2001 News Story
 

09/18/2001
SAGIA has issued 445 joint project licenses

The Saudi Arabian General Investment Authority (SAGIA) has to date issued 445 licenses involving joint Saudi and foreign capital totaling SR 34.59 billion [U.S. $ 9.23 billion]. The foreign participation in this capital represents 91.2 percent of the total, at SR 31.5 billion  [$ 8.4 billion]. The licenses issued are for 238 industrial projects with a capital investment of SR 18.85 billion [$ 5.03 billion], and 207 service projects worth SR 15.74 billion [$ 4.2 billion].


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