RIYADH — Minister of Finance Mohammed Al-Jadaan said that Saudi Arabia's development underscores that economic transformation thrives on partnership. He made the remarks while participating on Thursday in a virtual roundtable meeting for Resilience Consortium leaders, which was organized by the World Economic Forum (WEF). The meeting brought together ministers, private sector CEOs, and leaders of international organizations to exchange views on addressing the private sector's role in advancing resilience, innovation, and growth in emerging markets. Al-Jadaan said that Saudi Arabia's new Investment Law creates a level playing field, streamlines processes, and enhances investor protections. "The targeted public investments unlock high-potential sectors and crowd in private capital," he said. The minister emphasized that investing in e-government services is not just about modernization, but also about creating a transparent and efficient environment where the private sector can thrive. Al-Jadaan highlighted the importance of enhancing the participation of the private sector to achieve development goals, in a way that drives GDP growth and creates an attractive environment for investment. He also pointed to the importance of developing promising sectors through targeted public investments and strengthening digital infrastructure. The Resilience Consortium is an initiative launched by the World Economic Forum in 2022, bringing together leaders from governments, businesses, and international organizations to strengthen the global economy's ability to adapt and withstand escalating crises such as climate change, pandemics, and geopolitical disruptions.
