2004 News Story

Saudi bourse and foreign investment continue to flourish

The Saudi Arabian General Investment Authority (SAGIA) reports that as of March 21, it has, since its inception four years ago, issued 2,220 licenses to foreign operators for projects worth a total of SR57.328 billion (U.S. $15.28 billion). Of these, 1,526 projects with a total capital of SR38.905 billion ($10.37 billion) are for 100-percent foreign-owned projects.
Meanwhile, at the end of the business week today, the Saudi stock market index reached a record high of 5,089.64 points.