The evaluation aims at measuring the progress achieved in the investment environment by providing appropriate scientific mechanisms to determine the priorities and fields that require further attention, hence, providing a competitive investment environment on regional and international grounds. The evaluation comes as one of the six pillars pivoting SAGIA's strategy.
To that end, HE Amr Al Dabbagh, the Governor of SAGIA, signed an agreement yesterday with Dr. Osama Tayeb, president of King Abdul Aziz University in Jeddah. According to the agreement, the university's Research and Consultation Center will conduct a survey on 1,000 sample companies and institutions in the Kingdom. The 11-week survey will also include the World Economic Forum and the investment environment in the Kingdom of Saudi Arabia.
'SAGIA is active on all investment promotion fronts in the Kingdom. The purpose of this survey is to map the effectiveness of SAGIA's work. We believe in self-criticism and in being objective. Therefore, we are seeking a third party's independent assessment of our work,' commented HE Amr Al Dabbagh.
The exercise will include detailed reports describing the investment environment in a number of countries. The reports will be based on field surveys conducted regularly for this purpose in addition to other analytic methods.
Sagia and World Bank to survey Kingdom's investment climate
The Saudi Arabian General Investment Authority (SAGIA) is conducting the first comprehensive evaluation of the local and foreign investment environment in the Kingdom of Saudi Arabia, in collaboration with the World Bank.
- Saudi Arabia: Monday, June 27 - 2005 at 15:08
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About SAGIASaudi Arabian General Investment Authority (SAGIA) is a service entity aiming to provide services and facilities to promote investment and economic development in the Kingdom of Saudi Arabia (KSA). SAGIA was established in April 2000 under the directives of the Supreme Economic Council (SEC) as a catalyst to promote inward investments, facilitate exchange of best practice between the public and private sectors, as well as act as an intermediary between the global community and the Saudi Government and its ministries and agencies. It also aims to contribute to economic policy-making substantiated by research and strategic criteria.
SAGIA's role is complementary and supportive to the bodies directly concerned with the various investment sectors and working to finalize the investors' procedures. The mission of SAGIA is to create a pro-business environment while providing comprehensive services to investors, and fostering investment opportunities in energy, transportation and knowledge-based industries.
The SAGIA logo, name, and any other marks contained herein that reference the Saudi Arabian General Investment Authority are the property of the Saudi Arabian General Investment Authority. All rights reserved.
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, June 27 - 2005 at 15:08 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
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