Saudi Forum to Attract Kuwaiti Investments

The Invest Saudi Forum launched in Kuwait on Monday, with ministers, officials and company representatives from both countries set to take part.

The forum aims to strengthen economic, trade, and investment ties between Saudi Arabia and Kuwait, Saudi Press Agency reported.

Saudi Minister of Investment Khalid Al-Falih has stressed the keenness of the leaderships of Saudi Arabia and Kuwait to enhance economic, commercial, and investment cooperation in the public and private sectors.

He called for holding joint economic projects and increasing the level of commercial exchanges in a bid to realize the aspirations and ambitions of the two countries.

Al-Falih’s remarks came during the opening of the “Invest Saudi” Forum Monday in Kuwait in the presence of Kuwait’s Minister of Commerce and Industry and Minister of State for Communications and Information Technology Affairs Mazen Saad Al-Nahedh.

Saudi Ambassador Prince Sultan Bin Saad too attended with the participation of several government entities, and representatives of mega-companies and the private sectors of both countries.

The minister noted that as part of the framework of the Saudi Vision 2030, Saudi Arabia’s economic reforms have succeeded in driving the growth of the Saudi economy and diversifying its sources.

It has also helped it become the fastest and highest growth in the world in 2022, reaching nearly SR4 trillion, advancing to the 16th largest economy in the world.

He added that the National Investment Strategy, launched by Crown Prince and Prime Minister Mohammed Bin Salman, is among the most important steps taken in the Kingdom of Saudi Arabia to support developing and attracting investments.

It has boosted the investment environment, where the strategy seeks to reach an investment volume of around SR12.4 trillion by 2030.

The forum held interactive sessions that discussed strategic projects in the Kingdom and success stories of Kuwaiti companies in the Kingdom.