By: Mahmoud Salah Eddin
Mubasher: Saudi Arabia aims at attracting $1 trillion foreign investments in the upcoming period, Ayedh Al-Otaibi, director general of System Development and Investment Procedures Administration in Saudi Arabian General Investment Authority (SAGIA), said.
During his speech in the Saudi-Egyptian Business Opportunities Forum on Saturday, Al-Otaibi added that attracting investments requires the provision of incentives and high-level services for investors.
“SAGIA eyes a quantum leap in the investment environment,” Al-Otaibi added, noting that Saudi is one of the largest 20 economies worldwide.
Egypt and Saudi Arabia signed on Friday 17 agreements on the side lines of the King Salman bin Abdul Aziz Al Saud, the first visit of its kind since he took office in January 2015.
Translated by: Elwy el-Manzalawy
