The 海角直播n General Investment Authority (SAGIA) has awarded investment licenses to four Swiss companies, which will enable the launch of their operations in the Kingdom.
SICPA-Jameel, Roche Diagnostics 海角直播, MEDLOG and ABB Substations Contracting Co. received their licenses on the sidelines of the 11th session of the Saudi-Swiss Joint Commission, held recently in the Swiss capital Bern.
Welcoming the awarding of the licenses, SAGIA Gov. Ibrahim Al-Omar, said: 鈥淭hese excellent developments in Switzerland underline the importance of building strong economic partnerships. We want to use these partnerships to help illuminate and enable investment opportunities for companies and investors across a number of promising sectors, while also helping to realize the Kingdom鈥檚 Vision 2030, economic diversification and a new era for 海角直播.鈥
In addition to continuously engaging and building strong relationships with leading companies and relevant stakeholders across the world, SAGIA, along with its partners, is focused on enhancing the competitiveness and attractiveness of the investment environment for foreign investors in the country.
Fady M. Jameel, deputy president, and vice chairman, Abdul Latif Jameel Co., said: 鈥淥ur company is proud to be the investment partner of choice for this venture with SICPA Finance and bring this cutting edge 鈥榯rack and trace solutions鈥 technology to businesses and consumers in 海角直播.鈥
SAGIA has led the way in creating significant legal, regulatory, commercial and financial reforms to protect investors and generate confidence in 海角直播 as an investment destination. Foreign investors enjoy an increased number of sectors open to foreign investment, including 100 percent ownership, streamlined procedures and reduced costs, access to resources and financing, and significant opportunities.
Al-Omar highlighted the enormous potential that the Saudi economy presents to foreign investors and the vast new horizons that Vision 2030 is providing to the private sector.
He said: 鈥淪AGIA is committed to driving more quality investments by being a beacon and a partner for companies all along the investment decision-making journey, and by ensuring greater ease in establishing and running business operations.鈥
He also noted that the investment licenses granted in Bern brought the number of Swiss projects invested in the Kingdom to 94.聽
鈥淲e very much welcome the strong and valuable Swiss presence in 海角直播 and we look forward to celebrating 100 Swiss investments soon,鈥 he said.
SICPA-Jameel will provide 鈥榯rack and trace solutions鈥 in the services sector, securing production, import, and exporting trade of sensitive goods.
