Geopolitical Stability, Inclusive Growth, Energy Security Under Spotlight in Riyadh at World Economic Forum Special Meeting
April 29 2024 - 1:46AM
Business Wire
Riyadh convened global leaders today at the World Economic Forum
Special Meeting on Global Collaboration, Growth and Energy for
Development to host candid dialogues and outline bold steps to
tackle the most pressing geopolitical, social and economic
challenges facing humanity.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240428317713/en/
His Excellency Faisal Alibrahim, Saudi
Minister of Economy and Planning, welcomes global leaders to Riyadh
for the World Economic Forum Special Meeting on Global
Collaboration, Growth and Energy for Development. (Photo:
AETOSWire)
Speaking at the Special Meeting, His Royal Highness Prince
Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy for
Saudi Arabia, said a just and equitable energy transition will only
be achieved by using a range of energy sources to diversify the
global energy market. Access to secure and reliable energy, he
said, is crucial to enabling people and communities from emerging
nations to achieve meaningful economic development.
In a session on ‘North to South, East to West: Rebuilding
Trust,’ His Highness Prince Faisal bin Farhan Al Saud, Saudi
Arabia’s Minister of Foreign Affairs, led a discussion on
addressing critical challenges through cooperation, speaking of the
need to solve the humanitarian crisis in Gaza through “a real
commitment to a two-state solution that is a credible, irreversible
path to a Palestinian state.”
At the first WEF Open Forum to be hosted outside of Davos, Her
Royal Highness Reema Bandar Al-Saud, Saudi Arabia’s Ambassador to
the United States, reflected on the Kingdom’s cultural awakening,
saying, “Right now, what you’re watching is a renaissance of this
country falling in love with its heritage.”
Reflecting on the progress of Saudi Vision 2030, His Excellency
Adel Aljubeir, Minister of State for Foreign Affairs of Saudi
Arabia, said: “We want to build a country that is diversified, that
is inclusive, that is based on technology, that competes in the
world and that is part of the global trading system.
At the start of the first day of the Special Meeting, His
Excellency the Saudi Minister of Finance, His Excellency Mohammed
Aljadaan, said that for long-term planning, countries need to be
agile in dealing with economic challenges by making adjustments
depending on circumstance.
Meanwhile, His Excellency Abdullah Alswaha, Saudi Arabia’s
Minister of Communications and Information Technology, discussed
the link between artificial intelligence and economic growth,
stating, “We are not at a tipping point, but a turning point in
humanity,” while highlighting how Saudi Arabia is doubling down on
AI diffusion across multiple sectors.
His Excellency Ahmed Al-Khateeb, Saudi’s Minister of Tourism,
said, “In just five years, Saudi Arabia's tourism sector has nearly
doubled, growing from $35 billion to $66 billion, with our sights
set on reaching $80 billion this year.”
Welcoming delegates to the two-day event, His Excellency Faisal
Alibrahim, Saudi’s Minister of Economy and Planning, welcomed
global leaders to the “global growth platform” that Saudi Arabia
has become under Saudi Vision 2030, and stressed the importance of
building a more inclusive global economy “where every nation has
the chance to thrive, regardless of its wealth or status.”
*Source: AETOSWire
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240428317713/en/
Wooud Alquaied walquaied@mep.gov.sa