Saudi Minister of Economy and Planning, Faisal bin Fadhil Alibrahim, played a prominent role in the 2023 United Nations COP28 climate-change summit, engaging in a fireside chat alongside New Development Bank President Dilma Rousseff. The session, titled "Unlocking the Fiscal Space to Finance Climate Action," underscored the significance of impactful investments for sustainable growth. Alibrahim emphasized the Kingdom's achievements, citing a 50% growth in growth rates during Vision 2030 and a 20% expansion in the non-oil economy. He highlighted the role of education in strengthening institutions, emphasizing Saudi Vision 2030 as a blueprint for economic diversification, youth empowerment, and institutional robustness. The ministry's participation aligns with the Kingdom's commitment to U.N. sustainable development goals, showcasing responsible economic development prioritizing the environment.
