Saudi Arabia’s Prosperity Shines Bright in G20 Sphere

Saudi reforms extend beyond regional borders to the global stage via impactful G20 participation (Asharq Al-Awsat)
Saudi reforms extend beyond regional borders to the global stage via impactful G20 participation (Asharq Al-Awsat)
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Saudi Arabia’s Prosperity Shines Bright in G20 Sphere

Saudi reforms extend beyond regional borders to the global stage via impactful G20 participation (Asharq Al-Awsat)
Saudi reforms extend beyond regional borders to the global stage via impactful G20 participation (Asharq Al-Awsat)

Saudi Arabia holds significant importance within the G20 group due to its status as one of the world’s major economies. This prominence is primarily driven by its ambitious national transformation plan, Vision 2030, which is aimed at fostering the continued prosperity of its economy.

Simultaneously, Saudi Arabia commands a formidable presence in the energy sector, exerting both direct and indirect influence on global energy markets.

This influence is exemplified by its pivotal role in stabilizing oil prices and ensuring the stability of global energy supplies, a matter of paramount concern for G20 member nations.

Moreover, the Kingdom possesses regional geopolitical capabilities in the Middle East that enable it to address regional challenges and contribute to regional stability.

This has garnered significant attention in discussions within the G20 group concerning global security and political issues.

Saudi Arabia also plays a pivotal role in global investments and trade. Its participation in the G20 allows it to engage in discussions on international trade policies, investment opportunities, and economic cooperation.

Simultaneously, Saudi Arabia has made extensive contributions over the years, offering numerous solutions to global challenges addressed by the G20, including climate change, sustainable development, and global health issues.

In general, Saudi Arabia’s membership in the G20 reflects its economic and geopolitical significance on the global stage and its active involvement in addressing critical global issues.

Economic expert Fadel al-Buainain, a member of the Saudi Shura Council, highlighted that Saudi Arabia has emerged as one of the most committed nations to achieving sustainable development through its Vision 2030 initiative.

This visionary plan has had a profound impact on the Saudi economy, resulting in the highest growth rate among G20 countries at 8.7%, according to al-Bauinain.

“This remarkable growth has earned accolades from the International Monetary Fund, acknowledging the success of Saudi Arabia’s developmental and reform programs, which have yielded positive outcomes,” said the expert.

Al-Buainain emphasized that sustainable development is a crucial topic under discussion at the current G20 summit.

Al-Buainain also underscored that Saudi Arabia’s prosperity, developmental trajectory, and significant programs make it a shining beacon within the G20, serving as a model that can be followed in sustainable development plans.

This is particularly pertinent for developing nations in need of effective strategies and developmental programs to achieve sustainable development goals.



UAE President Tells Rubio Rejects Displacement of Palestinians

US Secretary of State Marco Rubio speaks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan as they meet at ADNEC Center Abu Dhabi in Abu Dhabi, on February 19, 2025. (AFP)
US Secretary of State Marco Rubio speaks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan as they meet at ADNEC Center Abu Dhabi in Abu Dhabi, on February 19, 2025. (AFP)
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UAE President Tells Rubio Rejects Displacement of Palestinians

US Secretary of State Marco Rubio speaks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan as they meet at ADNEC Center Abu Dhabi in Abu Dhabi, on February 19, 2025. (AFP)
US Secretary of State Marco Rubio speaks with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan as they meet at ADNEC Center Abu Dhabi in Abu Dhabi, on February 19, 2025. (AFP)

United Arab Emirates President Mohammed bin Zayed Al Nahyan told visiting US Secretary of State Marco Rubio on Wednesday that Abu Dhabi rejected any displacement of Palestinians, official media said.

Sheikh Mohammed "affirmed the UAE's firm position rejecting any attempts aimed at displacing the Palestinian people from their land", the Gulf state's WAM news agency said following a US proposal to take over the war-battered Gaza Strip and move its inhabitants.

It added that the president "stressed the need for the reconstruction of Gaza to be linked to a path leading to comprehensive and lasting peace based on the two-state solution".

The Abu Dhabi meeting covered a range of regional and international issues of shared concern, with a focus on developments in the Middle East and the Palestinian Territory and ongoing efforts to address the crisis in Gaza, as well as its implications for regional peace, stability, and security.

Sheikh Mohamed and Rubio also discussed cooperation between their countries, as well as ways to further deepen ties across various fields in pursuit of their joint interests.