Amr Al-Dabbagh, Governor of the Saudi Arabian General Investment Authority (SAGIA), has invited the British to consider investing in IT, telecommunications and transportation sectors where multibillion dollar investment opportunities await them. "The training sector alone is evaluated in the market at around $2.4 billion and is expected to grow by up to six percent annually," he told a London audience at a strategic forum, Saudi Arabia-Securing the Future in the UK" held there last week. He noted that the Kingdom had taken a strategic shift toward e-commerce to streamline government operations. Arab News quoted the governor as saying that Britain's 33 percent increase in exports to the Kingdom demonstrates the ongoing strength of the Kingdom's investment ties with British firms. The UK is the second largest overseas investor in Saudi Arabia with the stock of UK investment currently estimated at some $3.5 billion. The estimated value of the UK's invisible earning from the Kingdom amounts to around twice that of exports in goods.
