Saudi Minister of Economy: Opportunities in the Kingdom are part of a serious mission to restructure the economy

Faisal Al-Ibrahim, Minister of Economy and Planning, said that no country is witnessing such vast opportunities as those available today in the Kingdom, indicating that these opportunities are not only to attract foreign direct investment, but are part of a serious mission to restructure the economy and unleash the latent potential of our people.

According to “Al Arabiya”, Al-Ibrahim confirmed that the Kingdom looks forward to working with the administration of US President Donald Trump, as it cooperated with previous administrations, to confront common global challenges, such as the slowdown in economic growth that affects the international community. He added that strengthening continuous communication with the international community remains one of Saudi Arabia’s top priorities.

He pointed out that relations with the United States have always been strong, within a long-term partnership spanning eight decades, and have remained solid regardless of the ruling administration.

The minister explained that Saudi Arabia, thanks to Vision 2030, has become more integrated with the global economy, allowing it to be a stronger positive force in shaping a more prosperous future. “We will continue to participate in the World Economic Forum in Davos and all multilateral platforms, to work with our partners, share our experiences and lessons learned, and learn from other opportunities and experiences to address global challenges,” he added.

Al-Ibrahim pointed out that Saudi Arabia has become a global power in the field of investment, benefiting from its economic potential, resources, and diplomatic resolve. He said: “Countries are distinguished by their sources of strength, some of which depend on human resources, and others on natural resources. As for the Kingdom, it has become strong in both aspects.”

He added that Vision 2030 has established a platform for growth, aiming to stimulate new sectors, revive traditional sectors, and attract quality capital that focuses on real growth and positive impact on the national economy.