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  • 30-10-19

    Sagia inks investment deals worth USD15bn

    (MENAFN) Saudi Arabian General Investment Authority (Sagia) has announced that 23 investment agreements have been signed and exchanged during the Future Investment Initiative in Riyadh today.

    A Saudi Press Agency reported, totaling more than USD15 billion in value, these agreements were exchanged by signatories in an offered ceremony held at the Ritz-Carlton hotel in Riyadh. Coordinated under Invest Saudi, these agreements reflect the massive potential that Saudi Arabia offers to investors from across the Kingdom and around the world.

    Governor of Sagia, Ibrahim Al-Omar, commenting on the agreements, said: "As Saudi Arabia welcomes investors and decision-makers from across the globe to this annual global investment platform, the agreements exchanged here today reflect the strength and diversity of the economy. Under Saudi Vision 2030, Saudi Arabia is undergoing an ambitious program of economic reform, and the world is taking notice. This month, Saudi Arabia climbed 30 places in the World Bank"s Doing Business 2020 report, becoming the most improved economy globally. The indicators are clear: Saudi Arabia is not only open for business, it"s the economy of the future."

    MENAFN3010201900450000ID1099197144

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