DAVOS — The Saudi Arabian General Investment Authority (SAGIA) announced its partnership with the United Nations Conference on Trade and Development (UNCTAD) to host the Global FDI Summit in Riyadh in October, as Saudi Arabia will be hosting the G20 Summit.
SAGIA announced this partnership during the Invest Saudi Gala Dinner at the 2020 World Economic Forum here, at which more than 100 leading policymakers and business and financial sector leaders were in attendance.
Aimed at identifying and facilitating long-term solutions to challenges affecting FDI and global economic growth, the Global FDI Summit 2020 will include a series of open and candid discussions between leading decision-makers representing corporate entities, government agencies and civil society organizations.
The Summit will take place alongside a broader program of G20 meetings taking place in the Kingdom under Saudi Arabia’s G20 Presidency.
Commenting on the launch of the Summit, Eng. Ibrahim Al Omar, governor of SAGIA, said: “FDI has the potential to transform economies by fostering competition and sharing expertise — but the full potential is not currently being realized”.
Image: Eng. Ibrahim Al Omar, governor of SAGIA, speaking at the Invest Saudi Gala Dinner at the 2020 World Economic Forum.