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   Top Saudi Arabia Business News     

GIA ISSUES 14 LICENSES FOR INDUSTRIAL PROJECTS
RIYADH, DEC.13,2000

THE GENERAL INVESTMENT AUTHORITY (GIA) HAS RECENTLY ISSUED 14 LICENSES FOR NEW INDUSTRIAL PROJECTS WITH A TOTAL INVESTMENT OF SR 90 MILLION.

THE NEW LICENSES INCLUDE FACTORIES FOR MANUFACTURING AUTOMOBILE AC UNITS, COMPUTER SOFTWARE IN ADDITION TO WATER WELL DRILLING PROJECTS.

SINCE ITS ESTABLISHMENT, THE GIA HAS ISSUED 58 INVESTMENT LICENSES WITH A TOTAL CAPITAL OF SR 4,100 MILLION AND 23 LICENSES FOR EXPANSION OF EXISTING PROJECTS WITH A TOTAL CAPITAL OF SR 581,590,000AS WELL AS 56 LICENSE AMENDMENTS.

Source: SPA
©Saudia-Online
Date :12/13/00 12:36:48 PM

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