Saudi Arabian General Investment Authority
| الهيئة العامة للإستثمار | |
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| Agency overview | |
|---|---|
| Jurisdiction | Saudi Arabia |
| Headquarters |
Riyadh Coordinates: 24°38′57″N 46°44′8″E / 24.64917°N 46.73556°E |
| Agency executive |
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| Website | Official website |
The Saudi Arabian General Investment Authority (SAGIA) is the foreign investment license provider for the Kingdom. It was created by the Saudi Government on 10 April 2000, as part of measures geared towards formalizing the process of economic liberalization. SAGIA is a governmental body that reports to the president of the Supreme Economic Council, with its headquarter in the city of Riyadh. Its objective is to achieve economic growth by creating a pro-business environment, providing services to investors and fostering investment opportunities in key sectors of the economy, including energy, transportation, ICT, and knowledge-based industries.
The Global Competitiveness Forum is an annual program of activities held in Riyadh, Saudi Arabia organized by the Saudi Arabian General Investment Authority and attended by global business leaders, international political leaders, and selected intellectuals who share a common interest in competitiveness. GCF's mission is to continue fostering awareness and enthusiasm around the issue of competitiveness, and to evaluate the applicability of competitiveness theory and practice as a tool for generating real solutions to contemporary global challenges. The GCF 2016 will focus on “Competitive Sectors” and shed the light on the ingredients that are essential in driving the competitiveness of sectors, the strategies that governments should follow to accelerate competitiveness, and, most importantly, the role of competitive sectors in maintaining a sustainable economic growth. Furthermore, in its 9th edition, the GCF will draw focus on the priority sectors that have been identified to have a direct impact on economic and human development; sectors such as Healthcare and Life Sciences, Transport, Education, ICT, and the Services sector (i.e. Tourism, Financial Services, Real Estate, Professional Consulting) will be discussed throughout the program of the GCF 2016. Global and local perspectives on issues such as the importance of innovation and ensuring high levels of productivity towards achieving competitiveness in sectors will take a significant part in panel discussions. In addition, discussion will highlight the achievements of economic diversification and the creation of jobs for a growing youthful population.
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