Saudi Gazette report

RIYADH — Saudi Arabia will host the 28th Annual World Investment Conference (WIC) from November 25 to 27, 2024, under the patronage of Crown Prince Mohammed bin Salman.

Organized by the Invest in Saudi platform in partnership with the World Association of Investment Promotion Agencies (WAIPA), the conference will spotlight digital transformation, sustainable growth, and expanding investment opportunities.

Minister of Investment Eng. Khalid Al-Falih emphasized Saudi Arabia’s rise as a premier investment destination under the Vision 2030 framework, citing unprecedented growth in the volume and diversity of investments.

“Hosting the WIC in Riyadh provides Saudi Arabia an opportunity to showcase its strategic vision to global partners and highlight its position as a reliable partner for investment and sustainable economic growth,” Al-Falih said.

He noted that Vision 2030 has led to groundbreaking reforms, including issuing over 28,900 foreign investment licenses and allowing 100% foreign ownership in specific sectors. The simplification of commercial registration processes and visa issuance has created a welcoming climate for investors in areas such as renewable energy, logistics services, and artificial intelligence.

The WIC will feature high-level ministerial dialogues, sessions on technology, sustainability, and economic cooperation, as well as expert-led workshops for investment professionals.

The conference will include an entrepreneurship track to highlight the transformative role of startups and innovators, with exclusive networking sessions designed to foster strategic partnerships between investors, SMEs, and other stakeholders.

The conference will cover critical topics such as the impact of artificial intelligence, resilience in global supply chains, energy transitions, and the role of startups in reshaping economies. It aims to promote ambitious investment models and drive global collaboration.