Saudi licences issued to foreign firms up 70% YoY

clock • 1 min read

The authorities in Riyadh have announced a 70% increase in the number of trading licences issued to foreign companies compared to 1Q2018. The Saudi Arabia General Investment Authority (SAGIA) said that main increase was in applications from British firms (up 86%) and Chinese (up 71% on 2018). Ibrahim al-Omar, governor of SAGIA, said, "We are reviewing all licencing requirements, and you will see a 50 per cent drop overall from government departments in terms of the time, cost and number...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.