The Governor of Saudi Arabian General Investment Authority (SAGIA) Amr Al-Dabbagh said that direct investments in the Kingdom of Saudi Arabia amounted to $ 150 billion by the end of the year 2009 in comparison to less than $ 15 billion in 2005 according to the classification of the United Nations. Addressing a session of the Global Competitiveness Forum held in Riyadh on Tuesday, Al-Dabbagh pointed out that in accordance with the United Nations classification of UN Conference on Trade and Development, the Kingdom ranked 14th in 2007 and 8th in the world in terms of attracting financial investments. He stressed that the 10/10 Initiative adopted by the Authority in 2004 in terms of investment, advanced the Kingdom of Saudi Arabia to the 10th position at the global level by 2010. SAGIA Governor reviewed the Kingdom's progress in the field of international competitiveness, noting that Saudi Arabia ranked 11th in 2010 compared with 67th ranking in 2005. --More
