|
Riyadh: Crown Prince Abdullah announces reforms to encourage foreign investment
Saudi Arabia, Economics, 10/22/1999
Saudi Crown Prince Abdullah Bin Abdul Aziz has announced reforms to Saudi economic regulations with the objective of encouraging foreign investments. This was expressed in statements quoted on Wednesday by the Saudi news agency.
The Saudi crown prince, who was talking on Tuesday in al-Madina al-Munawarra during the inauguration of water and electricity projects, stressed that the "privatization policy is considered a strategic choice to establish a solid economy based on strengthening the role played by the private sector and its initiatives in meeting the needs of society."
The Saudi crown prince figured out that economic reforms will give foreign investors the right to "own real estate in meeting the requirement of the local market."
Previous Stories:
Saudi Korean economic relations highlighted
(10/9/1999)
Saudi proposals to cooperate with Romania
(10/9/1999)
Saudi delegation in Tehran
(10/6/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
