Saudi Arabia has signed a strategic agreement with the World Economic Forum (WEF) aimed at accelerating the Kingdom’s industrial transformation as part of its Vision 2030 economic diversification drive. The partnership focuses on fostering innovation, strengthening public‑private cooperation, and adopting advanced technologies to boost competitiveness and sustainable growth.
Officials noted that the agreement will support Saudi industries in integrating emerging technologies such as AI, clean energy solutions, and digital infrastructure to enhance productivity and attract foreign investment. The move underscores Riyadh’s commitment to deepening global economic engagement and positioning the nation as a leader in industrial modernization.