The firms come from a variety of sectors including information technology, construction, automotive, environment, food services, oil and gas, oil services, and renewable energy
RIYADH, March 28, 2018 – The Saudi Arabian General Investment Authority (SAGIA) has granted investment licenses to and signed agreements with 13 U.S. companies looking to invest in the Kingdom. The licenses were formulated on the side-lines of the Saudi-U.S. CEO Forum and in conjunction with the current official visit to the United States by Crown Prince Mohammed bin Salman.
SAGIA Governor Ibrahim Al-Omar said in a statement that the licenses and agreements are part of the Crown Prince’s efforts to establish 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. The Crown Prince is working to enhance the competitiveness of the investment environment in the Kingdom and making the country more attractive to foreign investors, he said.
Al-Omar added that SAGIA is working on adopting best practices and techniques to facilitate investors’ business journeys in the Kingdom, improve the regulatory and procedural environment, develop infrastructure to facilitate business and create an attractive environment for investors
The U.S. companies receiving the licenses at the Saudi-U.S. Forum come from a variety of sectors that include information technology, construction, automotive, environment, food services, oil and gas, oil services, and renewable energy.
