Saudi Arabia urges small foreign investors to improve performance

June 1, 2014 12:22 am

Abdullathif Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), has urged small-scale foreign investors to either improve their performance or leave the kingdom, Arab News has reported. “We have given an ultimatum to these small investors who have failed to add value to the national economy,” Al-Othman said, adding that the deadline ends within a week. “New investment licenses will be given only to those who fulfil these conditions,” he said.