On behalf of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, Prince Naif bin Abdulaziz Al Saud, Second Deputy Premier and Minister of Interior, opened here today the Fifth Global Competitiveness Forum, which is held under the theme "Innovation as a Means to Competitiveness" and organized by the Saudi Arabian General Investment Authority (SAGIA). Upon his arrival at the venue, Prince Naif was received by SAGIA Governor Amr Al-Dabbagh; Prince Saud bin Khalid Al-Faisal, Deputy Governor for Investment Affairs; and a number of officials. SAGIA Governor delivered a speech in which he commended the economic reforms undertaken by the Kingdom of Saudi Arabia under the directives of the Custodian of the Two Holy Mosques, the Deputy Custodian of the Two Holy Mosques and the Second Deputy Premier. Al-Dabbagh also said that the Kingdom of Saudi Arabia have exerted intensive efforts to improve investment environment. Such efforts resulted in a number of economic reforms that led to achieving security and stability in addition to advanced positions in international reports relating to investment, he added. "According to the United Nations Conference on Trade and Development (UNCTAD) Report 2010, the actual foreign investment flows into the Kingdom of Saudi Arabia in 2009 amounted to SR 133 billion, bringing the total foreign investments in Saudi Arabia to SR 552 billion," SAGIA Governor said. --More
