Saudi Arabian General Investment Authority 2.92

The Saudi Arabian General Investment Authority is the foreign investment license provider for the Kingdom. It was created by the Saudi Government on 10 April 2000, as part of measures geared towards formalizing the process of economic liberalization. SAGIA is a governmental body that reports to the president of the Supreme Economic Council, with its headquarter in the city of Riyadh. Its objective is to achieve economic growth by creating a pro-business environment, providing services to investors and fostering investment opportunities in key sectors of the economy, including energy, transportation, ICT, and knowledge-based industries.