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DAVOS, Switzerland — Saudi Arabia is prioritizing peace and prosperity in its efforts to steer the Heart East against steadiness and safety amid ongoing geopolitical volatility within the area, the Global Financial Discussion board (WEF) Annual Assembly 2024 heard as of late from Her Royal Highness Princess Reema Bandar Al-Saud, Ambassador of the Kingdom of Saudi Arabia to america of The united states.

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“The Kingdom has now not put normalization on the middle of its coverage. It’s put peace and prosperity on the middle of its coverage,” she mentioned in a consultation on ‘Saudi Arabia: The Path Forward’.

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HRH Princess Reema emphasised Saudi Arabia’s focal point at the “Palestinian individuals who deserve a state, sovereignty, and a pathway this is irrevocable. This is how we get safety. We feature peace, we stock prosperity, we stock protection, and we ship it in the course of the Palestinian statehood.”

In the similar consultation, His Excellency Adel A. Aljubeir, Saudi Arabia’s Minister of State for Overseas Affairs, Member of the Council of Ministers and Envoy for Local weather, spoke of the wish to cope with local weather trade scientifically, decoupled from feelings and hypocrisy.

“The arena’s urge for food for power is limitless. The extra building up of power provides has to return from non-oil assets,” Aljubeir mentioned, noting that, “We say we’ve got an issue, and the issue has to do with local weather trade. And we wish to take on this drawback in a significant, clinical way. We wish to care for it with out feelings, we wish to care for it with out seeking to ranking political issues.”

His Excellency Mohammed Aljadaan, Saudi Arabia’s Minister of Finance, emphasised that the Kingdom is made up our minds to double down on what it’s doing on its financial system since the area and the arena desire a robust Saudi.

Aljadaan highlighted that the Kingdom’s non-oil GDP is rising, unemployment is on the lowest degree, and girls’s participation within the group of workers has already surpassed the objective set underneath the Saudi Imaginative and prescient 2030.

In an previous consultation on ‘MENA’s Financial Catch 22 situation: Reforms Amid Uncertainty’, His Excellency Faisal F. Alibrahim, Saudi Arabia’s Minister of Financial system and Making plans, described the resilient nature of the area. He mentioned the Heart East “at all times comes out of demanding situations as a greater model of itself” including that it has a possibility to “co-author the way forward for the worldwide financial system”.

Alibrahim touched on nationwide transformations, highlighting the significance of handing over “constantly with a boldness and a view to collaborate with the arena. Imaginative and prescient 2030 is an evolution, a metamorphosis this is taking us to the place we need to be as an financial system and society.”

Within the morning, a consultation on ‘Ocean Regeneration Thru Collaborative Innovation’ explored approaches and answers to environmental demanding situations.

*Supply: AETOSWire

View supply model on businesswire.com: https://www.businesswire.com/information/house/20240118880673/en/

Contacts

Wooud Alquaied
walquaied@mep.gov.sa

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