Saudi Arabia secures $260 billion in investment commitments during early November events
RIYADH: Saudi Arabia garnered a substantial $260 billion in investment commitments across multiple sectors during the early days of November, propelled by activities at the Biban forum, the inaugural TOURISE Summit, and the Future Investment Initiative.
Saudi Arabia has attracted a significant influx of investments worth $260 billion throughout early November, thanks to several major events that showcased the kingdom's potential in various sectors.
The country drew over 100,000 visitors to the Biban forum, which generated agreements exceeding SR38 billion ($10 billion).
This four-day event, held under the theme "Global Destination for Opportunities," also attracted nearly 50 startups from South Korea, according to reports by the Saudi Press Agency.The opening edition of the TOURISE Summit secured investments worth $113 billion.
Participating international and local companies that announced portfolios as part of the total include Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix, and Ocean Link.
This summit supports Saudi Arabia's goal of becoming a global tourism hub, with the Kingdom targeting over 150 million visitors by the end of the decade.The ninth edition of the Future Investment Initiative saw more than $50 billion in signed agreements and investment pledges, covering artificial intelligence, advanced technology, renewable energy, and infrastructure.
Since its inception, the FII platform has enabled more than $250 billion in cumulative deals, reinforcing Saudi Arabia's ambition to become a global investment hub.In addition to these events, the General Authority for Military Industries announced that the localization of military spending had risen to 24.89 percent, marking progress toward the Vision 2030 target of 50 percent.
Furthermore, Saudi Aramco reported its third-quarter 2025 adjusted net income at $28 billion, slightly above the $27.7 billion recorded a year earlier.
The company also increased its 2030 sales gas production capacity growth target to around 80 percent above 2021 levels, with expectations of total gas and associated liquids output reaching approximately 6 million barrels of oil equivalent per day.In the realm of telecommunications, the Communications, Space and Technology Commission conducted the Middle East and Africa's first-ever trial of the 7 GHz frequency band for 6G.
The country drew over 100,000 visitors to the Biban forum, which generated agreements exceeding SR38 billion ($10 billion).
This four-day event, held under the theme "Global Destination for Opportunities," also attracted nearly 50 startups from South Korea, according to reports by the Saudi Press Agency.The opening edition of the TOURISE Summit secured investments worth $113 billion.
Participating international and local companies that announced portfolios as part of the total include Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix, and Ocean Link.
This summit supports Saudi Arabia's goal of becoming a global tourism hub, with the Kingdom targeting over 150 million visitors by the end of the decade.The ninth edition of the Future Investment Initiative saw more than $50 billion in signed agreements and investment pledges, covering artificial intelligence, advanced technology, renewable energy, and infrastructure.
Since its inception, the FII platform has enabled more than $250 billion in cumulative deals, reinforcing Saudi Arabia's ambition to become a global investment hub.In addition to these events, the General Authority for Military Industries announced that the localization of military spending had risen to 24.89 percent, marking progress toward the Vision 2030 target of 50 percent.
Furthermore, Saudi Aramco reported its third-quarter 2025 adjusted net income at $28 billion, slightly above the $27.7 billion recorded a year earlier.
The company also increased its 2030 sales gas production capacity growth target to around 80 percent above 2021 levels, with expectations of total gas and associated liquids output reaching approximately 6 million barrels of oil equivalent per day.In the realm of telecommunications, the Communications, Space and Technology Commission conducted the Middle East and Africa's first-ever trial of the 7 GHz frequency band for 6G.
