Governor of Saudi Arabian General Investment Authority (SAGIA) Amr Al-Dabbagh said the Kingdom of Saudi Arabia has intensified its efforts to improve the investment environment within the framework of a program of economic reforms. In a statement on the occasion of the first anniversary of paying allegiance to the Custodian of the two Holy Mosques, King Abdullah bin Abdulaziz and Crown Prince Sultan bin Abdulaziz, the Deputy Premier, Defense and Aviation Minister and Inspector General, Al-Dabbagh said the Kingdom has made big strides in the field of encouraging local and foreign investments. He noted that King Abdullah has issued his directives to remove all obstacles that might face either the Saudi or the foreign investor. The value of licenses issued by SAGIA in 2005 for joint and foreign projects exceeded SR 200 billion, he said.
