Fahd bin Abduljalil Al Saif expressed his deepest gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud - may God protect them - on the occasion of the issuance of the Royal Decree appointing him as Minister of Investment.
Al-Saif expressed his great pride in this precious royal trust, stressing in his statement: “This generous trust represents a badge of honor and a great national responsibility that requires exerting maximum efforts in serving the Saudi investment system and working diligently to translate the aspirations of the wise leadership into reality.”.
A key pillar of the Kingdom's Vision 2030
This appointment comes at a pivotal time as Saudi Arabia experiences unprecedented economic activity, with the Ministry of Investment playing a central role in achieving the goals of Vision 2030. The Ministry acts as a key driver for attracting foreign and domestic capital and facilitating the business environment, thereby contributing to diversifying national income sources and reducing dependence on oil. The National Investment Strategy, launched by His Royal Highness the Crown Prince, provides a clear roadmap for empowering investors and developing investment opportunities across various promising sectors.
Supporting leadership and empowering the investment system
The Kingdom's investment ecosystem enjoys unwavering support from Crown Prince Mohammed bin Salman, who is leading the largest economic transformation in the Kingdom's history. His Highness's directives have contributed to the launch of numerous high-profile initiatives, such as the regional headquarters program for global companies, special economic zones, and the development of legislation and regulations that have positioned the Kingdom as a competitive global investment destination. The appointment of specialized leaders in this area reflects the leadership's commitment to maintaining economic momentum and increasing the private sector's contribution to the GDP.
Enhancing global economic standing
The next phase is expected to witness intensified efforts to strengthen the Kingdom's position as a global logistics and investment hub connecting three continents. Building on strong leadership and the solid foundations already established, the new minister will work to open new horizons for international partnerships, attract high-quality investments that transfer knowledge and localize technology, and create sustainable job opportunities for citizens.
Al-Saif concluded his statement by praying to God Almighty to grant him success in living up to the expectations of the wise leadership, and to contribute effectively to advancing the development and progress of the nation, in order to achieve the ambitious goals of the vision that places the Kingdom among the economically and investment-wise advanced countries.
