The Saudi Arabian General Investment Authority (SAGIA) is responsible for managing the investment environment in the Kingdom of Saudi Arabia.
SAGIA's role is to:
- Act as a gateway to investment in Saudi Arabia
- Provide tailored, efficient and effective business support for investors, including assistance with arrivals, visas, freight forwarding and customs clearance
- Work closely with government partners such as the Industrial Clusters program
- Liaise with other government agencies and stakeholders, and with suppliers such as law firms, banks and analysts
- Monitor and benchmark Saudi Arabia attractiveness to investors through its National Competitiveness Center
In addition to its headquarters in Riyadh, SAGIA operates offices in Medina, Abha, Tabuk, Najran, Jeddah, Dammam, Hail and Jazan.
Taking over from SAGIA, Economic Cities Act is leading the development of four new, largely privately funded economic cities. These aim to: generate $150 billion of economic output a year; promote balanced regional development; help diversify the economy; create over a million new jobs; and accommodate 4.5 million people.
King Abdullah Economic City is an $45.3 billion, 168 sq km city by the Red Sea, 40 km from Rabigh. It will provide around 1 million jobs and will be home to 2 million people by 2025.
Prince Abdulaziz Bin Mousaed Economic City at Hail will cost $8 billion, cover 156 sq km, provide 55,000 jobs and accommodate 300,000 people.
Medina's Knowledge Economic City will be a $7 billion, 4.8 sq km centre for knowledge and culture. It will provide 20,000 jobs and have a population of 150,000.
Extending over 108 sq km and costing $27 billion, Jazan Economic City will provide around 100,000 jobs and will be home to 300,000 people.