Least developed areas in the Kingdom of Saudi Arabia has been earmarked as venues of the planned mega cities to help energize these areas and allow them to become major drivers of investment, new jobs and elements of potential economic growth. Concerning the outlook for the Saudi economy and economic cities, Saudi Arabian General Investment Authority [SAGIA] governor Amr-Al-Dabbagh explained that in 2010 Saudi Arabia reached the 11th position on the World Bank’s Ease of Doing Business Report and that for the future into 2015, SAGIA would continue to focus on four tasks to improve the Kingdom’s economy. The four tasks are: continuing enhancement of domestic and foreign investment, working to build a pro-business ebvironment, developing ways to expand services to Saudis as well as foreign investors and investing in FDI for human resource development. He states that these expansions would be taking place in all the 13 regions of the Kingdom. [Read More]

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Source: Weekly Blitz :: Writings