The Saudi Arabian General Investment Authority (Sagia) will promote investments for Tetra Pak following an agreement the two signed in Jeddah.

Sagia governor Amr Al-Dabbagh and Tetra Pak Saudi Arabia managing director inked the deal which is aimed at helping the company enhance its business activities in the kingdom.
   The agreement is part of Sagia’s efforts to attract more foreign investors and to bring the kingdom in line with the regulations of the WTO to which Saudi Arabia recently acceded.
 A delegation from Sagia, led by Al-Dabbagh, visited the Tetra Pak premises in Jeddah, and took a tour of the world-class packaging factory.  Zahid made a presentation to the officials outlining the history of the company and its 50-year presence in the kingdom detailing both its considerable successes and future expansion plans.
  “Tetra Pak would like to thank Sagia for its cooperation, which helps international companies operate smoothly in the kingdom,” Zahid said. “This positive attitude from government organisations will surely enhance and boost foreign investments in Saudi Arabia leveraging the kingdom’s competitive advantages.”
 Al-Dabbagh thanked Tetra Pak for giving Sagia the opportunity to help and support its business in Saudi Arabia.
 “Sagia’s strategy focuses on helping the private sector and improving and accelerating the services it provides for Saudi and foreign investors as well as coordinating with relevant government administrations to establish an investment environment that attracts capital and investors,” he remarked.  He said co-operation between Sagia and the private sector was mutually beneficial and entailed working together as a team to remove obstacles standing in the way of investment and instilling the spirit of positive cooperation between the two.
At the end of the visit, both parties signed the agreement that will set the stage for future expansion and encourage other companies to invest in the kingdom.