WEF 2025: Faisal Alibrahim: Vision 2030 on track & gaining momentum
Saudi Arabia has called for global cooperation and dialogue to tackle the challenges of a fragmented world at this year’s World Economic Forum in Davos, Switzerland. CNBC Africa’s Fifi Peters spoke to Faisal Alibrahim, Minister: Economy and Planning, Kingdom of Saudi Arabia on accelerating global economic growth.
Thu, 23 Jan 2025 16:11:03 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Saudi Arabia emphasizes the importance of bold innovation and strategic partnerships to accelerate global economic growth amidst tepid growth and technological disruptions.
- Vision 2030 aims to diversify Saudi Arabia's economy away from oil dependency and invest in human capital development for sustainable growth.
- Collaborations with African nations and active participation in the G20 presidency demonstrate the Kingdom's commitment to fostering trade, investment, and global dialogue for a prosperous future.
Saudi Arabia has reiterated its call for global cooperation and dialogue to address the challenges of a fragmented world at the annual World Economic Forum in Davos, Switzerland. Faisal Alibrahim, Minister of Economy and Planning for the Kingdom of Saudi Arabia, emphasized the importance of accelerating global economic growth through innovative solutions and strategic partnerships. Alibrahim highlighted the need for bold innovation, structured policymaking, and long-term planning to navigate the current economic landscape marked by tepid growth and technological disruptions. The Kingdom's Vision 2030 initiative aims to propel the economy forward by diversifying away from reliance on oil revenue and investing in human capital development. As part of this vision, Saudi Arabia seeks to deepen its collaborations with African nations to foster trade, investment, and technical cooperation. Alibrahim also discussed the significance of the G20 presidency, signaling the Kingdom's commitment to contributing to global solutions and building on past successes. The dialogue at Davos underscored the Kingdom's role as a reliable, long-term partner in shaping a more prosperous future for the global economy.
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