Saudi Vice Minister of Finance, HE Abdulmuhsen Alkhalaf, has participated in the Development Finance Conference MOMENTUM 2025 in Riyadh.
During his participation in the session titled ‘Mapping KSA’s Economic Diversification,’ Vice Minister Alkhalaf emphasized that Saudi Vision 2030 is not simply a response to short-term economic challenges. Instead, he described it as a long-term, strategic decision aimed at transforming the nation’s economy.
The vision is designed to foster sustainable growth by creating diverse opportunities, attracting global investment, driving innovation, and ensuring financial stability for the future. It represents a comprehensive effort to reshape the Kingdom’s economic landscape, making it more resilient, dynamic, and competitive on the global stage.
Saudi Vice Minister of Finance: Empowering the Private Sector for Economic Growth
The Saudi Vice Minister said that Saudi Vision 2030 has worked to empower the private sector to be an effective contributor to job creation and support economic growth through structural and regulatory reforms, strengthened competition frameworks, and the implementation of entrepreneurship Initiatives.
Furthermore, Alkhalaf highlighted that the development framework, particularly the National Development Fund, plays a pivotal role in advancing Saudi Vision 2030. He explained that since its inception, the Fund has transformed development financing into a cohesive and strategic system, effectively channeling capital into projects that offer the greatest economic and social impact.
By aligning investment with key priorities, the National Development Fund ensures that resources are directed toward initiatives that drive sustainable growth and create lasting value for both the economy and society.
The Saudi Vice Minister concluded by stressing that the biggest factor in the rise in Foreign Direct Investment (FDI) in the Kingdom is the clarity and credibility of the vision, which has created a realistic and opportunity-rich environment for global investors.
