Saudi Arabia is one of the world’s most resilient economies, as the biggest motivation for any economy is to weather shocks, Khalid Al-Falih, Minister of Investment, said on Wednesday.
Despite the current conditions, the Kingdom is pushing ahead with its development plans and giga projects in line with Vision 2030. Saudi Arabia is also keen to support investors, as its strategy aims to empower the youth – the main driver for Vision 2030.
Saudi Arabia encourages investment in industry, health, biotechnology and pharmaceutical industries, Al-Falih said, expressing his confidence in the future of investment in the Kingdom despite a decline in global growth rates.
Economic reforms, the empowerment of youth and the establishment of specialized economic zones will help the Kingdom recover from the coronavirus pandemic fallout.
Al-Falih also highlighted the role of the world’s governments to realize potential challenges facing investors worldwide.
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