Taif Investment Forum Concludes, Highlights Promising Economic Elements

Taif, The Taif Investment Forum concluded its events today after highlighting Taif Governorate’s elements as a promising and attractive economic environment for investments in all areas, mainly tourism, agriculture, industry, and health. The forum, which was held at Le Méridien Al-Hada over three days, saw the participation of some 60 senior leaders of government and private sector companies and institutions, economists, business professionals and academics.

The forum, which was held under the patronage of Taif Governor Prince Saud bin Nahar bin Saud bin Abdulaziz, in an economic partnership with the Taif Chamber and the Tuwaiq Association for Exhibitions and Conferences addressed challenges facing clean energy projects, Taif in receiving pilgrims and Umrah performers, sustainable food security in Taif, demands of investors and entrepreneurs to develop the tourism sector, women’s partnership in development, the cultivation of roses and relevant products and the role of scientific research in development.

The forum also covered vocational education under the Saudi Vision 2030, aquaculture, outlook for the mining industry’s future in Taif, quality of life and city humanization, investment in the sports sector, challenges of therapeutic and rehabilitation health projects, and “Taif roses: history and future, the entertainment industry and investment, and empowering and supporting SMEs.

The forum’s events included workshops in various development sectors.

The forum referred to what Taif enjoys from investments of over SAR11 billion, with a number of public-private agreements signed at the forum in more than 27 projects in the presence of various business owners and investors from inside and outside the Kingdom, and the participation of various countries including the UK, Republic of Korea and China, as well as various entities, sectors and supporters in the success of the forum’s events.

The forum sought to boost the partnership between local investors and their counterparts from other countries in the areas of mining, gold mines, clean energy, religious tourism, recreational tourism, agriculture, industry, construction and culture and to increase cooperation among the public and private sectors, which will assist in overcoming the difficulties and meeting the challenges, which will further develop Taif’s investment sector and expands its prospects for creating promising new opportunities in the region.

Source: Saudi Press Agency