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One-stop investment center opens at JCCI
 Jeddah, 3rd Jul 2001

  Makkah 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.

Representative 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 an application.

“The center will also provide investors with all necessary information such as those regarding project sites, market situation and investment regulations,” he added.

Also yesterday, Prince Abdul Majeed chaired a meeting of the General Council for National Training and Employment in the Makkah region.

The meeting 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.

The project since its inception has helped thousands of Saudi young men and women to find jobs in the government and private sectors.

Source: SPA©

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03 July 2001 06:35:05 PM

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