Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative

Saudi Arabia signed six memoranda of understanding (MoUs) in energy, quality of life, defence industries, transportation biotechnology, and finance, according to the Saudi Press Agency (SPA).

The agreements were signed on the sidelines of the sixth edition of the Future Investment Initiative (FII), which kicked off in Riyadh on October 25,

Taking place from October 25-27 under the theme of ‘Investing in Humanity: Enabling a New Global Order’, the Future Investment Initiative has brought together more than 6,000 industry leaders, CEOs, policymakers, young leaders, and investors to discuss the role of businesses and investment in the future of technology, healthcare, food security, environment, geopolitics, cybersecurity, sports and much more.

Minister of Investment, Engineer Khalid bin Abdulaziz Al-Falih was present at the signing of these agreements. The MoUs aim “to enhance and develop capabilities and skills, address the main challenges facing the sectors, and benefit from experiences and best international practices, in addition to launching new initiatives, providing job opportunities, and opening regional offices in the kingdom in line with the objectives of the Kingdom’s Vision 2030”, reported SPA.

Investment Minister Attends Signing Ceremony of Six MoUs on Day One of FII.https://t.co/PktAwg3Lch#SPAGOV pic.twitter.com/qOsGImAkSF

— SPAENG (@Spa_Eng) October 25, 2022

The MoUs are also in line with the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow, facilitate access to investment opportunities, localise knowledge and experiences, develop regulations and policies, enhance access to services through partnerships between the public and private sectors while strengthening partnership efforts with the private sector in the social and economic transformation in the kingdom.