BUSINESS

SAGIA issues 158 licenses with SR3.26b capital in H1

September 18, 2017

RIYADH – Saudi Arabian General Investment Authority (SAGIA) has announced the results of its semi-annual report for 2017, which showed a 130 percent increase in issuing licenses for investment projects compared to the same period in 2016.

It pointed out that the number of licensed projects reached 158 during the first half of 2017, with a total capital of SR3.258 billion, in comparison to the issuance of 127 licenses with a capital of SR1.392 billion in the first half of 2016.

China ranked first among the countries licensed to invest in the Kingdom with a share of SR254 million, followed by the USA with a share of SR187 million, and the Netherlands ranked third with a share of SR180 million. — SPA


September 18, 2017
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