Saudi partnership in foreign investments reaches 40%: SAGIA governor

Saudi partnership in the Kingdom’s foreign investments reaches over 40 percent, Saudi Press Agency (SPA) reported, citing Ibrahim Al-Omar, governor of Saudi Arabian General Investment Authority (SAGIA).

SAGIA focuses on both local and foreign investors, as domestic investors attract foreign ones, he said on the sidelines of Makkah Economic Forum.

As for Makkah’s competitive advantages, Al-Omar said that the region has a historic commercial heritage and strong infrastructure.

Makkah also has Jeddah Islamic Port, which saw remarkable growth of 4.7 million tons of merchandize and reported an increase of over 36 percent in containers’ handling, he said.

Al-Omar added that working on sustainability will largely reflect on investors returns.