H.E. the Minister of Commerce and Investment Handed over 11 Licenses to Entrepreneurs from Different parts of the World

15 Nov 2017
Targeting Quality Innovation and Talented People in the Fields of Energy, Industry and Entertainment

H.E. the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi, launched the initiative of Global Entrepreneur and Investor License, targeting the quality innovations and the talented people from different countries of the world. This comes concurrently with the World “Misk” Forum, kicks off today in Riyadh.

H.E. Dr. Al-Qasabi handed over 11 licenses to Entrepreneurs representing 10 world countries. These licenses would enable the businessmen and talented people to avail from business incubators, research centers and the services of the General Authority for Small and Medium Enterprises.

This initiative comes in cooperation between the Ministry of Commerce and Investment, the General Authority for Investment, the General Authority for Small and Medium Enterprises and the Economic Cities Authority. All that in line with the Kingdom’s Vision 2030, seeking to create an environment attracting talented people, innovators and distinguished entrepreneurs from all over the world. This would contribute to promote development and support business environment.

The activities of the companies, obtaining the business licenses, included the economic sectors, targeted by the Kingdom’s Vision, and they would create job opportunities and contribute in promoting the Saudi economy. These activities primarily focused on energy, industry and entertainment. They would include Oil and Gas Lines, Aerial Surveys, Modeling, 3D Mapping, E-Commerce Solutions, Communications and Information Technology Devices, Solar Power, Smart City Systems, Power Generation Systems, 3D Games, System and Software Analysis, and Educational Support and Assistance Services.

It is noteworthy that the Trade and Investment System is actively seeking to strengthen capacities and empower the private sector, as well as to facilitate and ease the procedures of practicing business, also to stimulate the investment environment in order to reach a leading commercial and investment rank, based on a fair and stimulating environment.

Last Modified 26 Dec 2018