30/5/2005
Riyadh – US firms have invested up to eight billion dollars through 197 joint ventures in Saudi Arabia between 2000 and 2004, according to a report released by the Saudi Arabian General Investment Authority (SAGIA).
"The volume of US direct investments in the kingdom reached around 30bn riyals ($8bn) by the end of 2004," according to the survey conducted by SAGIA.
The report also stated that the figure represented the share of US firms in 197 projects licensed under the foreign investment law passed in April 2000.
Asharq Al-Awsat
Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.
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