Faisal also said in his speech that while the Ministry of Foreign Affairs is taking the initiative of its partners at home and abroad to organize this conference, this comes out of the keenness of the Government of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud on the transformation of the Kingdom into a society of knowledge and economy based on knowledge and it has become inevitable to ensure the sustainability of the development process, build a modern competitive economy and deepen investment in human capital. He indicated that this shift has become a necessity (not a luxury), dictated by the international circumstances and developments, which changed the concept of global competition, to become a knowledge-based competitive advantages among countries, with the decreasing importance of the comparative or differential advantages such as availability of land, capital and natural resources. --More 15:01 LOCAL TIME 12:01 GMT تغريد