Saudi Arabia has one of the world’s most resilient economies: Al-Falih

Saudi Arabia has one of the world’s most resilient economies: Al-Falih
Saudi Arabia has one of the world’s most resilient economies: Al-Falih

We show you our most important and recent visitors news details Saudi Arabia has one of the world’s most resilient economies: Al-Falih in the following article

Hind Al Soulia - Riyadh - Saudi Gazette report

RIYADH — Saudi Arabia’s economy is one of the world’s most resilient economies as the strength of any economy lies in its ability to withstand shocks, Saudi Minister of Investment Khalid Al-Falih said on Wednesday.

Al-Falih made the remarks during a discussion session as part of the Global Digital Summit Series which is being organized by the Financial Times Network in cooperation with the Saudi Ministry of Investment and the Saudi Secretariat of the G20.

Despite the current circumstances, Saudi Arabia is proceeding with its development plans and major projects in line with Vision 2030. The Kingdom is keen on supporting investors, as it seeks to empower the youth — the main driver for Vision 2030, he said.

Al-Falih also said that Saudi Arabia is encouraging investment in industry, health, biotechnology, and pharmaceutical industries, expressing his optimism about the future of investment in the Kingdom despite a decline in global growth rates. He added that economic reforms, the empowerment of youth, and setting up of special economic zones will help the Kingdom recover from the coronavirus pandemic fallout.

Al-Falih said that it is important for governments in the world to build real partnerships with the private sector, pointing out that the Kingdom has demonstrated great interest in the private sector during the pandemic.

He highlighted the role of governments in the world in identifying the challenges facing investors in the world and providing them with the necessary support, citing the Saudi support of such efforts.

It is worth mentioning that the Global Digital Summit is being held over a period of four days (Oct. 21-22 and Oct. 28-29), with the participation of the most prominent officials and business leaders of major international companies. The summit will touch upon a number of themes and topics, most notably building the digital economy, sustainable development, and promoting employment and skills acquisition.


These were the details of the news Saudi Arabia has one of the world’s most resilient economies: Al-Falih for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT U20 to launch emergency fund for cities