Latest news with #Aljadaan
Saudi Gazette
10-07-2025
- Business
- Saudi Gazette
Finance minister highlights private sector role in resilience at WEF roundtable
Saudi Gazette report RIYADH — Saudi Minister of Finance Mohammed Aljadaan participated on Thursday in a high-level virtual roundtable of the Resilience Consortium, an initiative led by the World Economic Forum (WEF) aimed at enhancing global economic resilience amid escalating global challenges. The meeting brought together ministers, CEOs, and heads of international organizations to examine the private sector's critical role in strengthening resilience, spurring innovation, and promoting sustainable growth, particularly in emerging markets. During the session, Aljadaan stressed the importance of expanding private sector engagement to accelerate development goals, boost GDP, and create a more attractive climate for investment. 'Investing in e-government services is not merely a modernization effort,' Aljadaan said. 'It is a vital step toward building a transparent, efficient ecosystem where the private sector can thrive. Our economic transformation is anchored in strong partnerships.' The finance minister highlighted the Kingdom's new Investment Law, which aims to level the playing field for investors, streamline regulatory processes, and enhance investor also emphasized the value of targeted public investments in high-potential sectors, saying such initiatives act as catalysts for attracting private capital and accelerating by the WEF in 2022, the Resilience Consortium brings together leaders from governments, businesses, and global institutions to strengthen economic systems against rising risks including climate change, pandemics, and geopolitical uncertainty.
Leaders
19-06-2025
- Business
- Leaders
Finance Minister Wraps Up OPEC Fund Engagements
Minister of Finance Mohammed Aljadaan concluded his participation in the OPEC Fund Development Forum and the 46th Meeting of the OPEC Fund Ministerial Council, held in Vienna, Austria, from June 17 to 18, 2025. The events gathered ministers, global leaders, and heads of multilateral development finance institutions to explore strategies for addressing global challenges. The forum's opening session underscored the importance of inclusive, equitable, and sustainable transitions in global development. Discussions focused on the role of strategic finance, innovative policy-making, and enhanced international cooperation—particularly through South-South partnerships—in advancing global progress. In his remarks, Aljadaan stressed that energy security is essential—not a luxury—for achieving development and inclusive growth. Its absence, he noted, undermines key sectors such as healthcare, education, economic productivity, environmental sustainability, water access, and food security. Amid rising geopolitical tensions, market volatility, and growing global energy demand, Aljadaan called for urgent action to diversify energy sources and expand investment in clean and emerging technologies, including Carbon Capture, Utilization, and Storage (CCUS). He also advocated for innovative financing mechanisms to accelerate energy access and reinforce long-term energy security. Reaffirming Saudi Arabia's commitment to global energy cooperation and climate action, Aljadaan highlighted the Kingdom's goal to generate 50% of its electricity from renewable sources by 2030 and achieve net-zero emissions by 2060 under the Circular Carbon Economy framework. OPEC At the 46th Ministerial Council Meeting, Aljadaan praised the OPEC Fund's strategic vision and its alignment with global development priorities, including the Sustainable Development Goals (SDGs) and food security. He also commended the fund's adaptability in navigating market fluctuations, ensuring continued support to countries and communities in need. As the Fund's highest governing body, the Ministerial Council convenes annually to review and approve audited financial statements, annual reports, and other key matters. These sessions are held either at the Fund's headquarters or at a location designated by the Council. Related Topics : OPEC+ Nations Adjust Production Strategy for Market Stability SFDA Reports Record 82% Surge in Licensed Factories, Warehouses in 2024 Is wheat harmful to the intestine? SFDA clarifies the truth SFDA: National Biotechnology Strategy Highlights Saudi Leadership in Medical Innovation Short link : Post Views: 32
Saudi Gazette
23-05-2025
- Business
- Saudi Gazette
Aljadaan outlines Saudi priorities at IsDB Annual Meetings in Algiers
Saudi Gazette report RIYADH — Minister of Finance and Saudi Arabia's Governor at the Islamic Development Bank (IsDB) Group, Mohammed Aljadaan, led the Kingdom's delegation to the IsDB Group's Annual Meetings held in Algiers from May 19 to 22. Held under the theme 'Diversifying Economies, Enriching Lives,' the meetings focused on advancing economic transformation and improving living standards across IsDB member countries, the Ministry of Finance said in a statement. During the general session of the IsDB Board of Governors, Aljadaan addressed the group's strategic framework for 2026–2035, describing it as a foundational roadmap for institutional performance in the coming decade. 'We all recognize that the success of this ambitious vision is closely tied to the establishment of clear and practical mechanisms for measuring development impact,' Aljadaan said. 'An integrated system of indicators will ensure transparency, accountability, and effective monitoring of implementation plans.' In a Governors Roundtable Meeting titled 'Bridging the Gap: Multilateralism, Changing Trade Dynamics, and the Future of Development Finance,' Aljadaan highlighted the IsDB's key role in driving economic growth, regional integration, and fostering intra-trade and joint investment among member states. He called for greater synergy and coordination among IsDB-affiliated institutions. He also urged support for structural reforms to ensure fiscal sustainability and economic stability in the medium and long term, while reinforcing trust in multilateral institutions through enhanced efficiency and inclusivity. Aljadaan also took part in the High-Level Roundtable to operationalize the Riyadh Global Drought Resilience Partnership (RGDRP), stressing the urgent need to address the impact of drought, particularly in vulnerable regions like Africa and the Middle East. 'Drought is no longer a seasonal anomaly—it is a structural threat affecting 1.84 billion people globally, nearly 5% of whom face extreme conditions,' he said. 'Through the RGDRP, Saudi Arabia is reaffirming its Vision 2030 commitment to protect people, restore ecosystems, and foster shared prosperity.' The IsDB Group's Annual Meetings serve as a platform for international leaders, policymakers, and development experts to collaborate on advancing sustainable development, sharing knowledge, and addressing global economic challenges.
