SAGIASaudi Arabian General Investment Authority
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The talks are led by TR's CEO Juan Llado Arburua, who had flown into Riyadh with a team of advisers to negotiate an agreement with SAGIA over what the Spanish firm called an "administrative error".
Hamaidaddin said SAGIA has been hosting the annual forum to achieve several objectives such as the development of new ideas and visions related to competitiveness with the involvement of global and local leaders and thinkers.
SAGIA is supervising the development of four economic cities.
SAGIA is the official investment-promotion agency of the government of the kingdom of Saudi Arabia, responsible for promoting direct investment into the kingdom.
The man, a European national of Middle East origin, was able to use his SAGIA license to obtain contracts from a number of Saudis to build residential compounds, Al-Riyadh Arabic newspaper reported on Saturday.
In this exclusive interview with the Chairman and Governor of SAGIA, Amr Al Dabbagh, PAMELA ANN SMITH asked him why the Kingdom needs such investments, given its wealth.
SAGIA governor Amr al-Dabbagh said the projects were inspired by around 3,000 'special economic zones' that exist around the world to promote investment.
Amr al-Dabbagh, governor of Saudi Arabian General Investment Authority (SAGIA), said the jump in the new UNCTAD ranking was a major step towards achieving the "10 by 10" goal sought by SAGIA to place the kingdom in the top 10 countries in terms of investment.
AAl-Dabbagh, governor of Saudi Arabian General Investment Authority, said the jump in the new ranking from was a major step toward achieving the "10 by10" goal sought by SAGIA to place the Kingdom in the top 10 countries in terms of investment.
In this regard, Cisco Systems' investments will play a critical role in transforming the ICT and educational sectors in Saudi Arabia," commented Amr Al-Dabbagh, governor of SAGIA.
CEO Ousama Fansa said, "It is a true honor to be selected by SAGIA and be named on the prestigious list of the 100 fastest growing companies in the Kingdom.
He said the Kingdom of Saudi Arabia is currently enjoying its economic invigoration climax and that it is time for business youths to take the opportunity of investment, noting that expenditures in all sectors in the Kingdom of Saudi Arabia would reach SR2 trillion over the coming five years with the investment exploitable opportunities to amount to 100 or more in addition to unification of efforts of more than 30 bodies supportive to SAGIA unified investment plan.