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Al-Jad'an Urges Economic Diversification
Finance Minister Mohammed bin Abdullah Al-Jadaan emphasized that strengthening economic resilience requires reducing exposure by diversifying the economy, enhancing energy and food security, and building more resilient supply chains and infrastructure. He added that fiscal policies should protect the fundamentals of growth, and international cooperation is essential to achieving global economic stability. He also highlighted the importance of affordable energy supplies and the flow of essential commodities in containing price pressures, noting that Saudi Arabia has contributed to ensuring the continuity of energy supplies and trade through investments in alternative routes. He stressed that international financial institutions play a vital role in assisting vulnerable economies, explaining that the success of economic policies depends on effective shock management. He also indicated that the readiness of artificial intelligence has become an integral part of the plan to bolster resilience and economic growth.
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