Post by : Maya Rahman

At the Development Finance Conference MOMENTUM 2025 held in Riyadh, Saudi Arabia's Vice Minister of Finance, Abdulmuhsen Alkhalaf, underscored that Vision 2030 is a comprehensive long-term strategy rather than a mere reaction to short-term economic fluctuations. He outlined the vision's objective of establishing an economy that generates opportunities, draws global investments, fosters innovation, and ensures long-term financial stability.

Alkhalaf also pointed out that Vision 2030 has significantly bolstered the private sector's capacity, allowing it to play a crucial role in job creation and supporting economic expansion. This progress is backed by structural reforms, enhanced competitive frameworks, and initiatives promoting entrepreneurship.

He further remarked on the significant contribution of the National Development Fund and the holistic development ecosystem to the vision. Since its inception, development finance has emerged as a strategic tool channeling investments into projects that promise substantial economic and social benefits.

Alkhalaf highlighted that the surge in Foreign Direct Investment (FDI) in Saudi Arabia can be attributed to the transparency, integrity, and clarity embodied in Vision 2030, fostering a conducive and opportunity-laden atmosphere for global investors.

In conclusion, the vice minister reaffirmed that the ongoing reforms and strategic initiatives under Vision 2030 are laying down a robust foundation for sustainable growth, economic diversification, and an invigorated business climate, positioning the Kingdom as an attractive hub for international investment.

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