SAGIASaudi Arabian General Investment Authority
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The MoU was signed during a ceremony in Riyadh attended by governor of Sagia, HE Ibrahim Al Omar; deputy governor for investment attraction and development at Sagia, Sultan Mofti; managing director of Sagia's petrochemical, oil, and gas sector, Ahmad AlAbedi; Unibio's chief executive officer, Henrik Busch-Larsen; Edhafat's CEO, Dr Nasser bin Kadasah; and head of trade at the Royal Danish Embassy in Riyadh, Ture Vahan Munksgaard.
The MoU was signed in a ceremony in Riyadh today attended by His Excellency Ibrahim Al Omar, Governor of SAGIA; Sultan Mofti, Deputy Governor, Investment Attraction and Development; Ahmad AlAbedi, Managing Director of Petrochemical, Oil and Gas Sector; Henrik Busch-Larsen, Unibio's CEO; Dr.
Last Thursday, a Chinese delegation visited SAGIA, and Mufti believes that Saudi-Chinese relations are at their best ever, especially after the recent visit of Saudi Arabia's leadership to China.
At the meeting, Chairman of the Board of the Agency Orkhan Mammadov and SAGIA's International Cooperation and Treaties Senior Specialist Bader Mohammad Almufgai discussed the expansion of ties in the sphere of investments between Azerbaijan and Saudi Arabia.
Jollychic founder and CEO, Arron Li, signed a memorandum of understanding (MoU) with the Governor of Sagia, Ibrahim Al-Omar, agreeing to form a comprehensive partnership to support the acceleration of digital transformation and enhancing economic diversification in Saudi Arabia.
The seminar, "Commercial business practices in Saudi Arabia", was hosted by Yaarob Al Dughaither, director of the international office at Sagia.
SAGIA revealed a range of investment opportunities in the Kingdom's financial technology sector -- in addition to the Vantec Saudi initiative -- through a dialogue session that included representatives of Saudi bodies including the General Authority for Investment, the Capital Market Authority, the Small and Medium Enterprises Authority, and the Saudi Arabian Monetary Agency represented in Vantec.
The document was signed with the aim of strengthening the relationship between BBI Bank and SAGIA, defining the framework for joint action on attracting investments and opening business cooperation between the countries of Southeastern Europe and Saudi Arabia.
One of SAGIA's strategic goals is to act as an advocate for investors, enabling them to invest and establish their businesses in Saudi Arabia.
Ibrahim bin Abdul Rahman Al-Omar, SAGIA Governor confirmed that this service will contribute in supporting innovators locally, regionally and globally, whereas, SAGIA will continue its efforts to reduce obstacles and difficulties that may face the entrepreneurs in setting up their entrepreneurial projects.
The post Saudi's Sagia eyes global innovators with new license service appeared first on Tahawul Tech.
In parallel and further to its WTO commitments, Saudi Arabia has also been continuing work to develop its foreign investment regime, largely through the policies and procedures implemented at SAGIA. This development predates WTO accession by some years, beginning with the adoption of the Foreign Investment Regulations in 2000.