The Ministry of Investment signed 11 investment agreements with international companies

Aya Hussein

The Ministry of Investment signed two agreements with the Royal Commission for Al-Ula Governorate And the American technology company #IBM on the last day of the Sixth Future Investment Initiative conference, where the two agreements aim to build and develop an artificial intelligence system in the city of AlUla.

The Ministry also signed an agreement with the Brazilian technology company #Ocellott, aiming to cooperate to develop an innovative battery payment system for future projects for electric cars, thus bringing the total investment agreements signed with leading international companies 11 An agreement in the sectors of space, biotechnology, education and other sectors, which indicates the growing confidence in the Kingdom as a global investment destination.

The Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, participated in a number of sessions of the Future Investment Initiative conference, during which he discussed a number of global economic and investment issues. With the attendance and participation of government leaders, CEOs and other experts from around the world.

During the conference sessions, The National Initiative for Global Supply Chains was highlighted, which is one of the main pillars of the National Investment Strategy, which aims to attract investments in supply chains in strategic sectors in which the Kingdom has a competitive advantage that will lead the Kingdom to advance to advanced ranks among global markets to become one of the largest 15 a global economy by 2030 AD, and it will empower local and international investors From creating low-risk, low-cost and carbon supply chains to take advantage of the Kingdom’s natural resources, strong logistical infrastructure and untapped potential. The initiative, in its launch phase, aims to attract more than 10 billions of dollars in industrial and service investments in global supply chains to the Kingdom during The first two years.

During the Future Investment Initiative conference, the Ministry participated in the During a discussion session under The title “Can medical and technical developments contribute to curing diseases around the world?”

The Ministry of Investing in a dialogue session entitled “Overcoming the Crises Facing Global Supply Chains”, Executive Director of the National Initiative for Global Supply Chains, Asaad Al-Jumoi, and the dialogue session dealt with answering many questions related to supply chains, including how crises affecting supply chains will disrupt the growth of the global economy ? And what are the best solutions offered?

In conclusion, during participation in the Roshan session, which included topics related to economic sustainability And supply chains and ambitious projects. The Director General of the Real Estate Sector at the Ministry of Investment, Fahd Al-Hashem, discussed restricted supply chains and how companies and governments would respond to them.