Saudi Minister of Investment announced a collaboration with a Swiss fund aimed at launching financing initiatives in the debt market

Saudi Minister of Investment Eng. Khalid Al-Falih announced a partnership with a Swiss fund to start debt market financing efforts, a step towards increasing investments in zero-emission projects. With the potential to mobilise billions of euros, this cooperation will demonstrate Saudi Arabia's will to establish itself as a premier location for sustainable investment. At a Saudi-Swiss round table discussion in Riyadh, Al-Falih made this declaration and stressed the Kingdom's goal to establish itself as a major international centre for industry, finance, and logistics.

The meeting also covered other areas of collaboration, and noteworthy attendees included Saudi Minister of Industry and Mineral Resources Eng. Bandar Alkhorayef and Swiss Federal Councillor Guy Bernard Parmelin. The partnership includes the insurance sector, which is anticipated to experience rapid expansion in the upcoming years, and the investment in zero-emission zones.

Al-Falih cited Saudi Arabia's plans for megaprojects, with more than $3.3 trillion set aside for various industries including factories, airports, and green energy networks, to highlight the country's enormous potential for infrastructure growth. It is projected that a significant amount of this investment, almost $1.8 trillion, will be funded through bids to draw in international investors from Switzerland and other countries, guaranteeing the best quality standards for these projects.