Prime Highlight
- Saudi Arabia attracted $173 billion in investment commitments from major events, including the Biban Forum, TOURISE Summit, and Future Investment Initiative.
- The investments support the Kingdom’s goals of economic diversification, becoming a global tourism hub, and strengthening sectors like AI, renewable energy, and infrastructure.
Key Facts
- The Biban Forum generated over $10 billion, the TOURISE Summit added $113 billion in tourism-related deals, and the Future Investment Initiative secured more than $50 billion in agreements.
- Saudi Aramco posted $28 billion Q3 net income, and the Kingdom advanced 6G trials while localizing military spending to 24.89%, aiming for 50% by 2030.
Background
Saudi Arabia gained $173 billion in investment commitments at several major events in early November. These deals show strong progress in the country’s effort to attract global investors and speed up its economic diversification.
A major contributor was the Biban forum, which generated agreements valued at more than SR38 billion ($10 billion). The four-day event, themed “Global Destination for Opportunities,” attracted over 100,000 visitors and saw participation from nearly 50 South Korean startups, according to the Saudi Press Agency.
The inaugural TOURISE Summit added another $113 billion in tourism-related investments. Global hospitality brands such as Melia Hotels, BWH Hotels, Radisson, GOCO Hospitality, Earth Hotels, Delonix, Ocean Link, and local partners announced major portfolios. The summit supports the Kingdom’s goal of becoming a global tourism hub and achieving over 150 million visitors by 2030.
At the ninth Future Investment Initiative, more than $50 billion in agreements and pledges were signed. The deals involved artificial intelligence, renewable energy, advanced technology, and infrastructure. Since it began, the FII has helped make over $250 billion in total deals, supporting Saudi Arabia’s goal to become a major global investment hub.
Alongside the investment activity, the General Authority for Military Industries reported that localization of military spending had risen to 24.89 percent. The Kingdom aims to raise this share to 50 percent by 2030.
In the energy sector, Saudi Aramco posted a third-quarter 2025 adjusted net income of $28 billion, slightly higher than last year. The company also raised its 2030 target for sales gas production capacity, now aiming for growth of around 80 percent above 2021 levels.
Saudi Arabia also advanced its telecom ambitions as the Communications, Space and Technology Commission conducted the Middle East and Africa’s first trial of the 7 GHz frequency band for 6G technology.
