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Saudi 'allows foreign investment in gas stations'

, January 14, 2014

Saudi government will allow foreign investors to build and operate gas and service stations, local media report quoting government sources said.

The investors in this sector will have to get licenses from the Saudi Arabian General Investment Authority (Sagia), Arab News said quoting the report.

The government has classified gas stations into four categories including those on international roads over an area of 10,000 sq m, on regional roads over 6,000 sq m, within cities over 3,000 sq m, and in certain localities over 2,000 sq m, it said.




Tags: Sagia | oil pump |

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