On the Sidelines of Davos Summit, H.E. Al Qasabi Discussed the Promotion of Foreign Investment with the Heads of four International Companies

20 Jan 2017
H.E. Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi met on the sidelines of Davos summit with heads of global leading companies, including Hewlett-Packard and CSCO leading Companies in IT, as well as ROCHE, a leading Co. in medical care and Hilton, a leading co. in hotels and tourist resorts. 

H.E. MCI Minister discussed with head of HP company the possibilities of expanding the company's activities in the Kingdom, as well as the development of technical programs, centers of research and training, also the development of technical, service and processing capabilities for young men and women. 

During the meeting, the two sides agreed to send a survey team from the said company to get closely acquainted with the economic environment and investment opportunities in the Kingdom, and to have cooperation with universities and institutes in the field of research, with the emphasis on providing government support for the company and facilitate its work. 

H. E. Al Qasabi discussed with the head of CSCO IT company means to develop the company's business in the Kingdom, and the role it would play in supporting the IT sector.

H.E. the Minister also discussed with the head of ROCHE company for medical care, ways of promoting the company's business in the Kingdom and its contribution to the development of the health sector, through training young Saudi cadres on the latest medical and health technology, also opening advanced medical research centers and laboratories.

During meeting with head of HILTON company, the two sides discussed aspects of developing the tourism sector in the Kingdom, and the expected role of the company in supporting the tourism sector through the training of Saudi cadres, and the development of tourist areas in the Kingdom.
H.E. Al Qasabi confirmed that these meetings aim to introduce the promising investment opportunities in the Kingdom, also to promote and boost the investment role for these companies, based on the government's trend to increase direct foreign investment proportion of GDP from 3.8% to the global average of 5.7%., Which is one of the most important objectives of the Kingdom’s Vision 2030.

Last Modified 26 Dec 2018