The Ministry of Investment has signed an investment agreement to manufacture specialized and agricultural chemicals in Saudi Arabia, with a value estimated at $1 billion. The ministry has signed the agreement with the Indian company UPL, which comes within the Kingdom" efforts in supporting the qualitative investments, and economic diversification. It is noteworthy that the agreement was signed on the sidelines of the participation of Saudi Arabia"s delegation in the World Economic Forum 2023, which is held in Davos, Switzerland.