The Saudi Arabian General Investment Authority (SAGIA) has licensed four Chinese investment firms, state-owned Saudi Press Agency (SPA) reported on Thursday, citing SAGIA’s governor, Ibrahim Al Omar.
Licensing the four companies, which have a combined capital of over SAR 190 million, reflects the Saudi government efforts to improve license issuance processes and facilitate doing business for all investors across the Kingdom.
Al-Omar added that SAGIA aims to attract more foreign investments and enhance the public-private partnership in various projects.
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