Minister Muhammad Al-Hawij of Economy and Trade has approved 16 investment projects for the private sector to operate in different regions, the Economy Ministry said in a Facebook statement Sunday.
The Privatization and Investment Board (PIB), supervised by the Ministry of Economy, hosted the signing ceremony in the presence of its Chairman and directors of relevant departments.
Al-Hawij addressed the crucial role of the privet sector in promoting local and foreign investment in a way that contributes to the success of the government's development strategy in driving national economic growth.
The relevant decision targets projects in the food processing and packaging industry, construction materials, tourism investments, marble, cardboard and paper, and auto glass.
The Ministry of Economy and Trade noted that the investment projects will be implemented under the PIB supervision.
