RIYADH, Nov. 25 (Xinhua) -- The 28th annual World Investment Conference kicked off on Monday in Riyadh, gathering more than 2,000 attendees from 130 countries to explore key strategies for overcoming global investment challenges, according to the organizers.
Running from Nov. 25 to 27, the conference, organized by Invest Saudi in partnership with the World Association of Investment Promotion Agencies, was held under the theme "Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities."
In his opening remarks, Saudi Minister of Investment Khalid Al-Falih highlighted the challenges and opportunities in addressing global investment amid the ongoing economic transformations, including the rise of green and blue economies, the impact of new technologies, the reconfiguration of global supply chains, and demographic shifts.
Showcasing Saudi Arabia's development, the minister said, "Our GDP has grown by 70 percent since the launch of Vision 2030 to 1.1 trillion U.S. dollars, with half of this attributed to non-oil economic activities. Foreign direct investment flows have tripled compared to pre-Vision levels, and registered international investors are 10 times what they were."
He also commended the collaborative endeavors of investment promotion agencies and international institutions in achieving the conference's objectives, urging participants to fortify international investment cooperation to achieve sustainable and comprehensive growth. ■
