SAGIA granted licenses for SAR 309 mln in January

The Saudi Arabian General Investment Authority (SAGIA) said in a statement that It granted licenses to 52 foreign and local firms in January with total investments of SAR 309.3 million.

Service activities came on top with 35 licenses. The industrial activity came second with nine licenses, followed by trading activity (five licenses), real estate and temporary activity with one license each.

SAGIA added that foreign firms represented 24 countries, including the United States, China, Egypt, the United Arab Emirates, Turkey, Jordan, Morocco, The United Kingdom, France, Bahrain, Germany, Australia, Yemen, Canada, Monaco, Switzerland, Lebanon, Ireland, Luxembourg, India and South Korea.