Jun 21, 2018
APPLE RECEIVES INVESTMENT LICENSE WITH 100% OWNERSHIP, SOON NUMBER OF BRANCHES TO COME IN THE KINGDOM
SAGIA (Saudi Arabian General Investment Authority) granted commercial licenses to three international companies for investment in Information Technology(IT), Apple, ZTE and HPE with 100 percent ownership. Trending : King Fahad Causeway between Saudi Arabia and Bahrain records highest number of passengers in one day
According to the Economist, these three international companies are (APPLE, ZTE and HPE), with an investment volume of 650 million Saudi riyals in five years. Recommend : Saudi woman can drive through King Fahad Causeway without accompanied family man
- In this year, Payfort, a unit of online retailer Amazon was licensed to operate as wholly owned payment solutions in Saudi Arabia. The company to rise of eCommerce and growing demand for online transactions in the Arab world's biggest economy.
- The sources indicated that 20 local and global companies had been reached, such as Airbus, "Ristheon", "AALCO" and "ascetic" heavy equipment ", with the aim of settling their investments in the kingdom and establishing new investment partnerships, in addition to working with global transport and logistics companies, such as Chevron to discuss investment opportunities available in the field of fuel stations for ship supply. Read : Saudi Arabia is planning to fine you, if you leave food on your plate