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On the second day of the 28th World Investment Conference, nine landmark investment agreements worth over SAR35 billion were announced, highlighting Saudi Arabia’s commitment to fostering digital transformation and sustainable growth. The conference, held under the theme “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” is organized by Invest Saudi in collaboration with the World Association of Investment Promotion Agencies.
The agreements align with the Kingdom’s National Initiative for Global Supply Chains, aiming to strengthen Saudi Arabia’s economy while driving further investments. The deals are set to enhance sustainability, secure access to essential materials, and bolster local manufacturing, solidifying Saudi Arabia’s role in comprehensive and sustainable global supply chains.
Among the agreements are significant projects, including:
Copper smelting and refining facilities with Vedanta.
Advanced titanium projects with AMEC and Tasnee.
Rare earth substance processing facilities with Hastings.
Additional partnerships involve companies such as Red Sea Aluminum, GlassPoint, and Zijin Group Co., focusing on renewable energy, essential minerals, and advanced manufacturing.
These initiatives underscore Saudi Arabia’s growing prominence as a global investment hub, particularly in critical industries shaping the future of sustainable development and advanced technologies. |
