SAGIA, US Chamber ink agreement to boost investments

22/05/2017 Argaam

Saudi Arabian General Investment Authority (SAGIA) and the US Chamber of Commerce (UCC) signed on Sunday a cooperation agreement to strengthen partnership and boost investments between both countries, Saudi Press Agency (SPA) reported.

 

Under the new agreement, the two countries will aim to enhance investment opportunities and mutual trade in technical, scientific and health sectors.

 

The deal was signed by SAGIA governor, Ibrahim Al-Omar, and Kush Choksi, Vice President for Turkey and the Middle East at UCC during the visit of American President, Donald Trump to the Kingdom.

 

SAGIA granted investment licenses with full ownership to more than 23 US companies operating in different sectors, such as retail, investment services, industrials, logistics, building and construction, and network services. 

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