SAGIA Governor encourages U.S. investment in the Kingdom

March 24, 2009

Governor of the Saudi Arabian General Investment Authority (SAGIA) Amr Al-Dabbagh stressed the strength of the Kingdom’s economy and its resilience in the face of the global financial crisis during an address in Washington today.

 

Speaking at a luncheon hosted in his honor by the U.S. Chamber of Commerce, Al-Dabbagh noted that the establishment of highly advanced industrial cities in the Kingdom has laid the foundation for unprecedented investment opportunities in the energy, transport, industry, information, facilities and services sectors.

Al-Dabbagh observed that Saudi Arabia now ranks 18th in terms of its volume of foreign investment – an amount that has doubled 19 times since 2000 and now exceeds $80 billion. He called on U.S. businessmen and companies to take advantage of the strong investment climate enjoyed by Saudi Arabia, which has had one of the strongest economies in the world.

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