Hemmati to visit Saudi Arabia for economic diplomacy
Iran’s Minister of Economy is set to travel to Saudi Arabia to participate in the annual World Association of Investment Promotion Agencies (WAIPA) conference, which brings together investment companies from 100 countries.
Abdolnaser Hemmati will attend the 28th annual WAIPA meeting on Monday, as the WAIPA’s World Investment Conference (WIC) 2024, scheduled from November 25 to 27 in Riyadh, will focus on “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” IRNA wrote.
“WIC 2024 comes at an important moment in the global economy. As we navigate the nuances of digital transformation and the push for sustainable growth, this event provides an essential platform for leaders to explore the new investment paradigms that will shape our future,” said Ismail Ersahin, the CEO and executive director of WAIPA.
“The need for investment promotion agencies to drive economic development and foster foreign direct investment has never been more critical. By bringing together the key global stakeholders in international development and investment, we are creating an environment where strategic partnerships and actionable solutions can flourish.”
For more than 27 years, WIC has served as the largest and most prestigious gathering of its kind, offering a unique platform for ministers, CEOs, policymakers, and international institutions to build relationships, share knowledge and forge meaningful partnerships. By connecting FDI professionals from across the globe, WIC aims to foster investment strategies that fuel sustainable economic growth.
“The World Investment Conference offers a global platform not only for networking and insights sharing, but also for collectively shaping the future of global investment. Here, corporate executives, policymakers, international institutions and other stakeholders will gather to explore innovative solutions to the pressing challenges and unprecedented opportunities for investment and development in a rapidly evolving world,” said James X. Zhan, chair of the executive board of WIC.
The 2024 edition of WIC will offer multiple conference tracks, all designed to deepen the understanding of investment policies and best practices through expert-led discussions and hands-on learning experiences.
With over 130 members representing over 110 nations, WAIPA serves as the primary global organization promoting investment promotion and facilitation. By encouraging FDI and highlighting the role of its members, WAIPA continues to drive global economic growth and development, according to its official website.