Jeddah: The Saudi Arabia-Canada Investment Forum opened today in Jeddah, bringing together a high-level Canadian delegation representing the public and private sectors of both countries. The forum aims to strengthen the investment partnership and explore cooperation opportunities across several promising economic sectors.

According to Saudi Press Agency, the forum featured a roundtable bringing together officials, investors, and business leaders from both sides. Participants discussed investment partnership opportunities, reviewed the enablers and incentives offered by the Kingdom, and explored prospects for cooperation in priority sectors.

The forum also witnessed the signing of 15 memoranda of understanding and cooperation agreements between government entities, companies, and institutions from Saudi Arabia and Canada. The agreements further strengthen economic ties and expand areas of cooperation and joint investment.

During the forum sessions, participants discussed investment opportunities in the financial services, mining, advanced industries, artificial intelligence (AI), and data center sectors. They also reviewed the incentives the Kingdom offers investors as part of Saudi Vision 2030.

The forum highlighted the Kingdom's rapid industrial growth and competitive advantages, including advanced infrastructure and a strategic location linking the markets of the Middle East, Asia, Europe, and Africa. These advantages open new horizons for investment partnerships with the Canadian side.

The forum also highlighted opportunities in the mining sector. The Kingdom's mineral resources are estimated at approximately $2.5 trillion and include more than 50 minerals. Participants also discussed the rapid growth in exploration activities and downstream value chains, which align with Canada's advanced expertise in the sector.

The forum is being held as part of efforts to strengthen economic relations between Saudi Arabia and Canada. It also aims to open new avenues for cooperation and investment that support sustainable economic growth and deepen the partnership between the two countries.