Governor Prince Abdul Majeed formally inaugurated a one-stop service
center of the General Investment Authority at the Jeddah Chamber of
Commerce and Industry yesterday. Prince Abdul Majeed, who toured the
center after cutting the ribbon, was briefed on the center’s
activities and objectives.
The center has
already issued licenses for six investment projects worth a total of
SR202.45 million, it was announced at the opening ceremony. The
General Investment Authority opened its first one-stop service center
for investors at its headquarters in Riyadh last year. The centers aim
at removing bureaucratic bottlenecks for issuing investment licenses.
“The main goal of the center is to ease up investment procedures and
remove obstacles facing investors,” said a center official.
offices of various ministries and government agencies will be housed
at the center. This will help investors save time and complete their
investment procedures without delay.
The official said
an investment license would now be issued within 30 days of receiving
“The center will
also provide investors with all necessary information such as those
regarding project sites, market situation and investment
regulations,” he added.
Prince Abdul Majeed chaired a meeting of the General Council for
National Training and Employment in the Makkah region.
discussed viability of setting up a private technical institute for
women. Noting the achievements of the council with satisfaction, the
governor urged officials and businessmen to intensify efforts to find
job opportunities for Saudi youths.
project since its inception has helped thousands of Saudi young men
and women to find jobs in the government and private sectors.