SAGIA, World Bank to survey Saudi investment climate
The Saudi Arabian General Investment Authority (SAGIA) is conducting the first comprehensive evaluation of the local and foreign investment environment in the Kingdom of Saudi Arabia, in collaboration with the World Bank.
The evaluation aims at measuring the progress achieved in the investment environment by providing appropriate scientific mechanisms to determine the priorities and fields that require further attention, hence, providing a competitive investment environment on regional and international grounds. The evaluation comes as one of the six pillars pivoting SAGIA’s strategy.
To that end, Amr Al Dabbagh, the Governor of SAGIA, signed an agreement yesterday with Dr. Osama Tayeb, president of King Abdul Aziz University in Jeddah. According to the agreement, the university’s Research and Consultation Center will conduct a survey on 1,000 sample companies and institutions in the Kingdom. The 11-week survey will also include the World Economic Forum and the investment environment in the Kingdom of Saudi Arabia.
“SAGIA is active on all investment promotion fronts in the Kingdom. The purpose of this survey is to map the effectiveness of SAGIA’s work. We believe in self-criticism and in being objective. Therefore, we are seeking a third party’s independent assessment of our work,” commented HE Amr Al Dabbagh.
The exercise will include detailed reports describing the investment environment in a number of countries. The reports will be based on field surveys conducted regularly for this purpose in addition to other analytic methods.