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The agreement is part of SAGIA's efforts to attract more foreign investors and to bring the Kingdom inline with the regulations of the WTO to which Saudi Arabia recently acceded.
A delegation from SAGIA, led by his Excellency Amr Al-Dabbagh, visited Tetra Pak premises in Jeddah, and took a tour of the world class packaging factory. Amar Zahid made a presentation to the officials outlining the history of the company and its 50 year presence in the Kingdom detailing both its considerable successes and future expansion plans of its operations.
"Tetra Pak would like to thank SAGIA for its cooperation which helps international companies to operate smoothly in the Kingdom," Mr. Zahid said. "This positive attitude from government organisations will surely enhance and boost foreign investments in Saudi Arabia leveraging the Kingdom's competitive advantages."
Commenting on the event, his Excellency Al-Dabbagh thanked Tetra Pak for giving SAGIA the opportunity to help and support to enhance its businesses in Saudi Arabia.
"SAGIA's strategy focuses on helping the private sector and improve and accelerate the services it provides for Saudi and foreign investors and coordinate with the relevant government administrations to establish an investment environment that attracts capital and investors." Al-Dabbagh said.
"Today's impressive visit at the Tetra Pak facilities highlights the importance of cooperation between a private sector and SAGIA. It is a mutual benefit to work together as a team to remove the obstacles that stand in the way of investment and instil the spirit of positive cooperation between the two,"
he concluded.
At the end of the visit, both parties signed the agreement of cooperation that will set the scene for future expansion and as an example will also help to attract other companies to invest in Saudi Arabia.
Posted by Anne-Birte Stensgaard, Senior News Editor
