Riyadh-WAS

<As part of its efforts to attract and develop quality investments in promising sectors by providing opportunities for communication and meeting between local companies and their counterparts from distinguished foreign companies, the Riyadh General Investment Authority (SAGIA) in cooperation with the Korea Investment Promotion Organization (KETI), with the participation of King Abdullah University for Science and Technology, King Abdulaziz City for Science and Technology and Communications and Information Technology Commission (CITC). The forum - which was held recently - addressed the role of the General Authority for Investment in attracting foreign investments with added value that contribute to the localization of technology, job creation and the establishment of a knowledge-based society and the importance of the Saudi market as a promising market for investors in the technology sector, which is expected to reach about 13 billion dollars by the end of 2014. The forum included visual presentations to the participating entities explaining the available investment opportunities and the increasing interest in the field of information technology, and the reflection of this in the progress of the Kingdom's ranking in electronic services by occupying 41st place in 2012 in the world compared to its 58th place.