Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

SAUDI ARABIA

Saudi Government Sets Up Investment Fund For GOSI

The Saudi Council of Ministers on 23 March approved the licensing of a new shareholding investment firm which will be wholly-owned by the state-run pension fund, the General Organization for Social Insurance (GOSI). Hassana Investment Company will be in charge of setting up real estate, commercial and service projects and will be authorized to sell these projects when necessary....