2005 News Story

SAGIA Governor urges British investment in Saudi Arabia

Governor of the Saudi Arabian General Investment Authority (SAGIA) Amr Al-Dabbagh has invited British businesspeople to invest in Saudi Arabia, specifically in the sectors of information technology, telecommunications and transportation.  Speaking in London last week at the conference ‘Two Kingdoms: Facing the Challenges Ahead’, he declared that the training sector alone is expected to grow by up to six percent annually, with Saudi Arabia taking a strategic shift toward e-commerce to streamline government operations.

Meanwhile, Saudi shares set a new record high yesterday, driven by strong oil revenues that have boosted corporate earnings and the cash holdings of investors. The all-share index rose to 8,945 points in early trading, a gain of 0.9 percent from Thursday's close of 8,867.