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Saudi Arabia Opens up Economy

Saudi Arabia's Supreme Economic Council has scaled back the sectors in which foreign investment is not permitted, reported Arab News. The SEC has given the green light to foreign investment in insurance services, wholesale and retail trade, air and train transport and communication services. The move is part of the kingdom's drive to boost the private sector, attract more investment and comply with its commitments as a member of the WTO.
via ameinfo.com end post

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