Kuwait City, February 13, 2023, SPA -- Saudi Minister of Investment, Khalid Al-Falih, has stressed the keenness of the leaderships of the Kingdom of Saudi Arabia and Kuwait to enhance economic, commercial, and investment cooperation in the public and private sectors, holding joint economic projects and increasing the level of commercial exchanges in a bid to realize the aspirations and ambitions of the two countries. Al-Falih's remarks came during the opening of the "Invest Saudi" Forum today in Kuwait in the presence of Kuwait's Minister of Commerce and Industry and Minister of State for Communications and Information Technology Affairs, Mazen Saad Al-Nahedh, and Prince Sultan bin Saad, Saudi Ambassador to Kuwait, with the participation of several government entities, and representatives of mega-companies and the private sectors of both countries. The minister noted that as part of the framework of the Saudi vision 2030, the Kingdom of Saudi Arabia's economic reforms have succeeded in driving the growth of the Saudi economy and diversifying its sources, becoming the fastest and highest growth in the world in 2022, reaching nearly SAR 4 trillion, advancing to the 16th largest economy in the world. He added that the National Investment Strategy, launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, is among the most important steps taken in the Kingdom of Saudi Arabia to support developing and attracting investments, boosting the investment environment, and where the strategy seeks to reach an investment volume of around SAR 12.4 trillion by 2030. In addition to holding interactive sessions that discussed strategic projects in the Kingdom and success stories of Kuwaiti companies in the Kingdom, the forum included presentations on the themes of "Invest Saudi", "competitive advantages and investment opportunities in the regions of the Kingdom", "privatization projects in Saudi Arabia" and the "NEOM Project". Intended to utilize opportunities for cooperation and partnership, promoting investment opportunities in the two countries, reviewing aspects of cooperation and investment partnership, and exchanging expertise the forum included bilateral meetings between major companies and private sector representatives on both sides. --SPA 19:02 LOCAL TIME 16:02 GMT 0021 www.spa.gov.sa/w1853642