SAGIA, Diriyah Gate Authority ink MoU to attract local, foreign investors to Diriyah project

The Saudi Arabian General Investment Authority (SAGIA) and the Diriyah Gate Development Authority (DGDA) signed a memorandum of understanding (MoU) on Feb. 20 to attract local and foreign investments to the Kingdom, the Saudi Press Agency reported.

Under the MoU, the two authorities will establish a joint working group to boost cooperation in several areas including attracting local and foreign investors to the Diriyah Gate project.

They will also provide facilitations to investors, along with providing economic market studies, build partnerships with commercial and industrial bodies and local companies, launch businesses, and promote the ease of doing business.

Other aspects of joint cooperation will cover providing logistic support, participating in local and international exhibitions, forums and special visits as well as exchanging knowledge and information.