Asharq Al-Awsat
07-04-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Concludes Third IMFC Deputies Meeting
The Kingdom of Saudi Arabia concluded the third deputies meeting for the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC), which was held under the Saudi chairmanship in Diriyah on April 6-7, and co-organized by the Ministry of Finance and the IMF. During his opening speech, Minister of Finance Mohammed Aljadaan praised the efforts of the IMF's leadership and the members of the IMFC in guiding the IMF during challenging times. He also emphasized the importance of collaboration to ensure global financial stability and strong, inclusive economic growth. "The IMF has shown resilience by adapting to the ever-changing global landscape," Minister Aljadaan said. In her opening speech, Managing Director of the International Monetary Fund Dr. Kristalina Georgieva expressed her gratitude for Saudi Arabia's ongoing and robust support for the IMF and the strong leadership of the IMFC, SPA reported. "Amid significant global policy changes, the IMF's mission to foster macroeconomic and financial stability remains just as essential as it was 80 years ago. Our 191 member countries can rely on the IMF as a trusted advisor," she said. The IMFC deputies discussed several topics during the high-level discussion sessions, including ways to enhance global financial stability and inclusive development. They addressed the challenges facing the global economy due to uncertainty in trade flows and its impact on capital in both advanced and developing economies. Emphasis was placed on the effect of high debt levels on investments in infrastructure and jobs and the opportunities and risks arising from technological and demographic shifts. Additionally, they discussed the IMF's role in supporting countries through financial stability programs and coordinating regional financial arrangements.
Zawya
14-02-2025
- Business
- Zawya
Saudi Ministry of Finance and IMF prepare to launch AlUla conference for emerging market economies
RIYADH, Saudi Arabia/PRNewswire/ -- The AlUla Conference for Emerging Market Economies, organized jointly by the Saudi Ministry of Finance and the International Monetary Fund (IMF), kicks off next week February 16-17, 2025 in AlUla, Kingdom of Saudi Arabia. The annual high-level event is a prominent global platform aimed at promoting dialogue and cooperation regarding the economic challenges facing emerging markets, in the context of structural transformations of the global economy, by bringing together decision makers, prominent economists, and experts from around the world. His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, said the conference would be a unique platform for the exchange of knowledge, fostering informed decision-making and advancing policy discussions. It will provide an opportunity to engage on regional and global economic developments and to discuss policies and reforms aimed at promoting prosperity and resilience. This underscores the Kingdom's strong partnership with the IMF, and comes less than a year after the IMF established its regional office in Riyadh, to support the region's economies by providing technical assistance which contribute to achieving sustainable development for those countries. Minister Aljadaan said the conference will discuss the economic challenges facing emerging markets and developing economies, including sluggish growth, constrained fiscal space, and rising financing needs while public debt is elevated. It will contribute to the provision of effective solutions to deal with these challenges. In addition, he said the Conference would highlight opportunities for emerging markets and developing economies to enhance cooperation and improve their economic growth and resilience. Her Excellency the Managing Director of the IMF, Dr. Kristalina Georgieva, said "The inaugural AlUla Conference for Emerging Market Economies comes at a time of significant economic transformations. The Conference provides an important platform to bring together policymakers, the private sector, and key stakeholders to discuss ways in which emerging market countries can seize the opportunities of these economic transformations, lift up their competitiveness, and enjoy strong private sector-led growth". "The joint Conference is a reflection of the deepening partnership between Saudi Arabia and the IMF, where Minister Aljadaan serves as Chair of the International Monetary and Financial Committee (IMFC). This partnership is rooted in a common goal of building vibrant and resilient economies." Dr. Georgieva added. The Conference will include several key sessions and themes, including monetary and fiscal policies concerning emerging markets and developing economies, the importance of those policies for macroeconomic and financial stability, and innovative solutions to sovereign debt management. It will also address the role of modern technology and artificial intelligence in supporting economic development.
