Saudi Arabian General Investment Authority continued its efforts to enhance the contribution of licensed projects under the Foreign Investment Act in the economic and social development being witnessed by the Kingdom. Data and statistics on investment licenses recently issued have indicated to the emergence of a positive effect and significant improvement in the quality of the investments that have been licensed in general. A press statement by the body explained that inter developmental steps and measures taken by the Authority in the past period, represented in the work to strengthen the technical capacity to improve the quality and way of technical evaluation of applications for licenses, and the development of mechanisms of action and automated procedures, have contributed to a qualitative shift in the nature and characteristics of investment licensed in terms of the legal entity of foreign and mixed companies so as to ensure the establishment of investment entities having available factors of success and prosperity and apply accounting and technical standards and effective governance in the management and operation of the investment facility licensed by the Authority. Such measures have also contributed in 2014 to witness a change on the list of countries in the field of investment in the Kingdom. --More 15:09 LOCAL TIME 12:09 GMT تغريد
