Dubai PR Network, Online Press Release from Dubai and Middle East
 
Events and Exhibitions(Events & Exhibitions)
Filter PR by
  

Saudi Delegation Highlights Kingdom's evolving Global Growth story at World Economic Forum

 
Saudi Delegation Highlights Kingdom's evolving Global Growth story at World Economic Forum

20 January 2023 – Saudi Arabia’s smart city NEOM offers a new model for environmentally-friendly and sustainable urban design, both for the Kingdom and the world, Saudi’s Climate Envoy told the World Economic Forum (WEF) today.
 
During a panel session titled ‘The Evolution of Urban Life’, His Excellency Adel bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs and Climate Envoy for Saudi Arabia, said: “[The Line] will revolutionize the way people look at cities and urban planning. NEOM is an attempt to create a city that is environmentally friendly, sustainable, that has a very high quality of life, that has virtually no traffic.”
 
His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Investment, participated in a session called ‘Reshuffling Value Chains’. He described how Saudi Arabia’s supply chain initiatives will leverage the Kingdom’s resources, infrastructure, and location to enhance local and global supply chain resilience. 
 
“In Saudi Arabia, we launched the Global Supply Chain Resilience Initiative (GCSRI), to not only strengthen our resilience but also enable the Kingdom to become part of the global multi-hub system, while playing to our strengths.”
 
During a session titled Deployment in the Industrial Metaverse, His Excellency Abdullah bin Amer Alswaha, Minister of Communications & Information Technology, said: “The current 2D world that we live in today is not fit for purpose in the 21st century. 
 
“I'm a big advocate of the metaverse, which is going to be the next wave of how immersive experiences work for consumers, enterprises, and industry. We are bringing together academics, innovators, policymakers and regulators into a sandbox to make sure that they have a safe environment to innovate.”
 
His Excellency Faisal F. Alibrahim, Saudi Arabia’s Minister of Economy and Planning told the WEF audience the Kingdom is set to surpass projected growth rates for 2023.
 
“Saudi is becoming the global growth story. We had the strongest growth in the G20 last year and if you look more closely at the 8.5 percent GDP growth figure, you will see that our non-oil activities and our private sector grew at a very high rate,” he said.
 
Earlier, Alibrahim addressed a panel on global tax reform, where he said: “Under Saudi Vision 2030, we have been focusing on detaching ourselves from traditional sources of revenue, with our economic diversification, to think about more long-term sustainable revenue generation, but also diversifying our sources of growth.”
 
In addition to the panel sessions, the Ministry of Economy and Planning for Saudi Arabia joined forces with WEF’s open innovation platform UpLink to launch a challenge designed to enhance food security in countries with arid climates. The Food Ecosystems and Arid Climates Challenge is a global call for technology solutions to food insecurity.

 


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 14206 times
PR Category : Events & Exhibitions
Posted on : Saturday, January 21, 2023  11:04:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Discussed and On Display: Digital Innovations and Protective...
Next Story : Winners Light Up the Night at Light Middle East Awards 2023
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Tokyo E-prix Winner Max Gunther Eager to Challenge for Formula E Title [22189-Views]
Formula E to Use Latest Sustainable Tech to Power its Events Worldwide [20447-Views]
Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre [19590-Views]
Bremont introduces a new generation of its Supermarine diving watch series [16908-Views]
Malabar Gold & Diamonds unveils exciting offers ahead of the long Eid Holidays [15945-Views]
Make your Vishukkani last forever Tanishq Launches Exclusive Vishu Collection [11500-Views]
Cigna Healthcare Organizes Health Checks for Hundreds of Workers. [10717-Views]
Panasonic Encourages Families to 'Share The Taste Of Togetherness' This Ramadan [10061-Views]
Pom Pom Dot Pomellato's feel-Good Jewels [9696-Views]
UAE Ministry of Finance Showcases Social Solidarity During the Holy Month of Ramadan [9164-Views]
Al Masaood Automobiles Rolls Out Nissan's Six-Month Warranty Campaign on Genuine Spare Par... [8253-Views]
Arabian Automobiles Revs Up the Market with Competitive Renault Offers [7683-Views]
Enjoy free entry and family-friendly activities this Eid at Emirates Park Zoo and Resort o... [7101-Views]
Danube Group opens new majestic mosque in Dubai Studio City [6982-Views]
HE Al Owais: Enhanced Health Sector Efficiency Boosts UAE's Leading Position in Global Hea... [6929-Views]
Win an all-inclusive 3-day trip to the Maldives and enjoy spectacular entertainment this E... [6835-Views]
Union Coop Allocates 3 Promotions for ‘Eid Al-Fitr' [6708-Views]
Arabian Center partners with Rawafed Centre & UAE Red Crescent to spread joy this Eid Al F... [6654-Views]
Abdullah bin Zayed chairs ADFD's Executive Committee meeting [6572-Views]
Ramadan Memories To Be Made - Gather Together With Family And Friends This Ramadan In Duba... [6503-Views]
Embark on an Unforgettable Escape this Eid Al Fitr at Four Seasons Resort Maldives at Land... [6490-Views]
Hysek unveils Furtif 37mm: A bold expression of originality in an ultra-contemporary desi... [6228-Views]
Biometrics Holds The Key To Smarter Digital Travel [5957-Views]
Fia Member Clubs & Sport Federations Of America Express Full Support To Fia President Moha... [5953-Views]
Mattar Al Tayer issues decisions to form committees for the Mohammed bin Rashid Al Maktoum... [5830-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories