Riyadh: A coalition of 25 specialized Hungarian companies is preparing to invest in Saudi Arabia’s technology and digital transformation sectors, aiming to capitalize on the abundant opportunities presented by the Kingdom’s Vision 2030, it was announced today during the Saudi-Hungarian Business Forum in Riyadh.

According to Saudi Press Agency, the event was organized by the Federation of Saudi Chambers and attended by several dignitaries, including Hungarian Parliament Deputy Speaker Istv¡n Jakab, Saudi-Hungarian Business Council chairman Marwan Al-Mutlaq, Shura Council Saudi-Hungarian Parliamentary Friendship Committee chairman Dr. Ibrahim bin Mohammad Al-Qannas, Hungarian Ambassador to Saudi Arabia Bal¡zs Selmeci, and various Saudi investors.

Jakab highlighted the strong relationship between the Shura Council and the Federation of Saudi Chambers, noting the establishment of the Hungarian-Saudi Holding Company last year. The company represents a coalition of Hungarian firms in the digital transformation sector, focused on investing in Saudi Arabia and forming partnerships with local investors in technology, finance, and food industries.