Government and business officials from Saudi Arabia and the European Union will unite for the first time to explore opportunities to increase mutually beneficial investment at a forum in Riyadh.
The Saudi - EU Investment Forum will take place on October 23 under the leadership of Khalid Al-Falih, Minister of Investment of Saudi Arabia, and Executive Vice President of the European Commission and European Commissioner for Trade Valdis Dombrovskis.
The Investment Forum is set to host nearly 1,000 attendees with high-level private sector attendees also joining from both sides.
Attendees will learn about investment opportunities across mutual sectors of importance to both Saudi Arabia and the EU. The forum will begin with keynotes from senior Saudi and EU speakers and will be followed by fireside chats and ministerial sessions in the Clean Energy Transition followed by a focus on Transport and Infrastructure project opportunities.
High-level panel sessions on key sectors of mutual interest will follow with sessions exploring Mining, Advanced Manufacturing, Petrochemicals, Tourism, Culture, Sports, ICT and SMEs and entrepreneurship. The forum will conclude with a ministerial session. There will also be networking opportunities and presentations to explore further avenues for collaboration.
The Saudi-EU partnership has gained momentum in recent years. FDI stocks from the EU27 into Saudi Arabia reached €13.4 billion in 2021, while two-way trade totalled more than €73 billion in 2022 making the European Union the second largest trading partner of the kingdom. - TradeArabia News Service