Ministry of Investment (Saudi Arabia)

Ministry of Investment
وزارة الاستثمار

Khalid al-Falih, current Minister of Investment since 2020
Agency overview
FormedApril 10, 2000; 24 years ago (2000-04-10) as the General Investment Authority
Preceding agency
  • General Investment Authority (2000 – 2020)
JurisdictionGovernment of Saudi Arabia
HeadquartersRiyadh, Saudi Arabia
Agency executive
Websitemisa.gov.sa/en/

The Ministry of Investment (MISA) (Arabic: وزارة الاستثمار), (previously the Saudi Arabian General Investment Authority SAGIA Arabic: الهيئة العامة للإستثمار), is a Saudi Arabian government ministry that oversees foreign investment in the country by 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.[1] 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.[1]

  1. ^ a b "Saudi Royal Decree Forms 3 New Ministries, Merges 2 Others". Asharq AL-awsat. Retrieved 2020-02-25.