SAGIA’s reforms aim to facilitate investors access to Saudi market: official

The Saudi Arabian General Investment Authority (SAGIA) is implementing reforms to facilitate investors' access to the Saudi market, said deputy governor, Ibrahim Al Suwail.

Speaking at the Retail Leaders Circle Summit MENA held in Riyadh on Monday, Al Suwail added that these reforms will pave the way for creating job opportunities in key sectors including the retail segment.

In turn, Ahmed Al-Hakbani, governor of the General Customs Authority, said the retail sector is promising and offers significant opportunities for retailers to invest in the Kingdom, as it is providing an exceptional customer service experience, especially within the e-commerce segment.

He also stressed that the Kingdom aims to ensure that e-commerce platforms are applying traditional retail segment’s standards.

Al-Hakbani noted that Saudi Arabia jumped 72 ranks in one year in cross-border trade index, in the Doing Business 2020 report issued by the World Bank.