U.S. investments in KSA exceed SAR 56.7bn in 2017 – SAGIA

Riyadh – Mubasher: The U.S. establishments in Saudi Arabia rose to 462 with up to SAR 56.7 billion capital, said the Saudi Arabian General Investment Authority (SAGIA).

Most of the U.S. investments are focused in the industrial sector at a value of SAR 44.2 billion, making up 78% of their total investments in the Kingdom, the Saudi Press Agency (SPA) reported, citing SAGIA as saying.

Saudi Yanbu Petrochemical Company (YANPET) with total finance of SAR 19.3 billion and SAR 9.4 billion joint venture of Saudi Aramco and Mobil Yanbu Refining Company's (SAMREF) are the largest firms that largest firms in which the U.S. investors are sharing in. 

YANPET and SAMREF are working in the manufacturing industries sector, especially in petrochemical industries.

In 2017, 14 licenses were issued with a total finance of SAR 381.7 million.

The most important issued licenses were issued for Rowan and Saudi Aramco JVs with SAR 187.5 million, and for Saudi Tadawi Healthcare Company (TADAWI) at a total value of SAR 97.5 million.

Saudi Arabia and the U.S. established Early Intervention Center (EIC), which is a centre for people with special needs.

Mubasher Contribution Time: 07-Dec-2017 11:09 (GMT)
Mubasher Last Update Time: 07-Dec-2017 11:20 (GMT)

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