Saudi Arabia grants 3 Japanese companies licenses to operate in the kingdom - The National

Saudi Arabia grants 3 Japanese companies licenses to operate in the kingdom - The National:

"Saudi Arabia has granted licenses to three Japanese companies and signed six memorandums of understanding with other entities as the kingdoms seeks to open up its industries to foreign investors to diversify its revenue sources. The Saudi Arabian General Investment Authority (SAGIA) gave the licenses to three Japanese companies that include SMBC, a financial consultancy, SB Energy, a renewable energy consultancy and Tadano, a specialist that will provide technical services to Saudi agents in the industrial field, it said in a statement on Sunday. The six memorandums of understanding including agreements between the Saudi Stock Exchange or Tadawul and Nomura International; Alyemni Group and Japan’s Matsutan Chemical Industry; and Saudi Electricity Company, Tokyo Electric Power Company and Nissan."



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