BMG Economic Forum looks at Saudi Arabia's energy strategy

LONDON: Saudi Arabia is working to attract investors to build a tourism infrastructure and ecosystem that is sustainable, while facilitating an attractive environment.
“After the coronavirus we will work very hard to make sure all our destinations are ready and developed to hit the targets of Vision 2030,” said Mahmoud Abdulhadi, senior adviser of Investment Attraction at the Saudi Ministry of Tourism.
Speaking at the BMG Economic Forum, which was held virtually, the Minister of Industry and Mineral Resources, Bandar Al-Khorayef, said the Kingdom is planning to have a global forum for mining in two or three months, where there will be enough information for investors.
“We believe that the future of manufacturing will create opportunities for Saudis because of the ability of the Saudi generation to tap into new technologies,” he said.
Meanwhile, Reema Alasmari, CEO and managing director at Natixis SAIC, said Saudi Arabia intends to increase its renewable energy supplies by 30 percent and green and sustainability strategies should be at the forefront of the Vision 2030, according to what the head of Saudi Aramco said.
“Saudi Arabia does not want to be fuel independent, and is working toward (tackling) climate change, attracting youth, and bringing new investments,” said Marie Dzanis, head of EMEA Asset Management and CEO at Northern Trust Global Investments.
During the meeting, Salah Shamma, head of investment MENA Equity at Franklin Templeton Investments (ME) said “Saudi Arabia is following the global initiative and Crown Prince Mohammed bin Salman is leading the way in investing in more cleaner, sustainable areas of the economy.”