Saudi Arabia prepares for post-2050 era: Finance Minister

Finance Minister Mohammed Al-Jadaan

Saudi Arabia is preparing for the period beyond 2050 by developing education, skills, and social issues, alongside implementing serious structural economic reforms that may take 10 to 15 years before their returns become clearly visible, Finance Minister Mohammed Al-Jadaan said.
 

Speaking on the sidelines of the World Economic Forum 2026, Al-Jadaan said the world is experiencing significant challenges, warning that countries neglecting their economic priorities will suffer. He stressed the importance of separating the management of external political affairs from a strong focus on the national economy and social development.
 

He noted that the Kingdom seeks to serve as a model in prioritizing economic development and resolving conflicts through dialogue.
 

Al-Jadaan added that countries such as Saudi Arabia have young leadership that looks after the interests of future generations over the next 15, 20, and 30 years.
 

He said the core objective is to prepare societies and economic structures to deal with an unknown future, pointing out that past crises have proven the ability of countries, companies, and societies to adapt rather than collapse, contrary to some expectations.
 

Regarding the World Bank and the International Monetary Fund, Al-Jadaan said countries around the world continue to turn to these institutions either to support themselves or their regions, despite the need for reforms