Vision 2030 road map for growth: Envoys

Vision 2030 road map for growth: Envoys
HIGHLIGHTING PROGRESSIVE STEPS: Arab News Editor in Chief Mohammed Fahad Al-Harthi addresses the Arab News Dialogue in Riyadh, attended by German Ambassador Dieter W. Haller, Indian Ambassador Ahmad Javed, Turkish Ambassador Yunus Demirer and South Korean Ambassador Pyung-oh Kwon. Usamah M. Al-Kurdi, a prominent businessman and former Shoura Council member, and Imad Al Abdul Qader, director investor attraction at SAGIA, are also present. The forum’s theme was “Vision 2030: A plan for sustainable development”. (AN photo)
Updated 17 August 2016

Vision 2030 road map for growth: Envoys

Vision 2030 road map for growth: Envoys

RIYADH: Heads of prominent foreign missions and experts representing Saudi businesses and authorities are very positive about Vision 2030, saying it is a clear-cut road map for overall development in the Kingdom.
Speaking as panelists here at the Arab News Dialogue on Wednesday under the title “Vision 2030: A plan for sustainable development,” ambassadors from Germany, India, Turkey and South Korea also spoke extensively on the ambitious plan in reference with their countries trading partnership with the Kingdom and future cooperation after the programs spelled out under Vision 2030.
The dialogue is a pioneering initiative by Arab News Editor in Chief Mohammed Fahad Al-Harthi with the objective of increasing interaction of the leading English newspaper with decision makers in the Kingdom.
Opening the dialogue, Al-Harthi highlighted that “the media is not just a tool of reporting but it has to play the key role, create a debate and to be part of the dialogue.” German Ambassador Dieter W. Haller said Vision 2030 is a dynamic program toward changing the overall face of the country. “With this change taking place, every country is looking toward the Kingdom with hope and optimism as it is undergoing a fundamental change from an oil driven economy to an industrial economy,” he added.
Turkish Ambassador Yunus Demirer said that it is a very important and strategic vision document and pointed that it will be very helpful in sustainable economic development.
He expressed hope that investors, including those from his country, will be more convinced with private investment flow being promoted by the National Transformation Program, the first phase one of the Vision.
South Korean Ambassador Pyung-oh Kwon said Vision 2030 is comprehensive and ambitious master plan and will very positively affect the Saudi society, increase job opportunities through investment and expansion work by promising industries, will improve citizens living conditions with economic diversification.
On sharing experiences, he said the Kingdom and South Korea share very close ties based on complementary requirements and exuded confidence that much bigger potentials of bilateral cooperation will be experienced in the process of implementation of Vision 2030.
Indian ambassador Ahmad Javed said: “Vision 2030 is a very clear and determined path toward a new stage of economic and social development.”
It is much more than simply diversifying the Saudi economy or transforming it from the oil driven economy to non-oil revenue generation programs.
“We are looking at it as a total transformation program,” the Indian envoy said.
“Its clarity is good as it brings confidence into the investors,” he underlined.
Imad Al-Abdul Qader, director for investors affairs, at the Saudi Arabian General Investment Authority, said SAGIA has very important role to play and facilitate foreign investor in the execution plan and let foreign investment succeed.
He said along with the foreign investment, Domestic Direct Investment (DDI) is equally important and domestic investors are ready for any foreign investors coming for joint venture as well as to go independently to contribute in the program.
Usamah M. Al-Kurdi, a prominent businessman and former Shoura Council member, described SAGIA as the most important player in the program and its successful execution because of the foreign investment.
He said it was a long-pending demand that both domestic and foreign investment should be dealt with by one authority, and it finally happened.