HE Amr Al Dabbagh, Governor of the Saudi Arabian General Investment Authority (SAGIA), highlighted to a crowd of male and female business leaders on Saturday SAGIA's contribution to the development of the Saudi economy as well as investment opportunities in Makkah region during a forum held at the Makkah Chamber of Commerce and Industry and sponsored by Fakih Research Center.
Governor Al Dabbagh spoke about recent developments in the Saudi economy and SAGIA’s role in fostering growth in the country’s key investment sectors. The forum focused on recent efforts towards development of investment-friendly reforms, policies and legislations to attract local and international investors. Investment opportunities and ongoing projects in Makkah exceeding SR35 billion were also showcased.
The Governor delineated SAGIA's six key functions which complement the agency’s long-term goal to achieve an economic growth rate double that of the population growth rate.
Elaborating on these six roles, HE stressed the significance of unassailable partnerships between the government and the private sector in facilitating SAGIA’s objectives.
SAGIA is playing a pivotal role in helping attract investments aimed at developing the Kingdom's various regions, said the Governor. He added that SAGIA is working closely with a number of investment-related bodies to put in place incentives designed to lure capital to lesser-developed regions.
Governor Al Dabbagh stressed that SAGIA will liaise with local councils as well as chambers of commerce and industry to monitor investment opportunities in each domestic region. The exercise will leverage regional comparative advantages while communicating the same to interested local, regional, and international investors. HE cited opportunities related to Hajj and Umrah which present significant investment potential in a number of sectors.
About SAGIA
Saudi Arabian General Investment Authority (SAGIA) is a service entity aiming to provide services and facilities to promote investment and economic development in the Kingdom of Saudi Arabia (KSA). SAGIA was established in April 2000 under the directives of the Supreme Economic Council (SEC) as a catalyst to promote inward investments, facilitate exchange of best practice between the public and private sectors, as well as act as an intermediary between the global community and the Saudi Government and its ministries and agencies. It also aims to contribute to economic policy-making substantiated by research and strategic criteria.
SAGIA’s role is complementary and supportive to the bodies directly concerned with the various investment sectors and working to finalize the investors’ procedures. The mission of SAGIA is to create a pro-business environment while providing comprehensive services to investors, and fostering investment opportunities in energy, transportation and knowledge-based industries. For more information on SAGIA please visit www.sagia.gov.sa
