KSA’s economic reforms supports sustainable economic growth, says finance minister

Saudi Arabia’s Finance Minister Mohammed Al-Jadaan speaks at the G20 Investor Forum in Buenos Aires. (SPA)
Updated 02 December 2018

KSA’s economic reforms supports sustainable economic growth, says finance minister

  • Al-Jadaan concluded by reviewing Saudi Arabia’s efforts to realize economic reforms aimed at achieving the Kingdom’s Vision 2030

Saudi Arabia’s Finance Minister Mohammed Al-Jadaan was among 70 participants in the G20 Investor Forum, on the sidelines of the G20 Summit in Buenos Aires.
Attending the forum, which was organized by the World Bank Group, the participants discussed ways to enhance cooperation between institutional investors and governments to motivate long-term sustainable investments, both in the G20 markets and around the world.
They focused on policies, public-private partnerships and financial innovation roles in promoting long-term sustainable investments, discussing the challenges and obstacles facing these investments and ways to address them.
Al-Jadaan said that it provides policymakers, regulators, investors and international financial institutions with a unique opportunity to engage in direct talks on long-term sustainable investment.
Al-Jadaan concluded by reviewing Saudi Arabia’s efforts to realize economic reforms aimed at achieving the Kingdom’s Vision 2030, pointing out that the implementation of these reforms supports sustainable economic growth and activates the role of the private sector in job creation and economic growth.


US State Department calls Saudi Arabia ‘important strategic partner’

Updated 25 February 2020

US State Department calls Saudi Arabia ‘important strategic partner’

  • The comments come following US Secretary of State Mike Pompeo's visit to the Kingdom
  • Pompeo discussed regional issues with King Salman and Crown Prince Mohammed bin Salman

WASHINGTON: The US State Department on Monday said Saudi Arabia was an "important strategic partner" and paid tribute to the "historical relations" between the two countries.

The comments come following US Secretary of State Mike Pompeo's visit to the Kingdom during a tour of Middle East and African countries last week.

The State Department added that Pompeo discussed regional issues with King Salman and Crown Prince Mohammed bin Salman, and said the US-Saudi Arabia relationship was a "distinct" one that went beyond confronting Iran.

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It also said that the situation in Syria was "catastrophic," while calling on Russia and Iran to do more to protect civilians and saying there was no military solution to the conflict in the country.

The department also spoke about the situation in Iraq, saying the Iraqi Prime Minister-designate, Mohammed Tawfiq Allawi, must include the Kurds and Sunnis in the formation of a government.

The US said that Iran was responsible for aggression against its interests in Iraq and said it would prevent Iraqi militias from attacking the Green Zone.