The agreement aims to stimulate and develop the investment environment to attract, empower and encourage local and international investment in the region JEDDAH: Madinah Gov. Prince Faisal bin Salman and Ibrahim bin Abdulrahman Al-Omar, governor of the Saudi Arabian General Investment Authority (SAGIA), signed a memorandum of understanding (MoU) between the governorate’s Center for Economic Development and SAGIA. The agreement aims to stimulate and develop the investment environment to attract, empower and encourage local and international investment in the region. The MoU includes establishing an economic database accessible to investors, and marketing investment opportunities locally and internationally via the “Invest in Saudi Arabia” program, said the center’s CEO Mohammed Al-Youssef.