At the 28th World Investment Conference, Saudi Arabia announced nine major investment agreements totaling over SAR35 billion. These agreements underscore the nation’s dedication to digital transformation and sustainable growth.
The conference, themed “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” is organized by Invest Saudi alongside the World Association of Investment Promotion Agencies. These deals align with Saudi Arabia’s National Initiative for Global Supply Chains, aiming to enhance the economy and attract more investments.
The agreements focus on improving sustainability, ensuring access to vital materials, and enhancing local manufacturing capabilities. This initiative positions Saudi Arabia as a key player in global supply chains.
- Copper smelting and refining facilities with Vedanta.
- Advanced titanium projects with AMEC and Tasnee.
- Rare earth substance processing with Hastings.
Further collaborations involve firms like Red Sea Aluminum, GlassPoint, and Zijin Group Co., emphasizing renewable energy, critical minerals, and advanced manufacturing. These efforts highlight Saudi Arabia’s emergence as a leading global investment hub, especially in industries driving sustainable development and advanced technologies.
