Saudi Crown Prince Mohammed bin Salman announced that the Saudi Public Investment Fund and the Saudi private sector will finance 85% of the global economic program.
During his participation in a strategic dialogue session within the activities of the World Economic Forum, bin Salman explained that “the remaining percentage will be through stimulating foreign capital from the Gulf countries and all countries of the world, to enter into investments in promising sectors and traditional sectors with efficiency,” appreciating the role of serious and effective partners Those who provide added value in transferring and localizing knowledge and technology and enhancing talent within the Kingdom.
He reviewed the achievements made by the Kingdom since the announcement of Vision 2030, in terms of doubling non-oil revenues, empowering women in the labor market, raising the level of competitiveness in the business environment, activating the role of the Public Investment Fund, and the significant improvement made in protecting the environment and the Kingdom’s initiative regarding the circular carbon economy. It was approved by the G20 summit chaired by the Kingdom.
He stressed that “the year 2020 was full of challenges and that the Kingdom was ready for that, as the transformation journey that was launched a few years ago took all the country’s axes to new dimensions, in the economic aspects, government work and social aspects, and created quality investment opportunities,” indicating that “based on the Kingdom’s role A leader in the global economy, she remains keen on international cooperation with partners and friends in the business community and their sharing of these promising investment opportunities, as the Kingdom’s prosperity leads to the development of the region and the world.
Bin Salman stressed the role the Kingdom has played and is playing in the framework of promoting development, supporting the stability of the region, and preserving the energy supply market, stressing the continuation of that role in the interest of the region, establishing security and peace, and enhancing economic cooperation.