<In the presence of the Minister of Energy, Industry and Mineral Resources, M. Khalid Al-Falih, Minister of Commerce and Investment Dr. Majid Al-Qasabi, and a number of Chinese officials, the General Investment Authority (SAGIA) granted investment licenses to four Chinese partnerships, on the sidelines of the Saudi-China Investment Forum, held at the Ritz Carlton Hotel in Jeddah, organized by the Ministry of Energy, Industry and Mineral Resources, with the participation of the Ministry of Commerce and Investment.

The companies are major companies operating in China. The companies that received the licenses are among the major companies operating in China, namely Rizil Catalysts Saudi Arabia Limited, which is engaged in the manufacture of catalysts, Trans Asia Saudi Arabia Limited, which is engaged in the manufacture of terephthalic materials, and the branch of Solo Technology Company Limited, whose activity is focused on providing technical and scientific services to the company's agents, distributors and consumers of its electronic tools and equipment products, and Jiangsu Nantong Sanjian Company Limited, whose activity focuses on building works, road works, electrical works, water works and industrial works.

This is on the sidelines of the Saudi-China Investment Forum, which is being held at the Ritz Hotel in Jeddah, organized by the Ministry of Energy, Industry and Petroleum Resources, with the participation of the Ministry of Commerce and Investment. This came on the sidelines of the activities of the Chinese delegation currently visiting the Kingdom, headed by Vice Premier Zhang Gaoli and a number of representatives of Chinese ministries.

This visit reflects the extent of the Chinese delegation's visit to the Kingdom. <This visit reflects the depth of relations between the two countries in various economic, industrial and investment sectors. The People's Republic of China ranks first among the countries licensed for investment by KDIPA this year with a share of SAR 254 million.

On this occasion, KDIPA said. <On this occasion, the Governor of SAGIA said: “SAGIA seeks to achieve economic diversification, attract more foreign investments to the Kingdom, and strengthen the partnership between the public and private sectors. The granting of investment licenses to four Chinese companies, with a capital of more than SAR 190 million, represents the amount of strenuous efforts made by SAGIA in cooperation with the relevant government agencies to develop the mechanism of obtaining licenses more easily and smoothly, with the aim of improving the investment environment and facilitating doing business in the Kingdom."

On this occasion, the Governor of SAGIA said.