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Sagia takes steps to attract FDI
JEDDAH — The Saudi Arabian General Investment Authority (Sagia) is taking all measures to attract foreign investment into the less developed regions of the kingdom.
It may be noted that the United Nations Conference on Trade and Development (UNCTAD) has listed Saudi Arabia among the top 20 countries in the world in attracting foreign direct investment.
Amr Al Dabbagh, Sagia governor said on Saturday that the economic cities being established at Rabigh, Hail, Madinah and Jizan would play a role in boosting Saudi economy and drawing foreign funds to less developed regions.
King Abdullah Economic City (KAEC) in Rabigh is the largest private sector development in the region being developed by Emaar in association with Sagia. KAEC has six key components — sea port, industrial zone, central business district (including the financial district), resort district, educational zone and residential communities.
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