JEDDAH: The Saudi Arabia–Canada Investment Forum opened in Jeddah on Thursday, bringing together senior government officials, investors, and business leaders from both countries to strengthen investment partnerships and explore new opportunities across key economic sectors.
The forum featured a high-level roundtable discussion attended by representatives from the public and private sectors, the Saudi Press Agency (SPA) reported.
Participants reviewed Saudi Arabia’s investment incentives, explored opportunities for deeper economic cooperation, and discussed ways to expand partnerships in priority industries.
A key highlight of the event was the signing of 15 memoranda of understanding (MoUs) and cooperation agreements between government entities, companies, and institutions from Saudi Arabia and Canada. The agreements are aimed at enhancing bilateral economic ties and promoting joint investment initiatives.
Discussions during the forum focused on investment opportunities in financial services, mining, advanced industries, artificial intelligence (AI), and data centres, while also highlighting the Kingdom’s business-friendly environment and incentives under Saudi Vision 2030.
The forum highlighted the Kingdom’s rapid industrial growth and competitive advantages, including advanced infrastructure and a strategic location linking the markets of the Middle East, Asia, Europe, and Africa. These advantages open new horizons for investment partnerships with the Canadian side.
The forum also highlighted opportunities in the mining sector. The Kingdom’s mineral resources are estimated at approximately $2.5 trillion and include more than 50 minerals. Participants also discussed the rapid growth in exploration activities and downstream value chains, which align with Canada’s advanced expertise in the sector.
The forum is being held as part of ongoing efforts to enhance economic relations between Saudi Arabia and Canada. It seeks to create new opportunities for cooperation and investment, supporting sustainable economic growth and further strengthening the strategic partnership between the two countries.
