Saudi Arabia Banned Foreign Investors for Gold Business

Saudi Arabia Banned Foreign Investors for Gold Business
Saudi Arabian general investment authority (Sagia) has closed the permits to foreigners who invest in the gold jewelry business. It has been decided that already issued permits will not be extended. It has been settled that the permission should not be given to foreigners to invest in the gold business and which permits have been issued so for, they should be canceled after completing legal term. According to magazine, the Sagia’s new leader has decided to implement new policies for foreign investors in the field of gold and precious stone. He has issued a directions of new policies to the sagia’s concerned authorities.

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