QAIN, as THE UNDERSECRETARY FOR REGIONS' DEVELOPMENT AFFAIRS at the Saudi Arabian General Investment Authority (SAGIA). The corrected item follows: HAIL, SAUDI ARABIA, NOV 22, SPA -- PRINCE SAUD BIN ABDUL-MOHSEN BIN ABDUL-AZIZ, THE GOVERNOR OF HAIL REGION PRESIDED HERE LAST NIGHT THE 1ST MEETING OF THE REGION S HIGHER INVESTMENT COUNCIL. PRINCE SAUD EXPRESSED HIS DEEP THANKS TO THE CUSTODIAN OF THE TWO HOLY MOSQUES, KING ABDULLAH BIN ABDULAZIZ AND THE CROWN PRINCE FOR THEIR CONSTANT EFFORTS TO BRING ABOUT DEVELOPMENTS IN ALL REGIONS TO MAINTAIN THE PROSPERITY AND THE WELFARE OF THE SAUDI CITIZENS. IN A SPEECH, PRINCE SAUD SAID THE COUNCIL WILL BE A SUPERVISING BODY AND PLAY A VITAL ROLE IN GENERATING INVESTMENT ENVIRONMENT TO MOTIVATE INVESTMENT OPPORTUNITIES FOR BUSINESSMEN AND INVESTORS AND IN PROMOTING ECONOMIC AND INVESTMENT INITIATIVES IN HAIL REGION. MUJAHED BIN ABDULKAREEM AL-QAIN, THE UNDERSECRETARY at the Saudi Arabian General Investment Authority (SAGIA) AND a MEMBER OF THE BOARD OF TRUSTEES OF HAIL HIGHER INVESTMENT COUNCIL SAID THE PROCEDURES ARE ON TRACK TO ACTIVATE INVESTMENT AGREEMENT BETWEEN THE AUTHORITY AND THE COUNCIL TO CONSTRUCT THE PLANNED PRINCE ABDULLAH BIN MUSAED ECONOMIC CITY PROJECTS LAUNCHING OF THE CENTENNIAL FUND IN THE REGION AND OPERATING THE INVESTORS COMPREHENSIVE SERVICE CENTER.
