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Article: When e-business becomes e-scam.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- July 18, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sarah Abdullah
JEDDAH: Since its accession to the World Trade Organization (WTO) in 2005, the Kingdom has expressed its willingness to build business ties with foreign enterprises, which has allowed both the companies and the country reap substantial financial benefits. As a result, the potential for corporate growth of both Saudi business and foreign establishments has been extensively promoted domestically and internationally in the hopes of showing the world the financial gains to be had by doing business with Saudi Arabia.
According to the Saudi Arabian General Investment Authority (SAGIA) foreign direct investment witnessed 51 percent growth ...