Arab News, Tuesday, Mar 07, 2023 | Sha'ban 15, 1444
Saudi-US petrochemicals and transformation industries to benefit from Industrial Investment Conference
Saudi Arabia:
Saudi Arabia and US petrochemicals industry
representatives are set to explore investment goals and the development of green
technology at a conference set to be held in Houston on March 15.
Organized by the Kingdom’s Ministry of Investment
in collaboration with the Saudi-US business council, the Industrial Investment
Conference will also see discussions focused on the nations’ national
strategies, the Saudi Press Agency reported.
Representatives of 12 government entities and
conglomerates are projected to contribute to the conference, and the one-day
event will link the petrochemical industry with the transformation sector to
discuss green energy prospects to form zero petro-and-transformation industries
complexes.
The event is being held in Houston as part of a
plan to open up dialogue with giant US firms to ensure future cooperation when
it comes to investment opportunities and empowering advanced industries of the
Kingdom, according to the SPA.
The Kingdom’s Ministry of Investment’s mission is
to promote Saudi Arabia as a world-class investment destination, attract and
retain investors, and expand their investments, for the benefit of a sustainable
national economic growth.
It plays a vital role in elevating the Kingdom’s
overall business environment, commissioning multiple market intelligence studies
every year, and developing local opportunities for joint ventures.