The Saudi Arabian General Investment Authority (SAGIA) granted on Wednesday investment licenses for four French companies, reported the Saudi Press Agency.
The agreement was announced on the sidelines of the visit paid to France by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, and the sidelines of the Saudi-French CEO Forum.
In a statement to SPA, SAGIA Governor Ibrahim bin Abdurrahman Al-Omar said that the licenses granted to the French companies in the fields of services, environment, technology and transport.
He said that Saudi Arabia is seeking to motivate leading international companies to pump more investments in accordance with Vision 2030 and to strengthen the competitiveness of the investment environment in the Kingdom.
He affirmed that SAGIA is working to adopt the best practices and techniques that will facilitate the business for the investors in Saudi Arabia and to create an attractive environment for investors.
