Separately, Governor Dabbagh and a number of SAGIA executives met with Minister Mentor Lee Kwan Yew, the engineer of modern-day Singapore. A number of SAGIA's Singaporean counterparts were also present at the meeting.
The purpose of the visit was to follow up the investment deliberations surrounding promoting investments in Saudi Arabia to Singaporean companies. The visit comes one week after Mr. Lee Kwan Yew and Singaporean officials visited Riyadh to explore investment opportunities their and visited the pavilion of King Abdullah Economic City, which is being developed on the Red Sea coast.
Worth noting is the fact that when SAGIA was preparing its five year strategy it had benefited from the Singaporean experience in this regard.
On another note, Governor Dabbagh inaugurated SAGIA's Singapore office which will service investors and promote investments into Saudi Arabia. The inauguration was attended by the Saudi Ambassador to Singapore Dr. Mohamed Kurdi.
The office is part of SAGIA's plan to open a number of similar offices through Saudi embassies in the world's major economic destinations as well as in the major Saudi airports in an effort to enhance the investment climate of Saudi Arabia. The move is in response to directives by the Custodian of The Two Holly Mosques.
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Governor Dabbagh inaugurates SAGIA office in Singapore
- Saudi Arabia: Tuesday, April 11 - 2006 at 09:45
- PRESS RELEASE
The Governor of the Saudi Arabian General Investment Authority (SAGIA) Amr Al-Dabbagh stressed the importance of the visit of HRH Crown Prince Sultan Bin AbdulAziz's to Singapore and its role in furthering financial and investment ties between the two countries.
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About SAGIAThe Saudi 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. 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 business 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. For more information on SAGIA please visit
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 EditorTuesday, April 11 - 2006 at 09:45 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.
This article was updated on Fri Sep 15 2006.
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