Crown Prince Abdullah bin Abdulaziz, the Deputy Premier and Commander of the National Guard, who is also the Head of the Supreme Economic Council, has approved recommendations submitted by the standing committee of the Supreme Economic Council pertaining to a report prepared by the Saudi Arabian General Investment Authority (SAGIA).
The report included 17 agreements between SAGIA and the governmental authorities concerned with investment.
Crown Prince Abdullah has ordered SAGIA to work in cooperation with the concerned authorities for the implementation of the above agreements and to submit reports every three months.
Amr Al-Dabbagh, the Governor of SAGIA said the agreements aimed to improve the investment environment and formulation of means of solving problems that may face the investment sectors, notably the industrial sector.
He noted that the agreements included incentives to the Saudi and non-Saudi investors.
SAGIA has taken steps to enhance cooperation with the World Bank and the Research Center at King Abdulaziz University for evaluating the environment of the local and foreign investments.
