RIYADH: In a bid to become a global player in the information and communication technology sector, Saudi Investment Minister Khalid Al-Falih has invited Austria to establish a presence in the Kingdom, which will help create 290,000 jobs in the sector.
During his speech at the Saudi Arabia-Austria Economic Forum, Falih noted that Saudi Arabia wants to transform itself into a cloud hub, serving the entire Middle East.
Minister of Investment hails waste management technologies
Affirming the vitality of environmental technologies, Al-Falih invited waste management and biomass production companies to Saudi Arabia, which will help the country drastically reduce carbon levels.
The minister expressed Saudi Arabia’s plans to digitize the country’s economy and improve its industrial production and automation services.
Aim for a gross domestic product of $1.86 trillion by 2030
During his speech, the minister also noted that Saudi Arabia aims to become one of the top 15 economies in the world by 2030.
He also predicted that the country’s gross domestic product would reach $1.86 trillion by 2030, along with a tripling of investment.
The Minister of Investment noted that the Saudi Arabia-Austria Investment Forum will help formulate concrete action plans to strengthen bilateral relations.
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