Finance minister Fernando Haddad met with Saudi investment minister Khalid Al-Falih. São Paulo state governor also met with Al-Falih, the Saudi minister of Industry, representatives of a Qatari investment fund, and the CEO of UAE’s port company DP World.
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Crown prince Mohammed bin Salman said USD 3 trillion of those investments would be in new projects as part of opportunities offered by the Vision 2030 reform program.
The announcement was made in Davos, Switzerland during the World Economic Forum. Summit will run in October, before the G20 meetings.
Number of residents in Saudi capital could skyrocket from 7 million to 14 million by 2030. Master plan envisions investments of USD 55 billion in the city.
Global Goal Live will occur on September 26 in Dubai, New York, Seoul, Lagos as well as European and Latin American cities yet to be announced and is expected to draw more than 1.5 billion viewers.
The World Economic Forum relates that economic, governance and safety issues worry Middle East and North Africa business leaders the most. Climate change, on the other hand, is underestimated.
World Economic Forum on the Middle East and North Africa will take place next weekend in Jordan convening participants from 50 countries.
The emirate’s Hamdan Centre and the World Association of Investment Promotion Agencies announced an initiative designed to help said agencies find external funding for sustainable development efforts.
The country appears at the 72nd position out of 140 economices in a report released by the World Economic Forum.