Saudi Arabia will see Apple fans rejoicing as Apple receives the license to operate by the SAGIA (Saudi Arabian General Investment Authority). According to a local news report Apple has been given clearance to fully function in the region with the subsidiary name as “Apple, Saudi Arabia.” The license will allow Apple to market, maintain and develop products in the geography.
According to a filing with the SEC, Apple has renewed exclusive rights to utilize Liquidmetal Technologies metal alloys in consumer electronics items under the MTA.
The license was initially purchased in 2010 with an expiry in February 2014. The current renewal will lengthen the agreement through February of 2015.