Saudi Finance Minister: Vision 2030 Shapes Kingdom’s Economic Strategy, Long-Term Plans Underway

Mohammed Al-Jadaan, Saudi Minister of Finance, affirmed the pivotal role of Vision 2030 in shaping the economic trajectory of the Kingdom. Speaking at a session during the special meeting of the World Economic Forum in Riyadh, Al-Jadaan highlighted the prominence of geopolitical risks as a primary concern for the global economy.

“We are actively engaged in developing long-term strategies,” Al-Jadaan stated, emphasizing the significance of Vision 2030 beyond government initiatives, benefiting the entire economy and attracting regional and international investors.

Focusing on diversification, Al-Jadaan stressed the Kingdom’s commitment to bolstering the non-oil sector and empowering the private industry. He noted the potential for increased oil production but underscored the strategic emphasis on sustainable economic growth.

Highlighting geopolitical instability as a paramount global risk, Al-Jadaan cautioned policymakers to remain adaptable in navigating these challenges. He underscored the varied impacts of geopolitical tensions, which could spur fragmentation and protectionist measures.

The Open Forum, hosted at the Ritz-Carlton Hotel in Riyadh, serves as a platform for dialogues on various topics including environmental sustainability, arts’ societal role, entrepreneurship, AI, digital currencies, and mental health. The forum also provides an opportunity for students, entrepreneurs, and young professionals to engage with global thought leaders.

Established in 2003, the forum has emerged as a vital platform for international experts, leaders, and opinion-makers to discuss pressing global issues, fostering dialogue and cooperation on the international stage.