The 8th Annual Global Competitiveness Forum (GCF) 2015 being organized by the Saudi Arabian General Investment Authority (SAGIA) under the title "Public Sector Competitiveness" started its activities here today with the participation of leaders of thought, economies and policies from across the world. In his opening speech at the three-day Forum, the SAGIA Governor Engineer Abdullatif Al-Othman extended condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud; the Crown Prince; the Deputy Crown Prince; the royal family and the Saudi people on the great loss of the death of the late King Abdullah bin Abdulaziz Al Saud, praying to Allah Almighty to bestow mercy on his soul. He said "The Kingdom of Saudi Arabia has witnessed, during the past decade, renaissance and development in various fields, the most important one in terms of investment was the Kingdom's accession to the World Trade Organization (WTO), the issuance and amendment of many regulations along with continuous development of trade and implementation of judicial laws, doubling of volume of foreign investments for several times in the Kingdom and doubling the domestic output with low public debt to reach up to about 2% of GDP," pointing out that the International Monetary Fund in its last report confirmed that the Saudi economy, according to these indicators was, over the past decade, among the best economies of Group Twenty (G-20) Countries performance. --More 11:13 LOCAL TIME 08:13 GMT تغريد
