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  • 30-10-22

    KSA announces economic transformation in 6th Future Investment Initiative meeting

    (MENAFN) With over 6,000 of the world’s business presidents, politicians, shareholders, businessmen as well as tech specialists, the 6th edition of the Future Investment Initiative announcing Saudi Arabia’s investment power and transforming business environment settled in Riyadh on the 27th of October.

    Throughout Thursday’s meeting, delegates looked for numerous problems, such as the importance of converting investment and banking industries for a resilient economy, the strength of venture capitals, as well as the significance of financial steadiness.

    There were negations as well about worries surrounding environmental, social, in addition to governance, and the role of small and medium projects in the economy, in the two locally and internationally.

    Throughout the occasion, Saudi Arabia’s Public Investment Fund declared the start of a Local Content Growth Program targeting at increasing rivalry and innovation in the private industry.

    As said by PIF, the initiative targets to accomplish the target of 60 percent of the nation’s economy being produced via domestic content within the next 3 years.

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