The World Investment Conference has concluded after taking place in Riyadh, Saudi Arabia between November 25-27. The annual flagship event from the World Association of Investment Promotion Agencies (WAIPA) focused on “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities.” It attracted hundreds of IPAs worldwide to discuss investment trends and strategies to attract capital.
On the first day, panels explored how to attract investments through cross-border partnerships, and efforts to align government policies with IPAs’ efforts. The WAIPA Excellence Awards ceremony also took place.
Invest India won the Excellence in Usage of ICT for Investment Facilitation award, with the Shanghai Foreign Investment Development Board as the runner-up and the Tanzania Investment Centre receiving the less economically developed (LDC) award.
The award recognizes IPAs that have used digital tools to streamline investment and increase efficiency.
The General Authority of Investment and Free Zones of Egypt won the Contribution to Sustainability & Local Linkages award, with Peru’s Private Investment Promotion Agency ProInversion as the runner-up. The joint winners of the LDC award were the Uganda Investment Authority and National Investment Promotion Agency of Democratic Republic of Congo.
Lastly, the National Investment Promotion Agency Comoros won the Excellence in Investment Facilitation award, with Malaysia Digital Economy Corporation as the runner-up.
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By GlobalDataInvest Saudi was also recognized for Outstanding Dedication and Excellence in hosting the conference.
On the second day, panels focused on technology and investment (particularly the rise of AI), public-private partnerships and what the outcomes of COP29 would mean for finance and investment strategies.
“WAIPA has made great strides this year, adding 24 new members and continually expanding our capacity-building, training and other support programs for our members—all the while guided by our dedication to helping investment promotion agencies achieve their highest potential,” said WAIPA CEO and executive director Ismail Ersahin.
The last day of the conference focused on cross-border partnerships and how special economic zones can work towards attracting FDI.
