SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
(Local News and Government)
Filter PR by
  
28th World Investment Conference in Riyadh Concludes with Calls for International Collaboration, Innovation, and Sustainability.
 
28th World Investment Conference in Riyadh Concludes with Calls for International Collaboration, Innovation, and Sustainability.

Riyadh, Kingdom of Saudi Arabia, 28 November 2024: International collaboration, innovation and sustainability were the key themes of the 28th World Investment Conference (WIC28), hosted by Invest Saudi and the World Association of International Promotion Agencies (WAIPA) that concluded in Riyadh this week.

Commenting on the success of the event, H.E. Khalid A. Al-Falih, Saudi Minister of Investment said, 'This event was held under the auspicious patronage of His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud to whom we extend our deepest gratitude for his visionary leadership and unwavering support.

“Over the past three days, we discussed the critical challenges facing global investment and reviewed  the boundless opportunities that investment offers. From the robust discussions on harnessing digital transformation and sustainable growth to the landmark agreements announced under Saudi Arabia’s Global Supply Chain Resilience Initiative, WIC28 has reaffirmed our collective commitment to shaping a future defined by collaboration, innovation, and resilience.

'Guided by the principles of Vision 2030, Saudi Arabia has emerged as a global economic growth leader, fostering partnerships that transcend borders and sectors. Together, we have showcased the power of strategic alliances, localized value chains, and cutting-edge technologies to drive meaningful economic impact.

“I extend my thanks to the World Association of Investment Promotion Agencies for partnering with us in hosting this event and I am confident that the insights, connections, and agreements forged here will resonate far beyond this event, inspiring transformative investments and sustainable growth across the globe.'

Across three days, WIC28, under the theme of “Harnessing Digital Transformation and Sustainable Growth”,  addressed challenges and opportunities that included digital transformation, sustainability, and localized value chains. The conference highlighted Saudi Arabia’s Vision 2030 as a transformative framework for aligning global partnerships, technological innovation, and sustainable development.

H.E. Bandar Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources, speaking on the ‘Strategic Alliances: Leveraging Partnerships for Investment Success’ panel on Day 3 underscored the Kingdom’s commitment to fostering global partnerships, stating: “It has been part of how we design most of the activities that we plan and are executing today.”

He told his panel: “The question about international collaboration is not whether to do it but how to do it, and where to find the right attractive concepts that make it interesting for different parties to collaborate and connect.”

Saudi Arabia’s incentives, he noted, include its advanced infrastructure – both digital and physical – focused on manufacturing, supply chain, and logistics, which enable investors to reduce costs significantly. “And we have approved three economic zones, offering additional benefits for those targeting not only the local market but also the global market,” he added.

Other sessions at the event included the ‘Bridging Borders’ discussion, which focused on transparent collaboration and regulatory cohesion, while ‘To Finish First, First You Have to Finish’ examined operational excellence in Investment Promotion Agencies (IPAs), emphasizing governance, efficiency, and leveraging technology to enhance investor experiences. Meanwhile, ‘Ready, Set, Go’ delved into Saudi Arabia’s efforts to attract investments in specialized industries, particularly advanced manufacturing and renewable energy, by showcasing the Kingdom’s competitive advantages.

The event was held 25-27 November in Riyadh, Saudi Arabia. It is yet to be decided where the next edition will be held.

 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 3730 times
PR Category : Local News and Government
Posted on : Thursday, November 28, 2024  4:05:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : First Abu Dhabi Business Week expects breakout launch with i...
Next Story : Advanced Technology Research Council Entities and ADAFSA Par...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Get Your Glow On with essence's Must-Have Picks for a Luminous Fall Look [40731-Views]
Nature Sauvage [39468-Views]
Tribe Of 6 Reveals AW24 Collection with ‘Renewed' Campaign Revolutionising Sustainable Fashion [35108-Views]
All the magic you could ‘wash' for with the Lush 2024 Holiday Collection [34287-Views]
Go Big. Go Bold. Go All Day: Catrice 24H Extreme False Lash Effect Mascara Takes Volume to New Heigh... [33608-Views]
WFP Alarmed at Spreading Regional Displacement Crises in Middle East [32441-Views]
This Christmas, Lush offers great-smelling gifts for everyone on your list! [32141-Views]
The Ultimate Guide to Post-Sun Care with Benefit Cosmetics Pore Care Collection [31111-Views]
Fall-ing for Benefit Cosmetics: How to Nail the Autumn Look, even if It's Still 35°C [30572-Views]
UAE Secures Silver Medal at the First Global Challenge 2024: A Historic Achievement for Nation's Rob... [28719-Views]
Etihad Rail and Emerge Sign Landmark Solar Power Deal at Global Rail 2024 [28268-Views]
Wfp welcomes us$25 million grant from ksrelief for its operations in yemen [25286-Views]
Kia Teases Its First Pickup Truck, The Kia Tasman, Ahead of World Premiere at Jeddah International M... [24328-Views]
Unbeatable Rewards Await PrivilegePLUS Members at Mercato and Town Centre Jumeirah [22357-Views]
SITA and AACO advance on collaboration to tackle aviation's toughest sustainability challenges [22006-Views]
IATA and ASA Strengthen Cooperation [20912-Views]
Emirates introduces refurbished Boeing 777s to Kuwait and Dammam [20863-Views]
IATA to Offer Digital Currencies in Financial Settlement Systems [20030-Views]
Stay Cozy, Stay Trendy with REDTAG's New Winter Collection [19660-Views]
A Magical Puppet Show that Brought Joy to Young Thalassemia Patients [18392-Views]