Saudi Arabia awards 7 investment licenses to foreign, local firms

22/01/2018 Argaam

 

Saudi Arabian General Investment Authority (SAGIA) awarded last week seven investment licenses to foreign and local investors to operate in the Kingdom, with capital of over SAR 47.5 million, the government body said.

 

The new licenses were awarded to firms from the US, France and Germany.

 

SAGIA's initiatives are an essential part of the Kingdom's plans to attract foreign investors and diversify its economy, the statement added. 

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