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JEDDAH, 31 March 2005 — European businessmen are to be granted visit visas to enter the Kingdom with no strings attached.

The Saudi Foreign Ministry and Saudi Arabian General Investment Authority (SAGIA) have reached an agreement to grant visit visas to Europeans as long as they prove that they are from the business or financial sector, revealed Amr Al-Dabbagh, governor of SAGIA, yesterday during a meeting with Saudi and foreign investors held at the Jeddah Chamber of Commerce and Industry.

He pointed out that Saudi embassies have withdrawn the requirement of an invitation from a Saudi company for a European to visit the Kingdom as it was in the past.

Al-Dabbagh said that the project of “reconstruction of SAGIA system” has been implemented in Riyadh and Jeddah will follow suit very soon. The project aims to cut down on paper work needed to issue a license, in addition to protecting investors from double taxation.

Al-Dabbagh also presented a very optimistic vision for foreign investors.

He also said that SAGIA was providing the answers to the three main questions asked by foreign investors upon arrival in the Kingdom. They are: 1-Protecting the investment, 2-Business entry opportunities open for the Kingdom to sell in neighboring countries 3- Agreements to avoid double taxation.

Al-Dabbagh said SAGIA would not be sending early warning messages against perceived dangers of globalization. He said globalization carries a lot of positive gains despite the challenges that come it.

A large number of Saudi and foreign investors of both genders attended the meeting.
 

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Anas Anani said:
JEDDAH, 31 March 2005 — European businessmen are to be granted visit visas to enter the Kingdom with no strings attached.
ka7alha

The Saudi Foreign Ministry and Saudi Arabian General Investment Authority (SAGIA) have reached an agreement to grant visit visas to Europeans as long as they prove that they are from the business or financial sector, ...
3amaha
 
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