Ministry of Investment (Saudi Arabia) (original) (raw)

The Ministry of Investment (MISA) (Arabic: وزارة الاستثمار), till 2020 as the Saudi Arabian General Investment Authority (SAGIA) (Arabic: الهيئة العامة للإستثمار), is a government ministry in Saudi Arabia that oversees foreign investment in the country besides issuing licenses to foreign investors. It was established as the General Investment Authority in 2000 during the reign of King Fahd and was transformed into a ministry in 2020 through a royal decree issued by King Salman. Khalid al-Falih, the former chairman of Saudi Aramco was appointed as the new minister by replacing governor Ibrahim al-Omar following the ministry's renaming.