At the World Economic Forum in Davos, Saudi ministers actively engaged in international partnerships, economic discussions, and searched for collaborative opportunities.
On January 17, Saudi Industry and Mineral Resources Minister Bandar Alkhorayef and the Kurdistan Regional Government's Prime Minister Masrour Barzani talked about boosting cooperation in industry and mining. The meeting was deemed productive, with both sides showing enthusiasm for economic diversity and new industry opportunities.
Minister Alkhorayef also met with several industry leaders, including Jai Shroff of UPL Group, Richard Hatchett of CEPI, and Neeraj Kanwar of Apollo Tyres, to explore enhancing ties and investments in Saudi Arabia, particularly fostering non-oil trade with Europe.
On January 18, Economy and Planning Minister Faisal bin Fadel Al-Ibrahim engaged with multiple high-profile business figures like Clare Woodman from Morgan Stanley and Hashim Shawa of Bank of Palestine Group, to attract foreign investments and discuss renewable energy and infrastructure collaboration.
Together with Finance Minister Mohammed Al-Jadaan, they conversed with officials from BlackRock Investment Institute, focusing on private financing for Saudi Vision 2030.
Additionally, Communications and Information Technology Minister Abdullah Al-Swaha talked digital economy and technology with Singapore's Josephine Teo and leading tech executives, including from Amazon and
Alibaba.
In discussions with Microsoft CEO Satya Nadella, investment in AI and cloud computing were prioritized, as well as nurturing national talent. He also recapped AI and digital projects with IBM CEO Arvind Krishna, emphasizing research and innovation.