1. To act as a service organization (facilitator), supporting and providing hands-on assistance to existing and prospective investors. SAGIA aims to provide the full range of support functions, from the enquiry stage to the fulfillment of a business project.
2. To act as Saudi Arabia’s inward investment promotion agency. This means promoting the Kingdom as a stable, modern economy and strategic and profitable investment location. Its role is to project the Kingdom as a nation that offers a globally acceptable standard of living and a peaceful social and cultural atmosphere for people of all nationalities.
3. To act as a catalyst for major changes. Its statute empowers SAGIA to recommend state policies designed to promote and enhance local and foreign investments and to propose executive plans and criteria to improve the investment climate in Saudi Arabia. SAGIA acts as an intermediary between the global community and the Saudi Government and its ministries and agencies.
History
The Saudi Consulting House, established in 1967, was a Government consulting corporation which provided a range of research and consultancy services for industry in the Kingdom.
On 10th April, 2000, the Saudi Consulting House was dissolved. All its duties and rights were transferred all its duties and rights to the newly-established General Investment Authority.
(last updated: 07-June-2004)
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Saudi Arabia \ Regulatory Economic Authorities \ Supreme Economic Council \ Saudi Arabian General Investment Authority (SAGIA)
