RIYADH —

The Saudi Arabian General Investment Authority (SAGIA), represented by the Deputy Governor for the Development of Investment Environment, Dr. Ayedh bin Hadi Al-Otaibi, participated in the Sixth Saudi Trade Finance Summit, which kicked off Wednesday at the Al Faisaliah Hotel in Riyadh.

Dr. Al-Otaibi delivered a speech on “Unlocking the Potential of the Arab World’s Largest Economy” which reviewed the objectives of the authority within the Kingdom’s Vision 2030 and the most important reforms in the investment environment implemented to support and motivate business companies in the Kingdom.

Dr. Al-Otaibi pointed out that Saudi Arabia is moving rapidly to achieve the goals and programs of the Vision, including increasing foreign direct investment in the Kingdom, diversifying income sources, and leveraging its unique attributes as the heart of the Islamic world and the link between three continents.

Dr. Al-Otaibi highlighted that the Saudi economy has the strongest advantage in the region and is standing firmly on a number of strong factors supported by a competitive environment for all economic sectors.

The Deputy Governor for the Development of Investment Environment explained that the Kingdom is steering to make the SME sector the main engine for economic development in the Kingdom and support the economic diversification plans in line with the Vision 2030. Therefore, the sector has witnessed several steps to grow and develop it in order to achieve sustainable growth, job creation, and creating a supportive and incubating environment for creativity and innovation.

SAGIA adopts strategies that are in line with the Kingdom’s vision to supports the investor’s journey within the Kingdom until it begins its activity in the Saudi market. It also promotes a business environment based on customer service by measuring the satisfaction of investors with the services offered to them. — SG