saudi-arabia-open-for-business

Saudi Arabia open for business

The Middle EastÆs most pro-business economy continues to open up to foreigners. But just who is investing in the kingdom?
January 04, 2009
Saudi Arabia is open for business. Across the investment spectrum, the kingdom has reduced restrictions on starting, investing in and running a business. Investment is up and, even with the global credit crisis, business is good.

The kingdom is taking advantage of its competitive edge. From its strategic location at the centre of the Middle East, a centuries old way-point between east and west, to its natural cost-effectiveness in many petroleum-derived and energy-intensive products, Saudi Arabia makes sense for many businesses.

ôWe are cherry picking industries and businesses that are correlated to our competitive advantages and core competences,ö says Saudi Arabia General Investment Authority SAGIA governor and chairman Amr A. Al-Dabbagh. ôOn all fronts we...
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