Media ININ Economy We Trust
Media In / Riyadh January 13, 2018
The number of licensed investments in Saudi Arabia increased by 99%, while the number of requests for investment expansion increased by 100% in the same year, according to the Saudi General Investment Authority’s 2018 performance report. The new licensing time was reduced to two and a half hours, 3-hour adjustment services, while the public satisfaction rate was 94%.
It is worth mentioning that the network and IT sector tops the list of sectors in increasing investments in the Kingdom during 2018. The increase in the number of investment projects was about 200%, while the increase in the scientific, technical and technical offices was 155% to finish second, In the third place was the wholesale and retail trade sector, with an increase of 103%. The increase in the manufacturing sector was 74% and ranked fourth.
The economic consensuses with countries with various economic experiences and experiences in various fields contributed greatly to increasing the number of licensed investments and the increase in the number of requests for expansion of investment in the Kingdom and its success to establish a new image of a kingdom that looks forward with a vision and confidence to an ambitious future in economic and social development, To create a competitive living environment and a serious campaign to reduce the Kingdom’s reliance on oil revenues.
