HAIL: MD AL-SULAMI | ARAB NEWS STAFF
Published — Tuesday 25 February 2014
Last update 25 February 2014 2:47 am
Executive President of the Royal Commission for Yanbu (RCY) Ala bin Abdullah Naseef discussed with senior executives of large Japanese companies on the simple methods of investing in industrial cities in the Kingdom.
Naseef, who is participating in the ongoing “Invest in Saudi Arabia” expo in the Japanese capital, also introduced to them the attractive investment environment in the Yanbu city.
Tokyo is the first leg of the globe-trotting “Invest in Saudi Arabia” expo, which was launched in Riyadh a month ago.
The event is organized with a new vision for encouragement and growth of investment in the Kingdom. The expo also makes special effort to supply the real picture of the widening investment opportunities in the Kingdom in addition to its unprecedented economic and developmental push.
The expo, which is expected to serve as a major tool to attract foreign investments to the Kingdom with the support of public and private sectors, will visit a number of capitals in the world giving a clear picture of the comprehensiveness, transparency and progress achieved in the Kingdom with an investment friendly environment with simplified formalities for licensing and registration supported by governmental incentives.