The Director General of the Comprehensive Service Center at the Jeddah General Investment Authority, Abdul-Hameed Al-Awadhy, said that his office licensed 58 new projects in Jeddah since its establishment. Of this total, 31 were industrial projects and 27 were service permits, reported Al-Watan.
The total investment injected into these projects reached 793 million Saudi Riyals ($211 million) of which 43 percent are Saudi funds and 27 percent originated from other Arab states. The rest of the funding came from other international locations, outside the Middle East region. Palestinians hold the largest number of investments in the Kingdom followed by Syria and Jordan. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
