The 28th World Investment Conference (WIC28) sought international collaboration, innovation, and sustainability in shaping the future of global investment when it took place recently in Riyadh from November 25-27.

Hosted by Invest Saudi and the World Association of International Promotion Agencies (WAIPA), the event brought together thought leaders and industry experts to discuss key investment opportunities and challenges.

Khalid A Al-Falih, Saudi Minister of Investment, highlighted the success of the conference and expressed gratitude for the leadership of His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

“This event was held under the patronage of His Royal Highness, and we extend our deepest thanks for his visionary leadership,” Al-Falih said.

The conference featured intensive discussions on how digital transformation and sustainable growth can drive future investments.

“WIC28 has reaffirmed our collective commitment to shaping a future defined by collaboration, innovation, and resilience,” Al-Falih noted, emphasising the role of strategic partnerships in overcoming global challenges.

Saudi Arabia’s Vision 2030 was underscored throughout the event as the nation’s roadmap for economic diversification and growth.

Al-Falih said: “Guided by Vision 2030, Saudi Arabia has emerged as a global economic leader. We are driving meaningful economic impact through strategic alliances, localised value chains, and cutting-edge technologies.”

The event focused on the themes of digital transformation, sustainability, and localised value chains. Key discussions also highlighted Saudi Arabia’s role in driving innovation and fostering global partnerships.

As part of these efforts, WIC28 explored how emerging technologies and sustainable practices can create new investment opportunities across sectors.

Bandar Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources, took part in the panel on ‘Strategic Alliances: Leveraging Partnerships for Investment Success’ and emphasised Saudi Arabia’s commitment to building strong international collaborations.

“The question is not whether to collaborate, but how, and where to find attractive concepts for collaboration,” Alkhorayef said.

He also highlighted the kingdom’s advanced infrastructure, particularly in manufacturing, supply chain, and logistics.

“We’ve approved three economic zones that offer benefits for investors targeting both local and global markets,” he said.

Other key sessions at the event included discussions on operational excellence in Investment Promotion Agencies (IPAs), the importance of transparent collaboration, and regulatory cohesion in the global investment landscape.

The ‘Ready, Set, Go’ session showcased Saudi Arabia’s competitive advantages in attracting investments, particularly in advanced manufacturing and renewable energy. - TradeArabia News Service