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Saudi Arabia Presents before Davos G20 Summit Priorities

Saudi Arabia Presents before Davos G20 Summit Priorities

Friday, 24 January, 2020 - 09:00
The World Economic Forum is holding its 50th annual meeting in Davos, Switzerland. (Reuters)

The World Economic Forum hosted on Thursday a session on Saudi priorities in the G20 Summit, which will be held in Riyadh in November.


Saudi Energy Minister Prince Abdulaziz bin Salman underlined the Kingdom’s openness to share its economic progress experience, especially in the energy fields.


He noted that his country attached great importance to climate issues and the need to reduce emissions, giving as an example the city of Neom, which he said would be an urban eco-friendly model.


Saudi Finance Minister Mohammed al-Jadaan, for his part, said that Saudi Arabia assumed the chairmanship of the G20 this year, amid several challenges facing the world, including geopolitical issues, climate change, technology problems and the volatility of foreign debts in countries of the world.


“We have new ways to study and benefit from technology, and we will focus on investing in the opportunities of the 21st century,” he told the participants.


Al-Jadaan continued that the world was becoming more interconnected, so are the challenges facing the countries.


“That’s why we must work together to face these challenges through international cooperation,” he remarked.


He noted that the Kingdom’s G20 plan was based on three main goals, which are empowering people, preserving the environment and the planet, and shaping new horizons by taking advantage of technology to serve the people of the world. He explained that one of the Saudi priorities during the G20 meeting was comprehensive financing and sustainable development.


Saudi Assistant Minister of Commerce Iman al-Mutairi emphasized the role of women in Saudi Arabia, saying that her country has engaged in serious reforms in this regard.


Also on Thursday, officials announced the next Middle East summit of the World Economic Forum (WEF) will be held in April.


“The next Middle East summit will be held in Saudi Arabia on April 5 and 6 this year,” WEF President Borge Brende told delegates.


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