Riyadh, January 20, 2025 – Saudi Arabia’s participation in the Annual Meeting 2025 of the World Economic Forum (WEF) in Davos has been highlighted as a testament to the Kingdom's growing influence as one of the top 20 economies globally and a leader in the energy sector. Minister of Investment, Khalid Al-Falih, underscored that Saudi Arabia’s active involvement in the prestigious forum reflects its strong economic standing and the respect it commands on the international stage.
In a statement to the Saudi Press Agency (SPA), Al-Falih emphasized the Kingdom’s prominent position not only among Arab and Islamic nations but also in the broader global community. He stated that Saudi Arabia's participation at Davos underscores two pivotal elements of Saudi Vision 2030. First, it demonstrates the Kingdom’s unwavering commitment to engaging actively with the international community to strengthen and sustain the global economy. This engagement spans a multitude of sectors, ranging from energy and technology to finance, all of which are integral to fostering global growth and stability. Second, Al-Falih pointed to the Kingdom’s focus on expanding its investment landscape. This aligns with Saudi Arabia’s vision to diversify its economy, attract foreign investments, and drive its long-term development goals, which are backed by numerous national initiatives and programs, including the National Investment Strategy.
A major highlight of Saudi Arabia’s involvement in the WEF will be the upcoming Saudi House event, which aims to showcase the Kingdom’s transformative journey. According to Al-Falih, this event will offer an in-depth look at the country’s remarkable achievements in a variety of fields such as culture, innovation, tourism, and sustainability. It will also serve as a platform to present the abundant investment opportunities available in these key sectors, inviting global investors to explore new avenues for collaboration and growth. The event will also highlight how Saudi Arabia is evolving into a global hub for sustainable development, with a focus on green technologies and renewable energy, key aspects of the Kingdom’s Vision 2030.
Minister Al-Falih also stated that the WEF’s setting would provide Saudi Arabia with a unique opportunity to engage directly with major global investors, particularly those focused on the economic sectors that are central to the Kingdom's future growth. The forum will facilitate high-level meetings that aim to attract investment in areas critical to Vision 2030, including infrastructure, digital innovation, healthcare, and tourism. Saudi Arabia, Al-Falih noted, is increasingly recognized as the largest and most dynamic market in the Middle East and the Arab world, offering significant potential for investors looking to access not only the local market but also regional and global opportunities.
Additionally, Al-Falih emphasized that Saudi Arabia's active participation in the WEF will shed light on the factors that make the Kingdom an attractive and competitive environment for business and investment. The Kingdom’s strategic geographic location, at the crossroads of three continents—Asia, Africa, and Europe—offers unparalleled access to major global markets, making it a prime destination for multinational companies seeking to establish a presence in the region. Saudi Arabia’s infrastructure, world-class business environment, and ongoing efforts to streamline regulatory processes make it an increasingly competitive market for investors.
The Minister also highlighted that the forum would serve as a platform to showcase the remarkable progress Saudi Arabia has made under Vision 2030. This ambitious initiative aims to build a vibrant, sustainable, and diverse national economy, positioning the Kingdom as a key player in the global economic landscape. Saudi Arabia’s efforts to diversify its economy away from oil dependence, boost non-oil exports, and create a knowledge-driven economy are well underway, and the WEF will provide an opportunity to demonstrate the substantial strides the Kingdom has made in achieving these goals.
In conclusion, Saudi Arabia's participation in the World Economic Forum in Davos represents a significant moment in the Kingdom’s ongoing economic transformation. With a clear focus on enhancing investment opportunities, fostering international partnerships, and advancing sustainable development, Saudi Arabia is firmly positioning itself as a global economic leader, ready to contribute to a thriving and inclusive global economy. The upcoming Saudi House event will serve as an important milestone in this journey, offering a unique opportunity to engage with international stakeholders and showcase the Kingdom’s ambitious vision for the future.