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234:, foreign direct investment, and economic development. In 2017, SAGIA launched Tayseer program, aimed at improving the investment climate for private companies. SAGIA has signed a number of major non-oil investment agreements. At its third annual Future Investment Initiative (FII) conference, which took place in October 2019, SAGIA signed 23 agreements collectively $ 15 billion. These included a $ 700 million investment deal with Modular Middle East; a $ 300 million investment deal with ForDeal, a $ 200 million deal with Shiloh Minerals, a $ 120 million investment deal with BRF Brazil Food, a $ 110 million investment deal with KME, and a $ 50 million deal with
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246:; in 2016, SAGIA gave Pfizer 100% foreign ownership of its legal entity in Saudi Arabia. In August 2017, SAGIA allowing 100% foreign ownership in the engineering business for the first time; the rules remained restrictive, such that only established multinationals were eligible.
219:, was Chairman of SAGIA from 2000 until his resignation in March 2004. He promoted more openness to foreign investment in Saudi Arabia, as well as a period of trade liberalization and privatization, and his tenure coincided with Saudi Arabia's accession to the
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ruler of the kingdom. MBS has aggressively moved to diversify the Saudi economy away from petroleum. It was unclear whether the new
Investment Ministry would be more powerful than SAGIA.
223:. However, Prince Abdullah faced resistance from more conservative factions within the Saudi government who opposed economic reforms, as well as the Saudi bureaucracy.
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licenses to non-Saudi companies that wished to operate in the
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government ministry that oversees foreign investment in the country by issuing licenses to foreign investors.
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In 2020, a royal order was issued, replacing SAGIA with a new
Ministry of Investment under
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It was established as the
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Saudi Arabia signs $ 15 bln in agreements at annual investment forum - statement
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and was transformed into a ministry in 2020 through a royal decree issued by
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signed an agreement with SAGIA to set up its first manufacturing plant in
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Executive department that regulates foreign investment in Saudi Arabia
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Former investment chief is new Saudi ambassador to
Washington
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Saudi ex-energy minister bounces back as investment chief
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Historically, SAGIA held responsibility for issuing
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213:Abdullah ibn Faisal ibn Turki al Abdullah Alsaud
171:Saudi Arabian General Investment Authority SAGIA
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345:"Saudi red tape frustrates foreign investment"
226:The SAGIA played a key role in Saudi Arabia's
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970:Council of Economic and Development Affairs
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408:. International Herald Tribune.
1359:Ministries established in 2020
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400:Eric Pfanner (June 24, 2003).
343:Allam, Abeer (30 March 2014).
333:, Reuters (February 25, 2020).
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914:Chairman of the General Staff
506:Kane, Frank (9 August 2017).
481:, Reuters (October 29, 2019).
427:, Reuters (October 21, 2015).
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230:initiative, which focused on
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985:History of the oil industry
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128:, Minister of Investment
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232:economic liberalization
178:الهيئة العامة للإستثمار
203:History and governance
67:; 24 years ago
20:Ministry of Investment
1364:Ministries of finance
747:Consultative Assembly
1012:Saudi Central Bank
820:Freedom of religion
596:Early Islamic State
534:Saudi Arabia portal
449:. October 29, 2021.
259:Mohammed bin Salman
169:), (previously the
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1027:Telecommunications
810:Capital punishment
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601:Rashidun Caliphate
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384:. October 7, 2004.
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349:. Retrieved
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305:. Retrieved
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113:Saudi Arabia
105:Headquarters
95:Jurisdiction
1179:Visual arts
1119:Health care
955:Agriculture
899:Air Defense
862:Visa policy
682:Earthquakes
631:Unification
261:(MBS), the
228:Vision 2030
193:King Salman
1343:Categories
1204:television
1075:Censorship
997:Irrigation
377:Wide Angle
351:3 December
307:2020-02-25
281:References
236:Xylem Inc.
72:2000-04-10
1144:Terrorism
1107:libraries
1102:Education
1037:Transport
960:Companies
894:Air Force
847:Judiciary
815:Elections
805:Basic Law
697:Provinces
692:Mountains
655:Geography
513:Arab News
477:Reuters,
465:Arab News
423:Reuters,
189:King Fahd
1323:Category
1250:Heritage
1238:football
1221:Religion
1194:Language
1134:Polygamy
1070:Abortion
876:Military
857:Passport
721:Politics
707:Wildlife
575:articles
269:See also
263:de facto
180:), is a
1307:Outline
1260:Symbols
1245:Theatre
1189:Cuisine
1166:Culture
1129:Obesity
1058:Society
1032:Tourism
943:Economy
742:Cabinet
677:Climate
667:Borders
583:History
447:Reuters
136:Website
70: (
1328:Portal
1278:Emblem
1268:Anthem
1184:Cinema
975:Energy
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240:Pfizer
174:Arabic
163:Arabic
109:Riyadh
62:Formed
1314:Index
1288:Motto
1273:Dance
1233:Sport
1226:Islam
1211:Music
1199:Media
1090:youth
1080:Crime
840:Women
702:Wadis
1283:Flag
1042:rail
1002:OPEC
889:Navy
884:Army
835:Rape
830:LGBT
762:King
353:2016
157:The
143:.gov
141:misa
1174:Art
797:Law
382:PBS
147:/en
145:.sa
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