Saudi Arabian General Investment Authority (SAGIA)'s report for the third quarter of 2018 has showed an increase in the number of licenses granted to foreign and domestic companies being invested in the Kingdom of Saudi Arabia by more than 90% compared to the number of licenses issued in the same period in 2017, as the Authority granted 499 licenses until the end of the third quarter of 2018. SAGIA's Deputy Governor for investor services and consultations Ibrahim bin Saleh Al-Suwail said that the increase in the number of investments in the Kingdom reflects the qualitative leap enhancing the diversification of its economy due to the efforts being exerted by the SAGIA in cooperation with relevant authorities to facilitate practicing of business and attracting of Foreign investments to the Saudi market.
