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FINANCIAL NEWS
Saudi economy allocates USD140b investment opportunities for 2015
31 Mar 2015
(MENAFN) Saudi Arabia announced allocating a sum of USD140 billion for investment opportunities, according to the Deputy Governor of the Saudi Arabian General Investment Authority (SAGIA), Gulf News reported.
Saudi is currently evolving a database as an aid for investors to help them in making more sound judgments and decisions to capitalize on their investment incomes. Saudi also developed an app to include all investment opportunities.
Other regulatory reforms, the hungry-for-investments country made, include the original ‘fast-track’ procedures set to secure licenses processing within three days for investors. Thus, Saudi is ranked third as the fastest growing economy in the G20.
“These opportunities will be open to all investors in the transport, health care sectors and industrial sectors, and will also be actively presented to individual investing entities,” the Deputy Governor said in the statement.
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