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Saudi Arabia signs Nine investment agreements on the second day of the 28th edition of the World Investment Conference, held in Riyadh under the theme “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities.”
The conference is organized by Invest Saudi in partnership with the World Association of Investment Promotion Agencies.
Valuing over SAR35 billion, the agreements were signed under the framework of the National Initiative for Global Supply Chains and aim to strengthen Saudi Arabia’s economy and drive further investments.
These agreements contribute to enhancing sustainability and securing access to essential materials, while also supporting local manufacturing in the Kingdom and solidifying its comprehensive and sustainable participation in global supply chains.
The agreements include mega projects, including facilities, copper smelting and refining with Vedanta, advanced titanium projects with AMEC and Tasnee, and processing facilities for rare earth substances with Hastings. Additional agreements involve companies like Red Sea Aluminum, GlassPoint, and Zijin Group Co. These initiatives underscore Saudi Arabia’s rising prominence in sectors such as renewable energy, essential minerals, and advanced manufacturing. |
