The Saudi Arabian General Investment Authority (SAGIA) has granted licenses for 87 projects in the third quarter of this year with total investments of SAR 1.5 billion, data issued by SAGIA showed.

 

This compares with licenses to 44 projects worth SAR 310 million a year earlier.

 

South Korea topped the list of countries injecting the biggest financial flows in Saudi Arabia, while the United Arab Emirates came first in terms of the number of investing companies in the Kingdom.

 

The industrial sector attracted the majority of investments in Q3, accounting for 47 percent of the total invested capital. 

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