AlHijjah 15, 1435, Oct 9, 2014, SPA -- Director of Information and Communication in the Saudi Arabian General Investment Authority (SAGIA) Nasser Al-Tawayan has confirmed baseless and untrue claims of a study designed to limit the number of licenses issued under the system of foreign investment to just 100 license a year, explaining that it is not logical that SAGIA may have such trends since they are incompatible with the basic principles underlying the economic policy of the Kingdom of Saudi Arabia, based on openness, flexibility and application of the concept of free economy in general. In a statement made today to the Saudi Press Agency (SPA), Al-Tawayan indicated the efforts being exerted by the Kingdom to provide the appropriate environment to attract and develop local and foreign investments alike, as well as to provide all aspects of support, facilitations and incentives to create a more competitive investment environment to enable private sector enterprises to achieve further growth and prosperity. --More 20:12 LOCAL TIME 17:12 GMT تغريد
