Post by : Omar Nasser
Photo : SPA
On the second day of the 28th World Investment Conference in Riyadh, nine new investment deals were announced. The event is about “Using Digital Changes and Growing Investments in a Smart and Lasting Way.” It is organized by Invest Saudi and the World Association of Investment Promotion Agencies.
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These deals are worth more than SAR 35 billion and are part of Saudi Arabia’s plan to improve its supply chains with the world. The goal is to grow the economy and bring in more investments. The deals will help secure important materials, support local businesses, and make Saudi Arabia a bigger part of global supply chains.
The deals include big projects like copper production with Vedanta, titanium work with AMEC and Tasnee, and rare earth processing with Hastings. Other companies involved are Red Sea Aluminum, GlassPoint, and Zijin Group Co. These projects show that Saudi Arabia is becoming more important in areas like clean energy, important minerals, and making products.
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