The Saudi Arabian General Investment Authority
(SAGIA) was created by the Saudi Government
on April 10, 2000 as part of measures geared towards formalizing the process of economic liberalization. SAGIA is responsible for managing the investment environment in the Kingdom. Its objective is to achieve rapid and sustainable economic growth by creating a pro-business environment, providing comprehensive services to investors and fostering investment opportunities in key sectors of the economy, including energy, transportation, ICT and knowledge-based industries.
Programs and Plans
The “10 x 10” Program
The objective of SAGIA’s ambitious “10 x 10” program is to place Saudi Arabia
among the world’s top ten competitive investment destinations by the year 2010. With this in mind, SAGIA has created the National Competitiveness Center (NCC), which compares the performance of Saudi Arabia’s investment opportunities to more than 300 indicators of global competitiveness, assessed in such publications as the World Bank
’s “Doing Business” report, the World Economic Forum
’s “Global Competitiveness Report, and the IMD
’s“World Competitiveness Yearbook”.
Guiding the drive toward greater competitiveness, job creation and economic diversification are the Economic Cities. These are mega projects in the form of integrated cities of the future. They are private-sector ventures which take full advantage of Saudi... Read More