SAGIA vows support for local business entrepreneurs

Riyadh, Safar 20, 1437, December 02, 2015, SPA — During a meeting to exchange views on mutual issues of concern on the fringes of the ongoing Eastern Region Female and Male Youths Forum and Exhibition 2015, organized by the Eastern Region Chamber of Commerce in Dammam, Engineer Abdullatif Al-Othman, Governor of the Saudi Arabian General Investment Authority (SAGIA), told a host of business female and male entrepreneurs that SAGIA is serving not only foreign investors but also provides several services for local investors.
At the meeting which focused on the challenges facing business male and female youths, Al-Othman said the Authority’s objectives and activities are based on building effective partnerships with numerous governmental bodies aiming to improve investment environment, and develop the regulations and procedures through a program designed to tackle obstacles.
He went on to say that SAGIA has designed its priorities and programs on a comprehensive evaluation for the investment environment and orientation, mainly to forge qualitative investments to build competitive economic sectors, achieve qualitative leap for the investment environment, create professional marketing for investment strategic attraction, score excellence in the service of investors and reach top marks of performance.
Al-Othman suggested that among the key priorities are the easiness of business starts, flow of across-the-border trade, transparency and stability of commercial regulations, activation of government procurement and incentive systems, improvement of the reach of goods to international markets and competitiveness, and, finally, availability of qualified labor force, pointing to the application of “Invest in Saudi Arabia” website in Arabic and English which now highlights more than 30 indexes and more than 90 investment opportunities.
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15:34 LOCAL TIME 12:34 GMT