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.
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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