عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Crown Prince Attends South Korean President's Keynote at FII in Riyadh

Prince Mohammed bin Salman, Crown Prince and Prime Minister, and South Korea’s President Yoon Suk Yeol are seen at FII7 in Riyadh on Tuesday. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, and South Korea’s President Yoon Suk Yeol are seen at FII7 in Riyadh on Tuesday. (SPA)
TT
20
TT

Crown Prince Attends South Korean President's Keynote at FII in Riyadh

Prince Mohammed bin Salman, Crown Prince and Prime Minister, and South Korea’s President Yoon Suk Yeol are seen at FII7 in Riyadh on Tuesday. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, and South Korea’s President Yoon Suk Yeol are seen at FII7 in Riyadh on Tuesday. (SPA)

Prince Mohammed bin Salman, Crown Prince and Prime Minister, attended on Tuesday a keynote delivered by South Korea’s President Yoon Suk Yeol at the seventh Future Investment Initiative (FII) that kicked off in Riyadh earlier in the day.

The FII7 is being held under the theme "The New Compass".  

Held at the King Abdulaziz International Center for Conferences, the three-day event brings together 6,000 participants from more than 90 countries, and 500 local and international speakers from different sectors.

Yoon, who is on a four-day visit to the Kingdom, said Saudi Arabia has succeeded in transforming itself into an advanced industries hub.

“We want to expand the scope of relationship with the Kingdom of Saudi Arabia,” he said.

“I could feel the passion for Saudi projects and industrialization,” he said.  

“Vision 2030 is not just for industrialization but encompasses culture and private sector,” he stressed.

Most Viewed

 
Business

Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
TT
20
TT

Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.