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Saudi Arabia is on track to attract $100 billion in foreign direct investments by 2030, focusing on high-growth sectors like mining, entertainment, and technology. The Kingdom's Vision 2030 aims to diversify its economy, supported by regulatory reforms and incentives that enhance transparency and ease investment processes. With significant untapped resources and strategic infrastructure, Saudi Arabia is positioning itself as a global hub for mining and innovation, drawing international interest and investment.
Saudi Arabia is on track to attract $100 billion in foreign direct investments by 2030, focusing on high-growth sectors like mining and entertainment as part of its Vision 2030 economic diversification program. The Kingdom's updated investment law and ongoing regulatory reforms are enhancing its appeal to international investors, particularly in the mining sector, which boasts $2.5 trillion in untapped resources. With strategic initiatives and infrastructure development, Saudi Arabia aims to position itself as a global hub for mining and other emerging industries.
Saudi Arabia is pursuing a partnership with Airbus Helicopters to boost its aerospace sector, aiming for a $88 billion contribution to GDP by 2035 and the creation of over 377,000 jobs. The initiative focuses on localizing helicopter production, advancing UAVs, and expanding MRO services, supported by the Kingdom's resources and skilled workforce. The collaboration includes technology transfer and industrial training to establish Saudi Arabia as a regional aerospace hub under its Vision 2030 plan.
Saudi Arabia is harnessing artificial intelligence to transform its mining sector, aiming to boost its GDP contribution from $17 billion to $75 billion by 2035. Minister Bandar Alkhorayef highlighted the importance of innovation in mining, emphasizing the development of safer and more efficient operations through technology. The Human Capability Initiative 2025 conference in Riyadh aims to foster collaboration among government, private sector, and nonprofits to enhance workforce readiness and drive industrial transformation.
Bandar Alkhorayef
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