in the Saudi real estate, financial, infrastructure and healthcare sectors.


Saudi Arabia deserves praise for best Hajj arrangements

Muslim pilgrims leave after offering noon prayers outside the Namirah mosque on Arafat Mountain, during the annual hajj pilgrimage, outside the holy city of Makkah, Saudi Arabia, Monday, Aug. 20, 2018. (AP)
Updated 26 January 2020

Saudi Arabia deserves praise for best Hajj arrangements

  • Presence of 2.6 million Indian expats in Saudi Arabia boosts bilateral ties

On the occasion of India’s 71st Republic Day, I extend my best wishes to my fellow Indian citizens in the western region of the Kingdom of Saudi Arabia.

India and Saudi Arabia enjoy cordial and friendly relations which reflect centuries-old economic and socio-cultural ties.
Visits by Prime Minister Narendra Modi to Saudi Arabia in April 2016 and in October 2019 plus the exchanges of other high-level visits have further strengthened the warm relations between the two countries.
As our prime minister said during his visit in October 2019, India would work hand-in-hand with Saudi Arabia on the Kingdom’s Vision 2030 plan.  
The presence of over 2.6 million Indian expatriates in the Kingdom has also contributed immensely to the strength of economic and socio-cultural ties between our two nations.
Bilateral trade delegations have also increased in the last few years. Indian business delegations are now a regular feature of trade exhibitions in Jeddah and other parts of the Kingdom. The Indian Consulate in Jeddah works tirelessly and diligently to provide the best possible service to Indian nationals residing in the western region of the Kingdom.
This good service includes reducing to three working days the length of time required for issuing/reissuing passports.
The introduction of an e-visa facility for Saudi nationals has further streamlined visa processing and provides a smooth first step for those wanting to visit India.
The Indian government and the people of India are grateful to King Salman, Crown Prince Mohammed bin Salman and Hajj Minister Dr. Mohammed Benten for making excellent arrangements during Hajj 2019. In that year, 200,000 Indian nationals performed Hajj and more than 650,000 Indians came for Umrah.
The Indian side remains committed to partnering closely with Saudi Arabia and working toward a very successful Hajj 2020.
We sincerely express our gratitude to King Salman, Crown Prince Mohammed bin Salman and the Saudi ministries of foreign affairs, labor, interior and the authorities of Jawazat, Tarheel and other concerned agencies who have always provided exemplary assistance to the consulate which has enabled the comfortable stay of the many Indians visiting, living, and working in the Kingdom.


• Md. Noor Rahman Sheikh is India’s consul general in Jeddah.