Saudi Arabia clinches 13th Rank for providing Global Competitive Investment Environment

Riyadh, September 09, SPA -- The Kingdom of Saudi Arabia has advanced
to the 13th rank among 183 countries as the provider of the best
investment environment and it has topped Arab and Middle East
countries, according to a report of "Doing Business 2010" issued on
Tuesday evening by The International Finance Corporation (IFC), an
affiliate of the World Bank.

Since the Kingdom's announcement of its Program 10×10 for Investment
before four years, the Kingdom's rank advanced from 16th in 2008,
38th in 2007 and 67th among the 135 countries in 2005, according to
the reports which assess business environment and its investment
competitiveness.

The Governor of The Saudi Arabian General Investment Authority
(SAGIA) and Chairman of the Authority's Board of Directors Amr bin
Abdullah Al-Dabbagh has expressed in his own name and on behalf of
investors in the Kingdom of Saudi Arabia their thanks to and
appreciation of the Custodian of the Two Holy Mosques King Abdullah
bin Abdulaziz Al Saud, who is the sponsor of reforms and supporter of
the Authority's Program 10×10 for Investment, for the government's
support and facilities to investors in the Kingdom of Saudi Arabia.

--SPA
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