[Economie] An American report praises the Saudi investment strategy.. It will be reflected internally on the labor market

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Ajel electronic newspaper
An American report praises the Saudi investment strategy.. It will be reflected internally on the labor market
contactus@ajel.sa (Urgent Newspaper) 10 hours ago

© Available by Ajel online newspaper
On the sidelines of the launch of the National Investment Strategy, the Kingdom pledged to pump about $7.2 trillion into its local economy until 2030.

His Royal Highness Prince Mohammed bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defense, said that the Kingdom aims to reach the list of the 15 largest economies in the world by 2030.

Saudi economic analyst Mubarak Al-Ati said: "There is no doubt that Saudi Arabia possesses huge economic and investment capabilities that qualify it to be a global economic engine."

In his interview with Al-Hurra channel, he added that Saudi Arabia has all the capabilities to become an important platform for international investment, especially because of its capabilities and depth in Arab economic relations, noting that these plans will be internally reflected on the labor market, especially in light of the presence of a large group of young people and their leaders. Underutilized human money.

Al-Ati continued: "The Saudi plan to attract investments means turning the Arab region into an important economic magnet, which will be reflected in economic development in the Arab region as a whole."

For his part, economic analyst Mahmoud Dagher said that Saudi Arabia sensed in advance the importance of the post-oil phase, which prompted it to find various alternatives to the economy.

Dagher added, during his interview with Al-Hurra TV, that the national investment strategy "will reflect positively on the Saudi economy by expanding its absorptive capacity, stimulating growth, and expanding opportunities to attract foreign investment."

He continued, "This strategy will ignite the fuse of competition in the region, regionally and Arably, because foreign flows are important to everyone, and therefore it is noted that the Gulf countries and other Arab countries are rushing to adopt long-term investment plans."