Riyadh, January 6, 2025 — On Sunday, the Minister of Economy and Planning, Faisal Alibrahim, held an important meeting in Riyadh with Philipp Hildebrand, the Vice Chairman of BlackRock, to engage in discussions on pressing global economic developments and explore potential investment opportunities. The meeting highlighted the mutual interest of both parties in understanding the shifting dynamics of the global economy and the strategic measures that can be taken to foster economic growth and stability.
A key topic of conversation was Saudi Arabia’s ongoing efforts to diversify its economy in line with the ambitious goals of Vision 2030. Minister Alibrahim provided an in-depth overview of the Kingdom’s economic transformation plans, emphasizing the wide array of investment opportunities available in sectors such as renewable energy, technology, tourism, infrastructure, and healthcare. He discussed the critical role these sectors will play in reshaping the Saudi economy and the significant strides being made in creating a conducive environment for both local and international investors.
Hildebrand, in turn, shared insights on global investment trends and BlackRock’s commitment to identifying and leveraging new opportunities in emerging markets, particularly in regions undergoing significant economic transformation, such as Saudi Arabia. He expressed his confidence in Saudi Arabia’s Vision 2030 and highlighted the potential for further collaboration between BlackRock and the Kingdom as it advances its economic diversification efforts.
The meeting underscored the growing importance of international partnerships in driving economic progress and achieving long-term sustainability. Both sides reiterated their commitment to fostering stronger ties and enhancing collaboration in the global investment landscape, particularly as Saudi Arabia continues to position itself as a hub for innovation and investment in the Middle East.
