Saudia Investment Initiative Amasses $120 Billion over 7 Years
Saudi Arabia is fervently driving its economic diversification through various investment initiatives. One of such is the Saudi Investment Initiative led by CEO Richard Attias. Over a span of 7 years, this initiative has amassed investments nearing $120 billion, marking a significant stride towards achieving the nation’s long-term economic objectives.
Strategic Investments
The investments, as elucidated by CEO Richard Attias, encompass agreements, contracts, and deals made during the course of the initiative. This financial influx symbolizes a robust commitment towards fostering a fertile ground for both local and international investments, thereby setting a foundation for economic stability and growth.
Investment Breakdown
The near $120 billion investment over 7 years represents a confluence of strategic partnerships and agreements, fostering a conducive environment for business and economic growth. The funding has been directed towards various sectors, aligning with Saudi Arabia’s Vision 2030 of reducing dependency on oil revenue.
Saudi Investment Initiative CEO’s Insight
Richard Attias expressed that the total value of investments made through agreements, contracts, and transactions during the initiative’s duration reached close to $120 billion USD.
The Saudi initiative, under the leadership of Richard Attias, has played a pivotal role in channeling substantial investments into the Kingdom. This not only underscores Saudi Arabia’s attractive investment climate but also propels the nation closer to its Vision 2030 goals of economic diversification and self-sustainability.
Notably, the seventh edition of the Future Investment Initiative (FII) will commence on October 24, 2023, in Riyadh, marking yet another significant stride in addressing global challenges.
Event Schedule:
Spanning from October 24 to 26, the initiative will delve into the global challenges faced across various sectors. FII has outlined a detailed agenda for the event, with the opening ceremony expecting the attendance of notable personalities.
The event will witness the participation of world leaders, major industrial companies, investors, policymakers, and innovators, making it a global platform for discussing pressing issues in climate, economy, and technology.
