The Saudi Arabian General Investment Authority (SAGIA) and the United Nations Conference on Trade and Development (UNCTAD) joined hands to organize the Global FDI Summit in Riyadh next October.
The Global FDI Summit 2020 will include a series of open discussions between leading decision-makers representing various economies, Ibrahim Al Omar, Governor of SAGIA, said in a statement.
“We are delighted to be partnering with UNCTAD on such an important event — I know that their expertise and research will be a vital part of its success,” Al Omar added.
Elsewhere, James Zhan, senior director of investment and enterprise division at UNCTAD, noted that Saudi Arabia has seen FDI increase for 2 consecutive years.
"The achievement is remarkable against the backdrop of global FDI decline to its lowest level of the past decade,” Zhan added.
The partnership was announced during the Invest Saudi Gala Dinner at the 2020 World Economic Forum in Davos, which saw the attendance of more than 100 leading policymakers and business and financial sector leaders.
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