Saudi-EU Investment Forum: STTA & Ministry of Investment Kingdom of Saudi Arabia Signed MoU

On October 23rd 2023, Riyadh became the stage for a landmark event — the inaugural Saudi-EU Investment Forum, symbolizing a new chapter of partnership between Saudi Arabia and the European Union.

Hosted under the auspices of the Saudi Ministry of Investment (MISA) and led by His Excellency Khalid Al-Falih, Minister of Investment, the forum brought together visionaries, policymakers, and leading enterprises from both regions to explore new avenues of economic collaboration.

The event was honored by the presence of Mr. Maroš Šefčovič, Executive Vice-President of the European Commission for the European Green Deal, who led a high-level EU delegation focused on advancing sustainable growth and innovation.

STTA Among the Eight European Signatories

We are proud to announce that STTA was selected as one of only eight European companies to sign a Memorandum of Understanding (MoU) with the Saudi Ministry of Investment during the forum.

This milestone marks not just a recognition of our expertise in digital transformation, immersive technologies, and data infrastructure, but also a shared commitment to fostering innovation across borders.

The agreement paves the way for strategic cooperation in the areas of digital heritage, immersive education, and industrial digitalization, aligning with Saudi Vision 2030 and the EU’s digital and green transition goals.

Building Bridges Between Europe and the Kingdom

For STTA, this partnership represents more than an institutional agreement — it’s a bridge connecting European innovation with Saudi Arabia’s bold vision for the future.

Together with our Saudi partners, we aim to develop projects that not only leverage advanced technologies such as VR, AR, and AI, but also create long-term value for the Kingdom’s cultural, educational, and industrial ecosystems.

A Beginning, Not an Endpoint

Signing this MoU is only the first step. Our journey with the Ministry of Investment and other strategic partners in the Kingdom is just beginning — one built on mutual respect, technological excellence, and a shared drive to turn vision into tangible impact.