4 Saudi ministers in Davos explain Kingdom’s path and growth

The Saudi delegation at the World Economic Forum “Davos” in Switzerland highlighted the Kingdom’s march line in comparison to the G20 countries, according to SPA.


“The Kingdom is an example of global growth, having achieved the fastest growth rate among G-20 countries last year, and if we look closely at GDP, which grew by 8.5%, we will see that our non-oil activities and private sector economists have achieved very high growth rates,”, The Minister of Economy and Planning Faisal Al-Ibrahim Said.

“Since the announcement of Saudi Vision 2030, we have focused on diversifying our sources of income away from traditional sources to create long-term sustainable revenues and diversify our sources of economic growth.” He stated.

Adel Al-Jubeir, Minister of State for Foreign Affairs and Envoy for Climate Affairs stated that the kingdom’s “The Line” project will take the concept of smart cities and urban planning to a new level and that the “NEOM” project is a step toward creating an environmentally friendly and sustainable city with a high quality of life and minimal traffic.

The Minister of Investment is Eng. Khaled Al-Falih explained the goals that the Kingdom’s recently launched National Initiative for Global Supply Chains will achieve, and how to benefit from the Kingdom’s resources, infrastructure, and geographical location to enhance the flexibility of local and global supply chains.

The Minister of Communications and Information Technology, Abdullah Al-Sawaha said that the current two-dimensional world we live in today is not keeping pace with the goals of the twenty-first century. Al-Sawaha is a strong supporter of the Metaverse, which will lead the next wave of amazing experiences for customers, companies, and the industry. He said that they would bring together academics, innovators, and policymakers in an experimental environment to ensure they work in a safe environment for innovation.

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