JEDDAH: The Saudi Arabia-Canada Investment Forum opened in Jeddah on July 9, bringing together a high-level Canadian delegation representing the public and private sectors alongside Saudi officials, business leaders and investors to strengthen investment ties and explore opportunities across a range of high-potential sectors.
The forum featured a roundtable bringing together government officials, investors, and business executives from both countries to discuss investment partnership opportunities, review the incentives and enablers offered by Saudi Arabia, and explore cooperation in priority sectors.
The event also witnessed the signing of 15 memorandums of understanding and cooperation agreements between government entities, companies and institutions from Saudi Arabia and Canada, aimed at strengthening economic relations and expanding areas of bilateral investment and collaboration.
During the forum's sessions, participants explored investment opportunities in financial services, mining, advanced manufacturing, artificial intelligence, and data centers, while highlighting the incentives and business enablers the Kingdom offers investors as part of its Vision 2030 strategy.
The forum also showcased Saudi Arabia's rapid industrial growth and the competitive advantages it offers, including advanced infrastructure and a strategic location linking the markets of the Middle East, Asia, and Europe, as well as Africa, creating new opportunities for investment partnerships with Canadian companies.
The Kingdom's mining sector was another key focus, with participants highlighting the Kingdom's estimated $2.5 trillion in mineral resources, comprising more than 50 minerals.
The forum also highlighted promising opportunities in the mining sector, where Saudi Arabia's mineral resources are estimated at $2.5 trillion, encompassing more than 50 minerals, alongside rapid growth in exploration activities and downstream value chains, aligning with Canada's advanced expertise in the sector.
The event was held as part of broader efforts to deepen economic relations between Saudi Arabia and Canada, open new avenues for investment and cooperation, support sustainable economic growth, and strengthen the partnership between the two countries.
