February 8, 2023

Minister of State for Foreign Affairs, Council of Ministers and Climate Envoy Adel bin Ahmed Al Jubeir said that the NEOM smart city will provide the Kingdom and the world at large with a new model of sustainable and environmentally friendly urban design.
During a dialogue session titled “Revolution of Urban Living” at the World Economic Forum today, he emphasized that the “Line” project will take the concept of smart cities and urban planning to another dimension, and that the “NEOM” project is a step towards creating an environmentally friendly a clean and sustainable city with a high quality of life and minimal traffic.
On the other hand, the Minister of Investment, Engineer Khalid Al-Falih, participated in the Dialogue Session “Reengineering Value Chains”, through which he explained the goals to be achieved under the Kingdom’s recently launched National Global Supply Chain Initiative and how to extract capitalize on the resources, infrastructure and geography of the Kingdom to increase the flexibility of local and global supply chains.
He said: “The Kingdom aims, by launching a national initiative for global supply chains, to increase our flexibility and enable the Kingdom to become a global hub, building on our strengths.”
In a panel discussion entitled “Industry and the World of the Metaverse,” Minister of Communications and Information Technology Engineer Abdullah Al-Sawaha said: “The current two-dimensional world we live in today is not keeping pace with the goals of twenty years. – the first century.

He added: “I am a big supporter of Metaverse, which will drive a new wave of amazing experiences for customers, businesses and industry. We will bring scientists, innovators and policy makers together in a pilot environment to ensure they work in a safe environment. for innovation.”
Regarding the Kingdom’s economy, Minister of Economy and Planning Faisal Al-Ibrahim confirmed at the World Economic Forum that the Kingdom is well positioned to exceed expected growth levels for 2023.
He said: “The Kingdom today is an example of global growth, as we achieved the fastest growth among the G20 countries last year, and if we look closely at the GDP, which grew by 8.5%, we can see that our non-oil activities and economy our private sector has achieved high growth rates.” Extremely”.
He also spoke at a panel discussion on global tax reform and said: “Since the announcement of the Saudi Vision 2030, we have focused on diversifying our sources of income from traditional sources in order to create sustainable revenues in the long term and also diversify our sources of economic growth. “.
In addition to the dialogue sessions, the Ministry of Economy and Planning announced a collaboration with UpLink, the World Economic Forum’s open innovation platform, to launch an innovative challenge to improve food security in drylands.
This collaboration is part of the Kingdom’s efforts to develop innovative solutions to the most important problems facing the world, as this challenge represents a global call for technical solutions to achieve food security.

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