South African Business Council has announced the creation of Saudi-South African Holding Company (SASAH) to invest in the industrial, mining and agricultural fields. This came following the meeting Saturday between the two sides under the chairmanship of Dr. Saeed Bin Jibran Al-Qahtani representing the Saudi side and Dr. Iqbal Saif representing the South African side at the headquarters of the Saudi General Investment Authority (SAGIA). The agreement was signed in the presence of Prince Saud Bin Khaled Al-Faisal, Deputy Governor for Investment Affairs at SAGIA and Chairman of the National Competitiveness Center. Prince Saud confirmed the authority's support for all investment initiatives that boost the level of cooperation and increase the volume of trade exchange between the two countries. He said the Kingdom and South Africa are rich in investment opportunities in different fields. Also, they enjoy distinctive economic and political relations and all these are factors that help in providing an attractive investment environment for businessmen and investors in both countries.
