Riyadh to Host World Investment Conference 2024

Saudi Arabia will host the 28th edition of the World Investment Conference from November 25 to 27, 2024, reported the Saudi Press Agency (SPA).

The Saudi Investment Promotion Authority signed an agreement with the World Association of Investment Promotion Agencies (WAIPA) to host the Conference in its capital city Riyadh.

The Conference serves as a global platform that bring together leaders from investment promotion agencies, major investors and stakeholders to discuss global investment trends and opportunities. Under the theme “Future-ready IPAs: Navigating Digital Disruption and Sustainable Growth,” it will discuss economic development issues and investment opportunities worldwide.

Moreover, the Conference will underline Saudi Arabia’s massive transformation and significant economic growth under Vision 2030. It will highlight the Kingdom’s ambitious projects that aim to achieve comprehensive economic transformation and boost its standing as a global investment hub.

This step comes in line with the Kingdom’s commitment to lead digital transformation, sustainability, and global collaboration in investment sector. Choosing Riyadh to host the Conference reflects Saudi Arabia’s status as a global investment destination, fostering a promising business environment in the Kingdom.

In addition, the Conference illustrates Saudi Arabia’s prestigious economic status. It reflects the Kingdom’s pivotal role globally and regionally, its influence in decision-making, and its strategic position.

The Saudi Minister of Investment, Khalid Al-Falih, said: “We are honored to be welcoming the global investment community to Saudi Arabia. Our strategic location at the crossroads of three continents, coupled with our world-class investment ecosystem and long-term political and economic stability, has seen the Kingdom develop into a global investment hub.”

“The World Investment Conference will serve as a platform to showcase our nation’s potential and forge partnerships that will shape the global investment landscape for years to come,” he added in a statement.

Commending the announcement, WAIPA Executive Director and CEO, Ismail Ersahin, said: “WAIPA is honored that the 28th WAIPA World Investment Conference will be held in Riyadh, a city with a rich history and culture.”

The Conference, organized by WAIPA since 1995, serves as a forum for investment promotion agencies to discuss economic issues that could affect global investment flows. It also provides unique opportunities for stakeholders to explore the best practices and forge collaborations that drive economic growth worldwide.

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