Saudi Economy Minister Engages in Global Talks to Bolster Bilateral Ties and Economic Cooperation
Riyadh: Saudi Arabia's Economy Minister Seeks International Partnerships to Advance Vision 2030.
In a strategic effort to bolster bilateral economic relations and foster cooperation, Saudi Arabia's Minister of Economy and Planning, Faisal Al-Ibrahim, has embarked on an international outreach program.
This diplomatic push aims at enhancing the kingdom's global engagement and supporting its ambitious Vision 2030 initiative, which seeks to diversify the economy and reduce dependence on oil revenues.During his visit to New York, where the UN’s High-level Political Forum on Sustainable Development 2025 is taking place, Al-Ibrahim held a series of high-profile meetings.
One notable encounter was with Fitsum Assefa, Ethiopia's Minister of Finance, to explore avenues for economic collaboration between the two nations.
This includes discussions on bolstering bilateral trade, attracting investment, and fostering partnerships in sectors that align with Saudi Arabia’s diversification strategy.Moreover, Al-Ibrahim engaged in dialogue with Peter Szijjarto, Hungary's Minister of Foreign Affairs and Trade, focusing on strengthening trade relations and development cooperation.
These exchanges underscore the importance of strategic alliances as part of the kingdom's broader economic vision.Further discussions took place with Darragh O'Brien, Ireland's Minister for Climate, Environment, and Energy, along with his counterpart responsible for Transport.
The dialogue centered on enhancing economic policy coordination, improving trade relationships, and investigating investment prospects that can contribute to Saudi Vision 2030's objectives.Another significant meeting was held with Petr Kulhanek, the Czech Republic’s Minister for Regional Development.
This encounter covered topics such as regional infrastructure development, sustainable growth strategies, and potential collaborations aimed at broadening economic horizons.In addition, Al-Ibrahim met Beatriz Carles de Arango, Panama’s Minister of Social Development, to discuss areas of mutual interest including social protection strategies and investments in human capital.
These discussions reflect Saudi Arabia's commitment to advancing sustainable development initiatives that align with global standards and priorities.The minister also had the opportunity to engage with Mohammad Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Affairs Minister, where they discussed strengthening economic ties, enhancing public policy coordination, and fostering sustainable growth between their nations.
In a separate development, Al-Ibrahim met Larry Fink, the CEO of BlackRock, the world’s largest asset manager, to explore new avenues for investment in Saudi Arabia.
This interaction is indicative of the kingdom's efforts to attract strategic investments that can support its economic transformation goals.These international engagements are part of an ongoing effort by Saudi Arabia to redefine its global economic role and foster partnerships that contribute to the long-term sustainability and growth of its economy.
This diplomatic push aims at enhancing the kingdom's global engagement and supporting its ambitious Vision 2030 initiative, which seeks to diversify the economy and reduce dependence on oil revenues.During his visit to New York, where the UN’s High-level Political Forum on Sustainable Development 2025 is taking place, Al-Ibrahim held a series of high-profile meetings.
One notable encounter was with Fitsum Assefa, Ethiopia's Minister of Finance, to explore avenues for economic collaboration between the two nations.
This includes discussions on bolstering bilateral trade, attracting investment, and fostering partnerships in sectors that align with Saudi Arabia’s diversification strategy.Moreover, Al-Ibrahim engaged in dialogue with Peter Szijjarto, Hungary's Minister of Foreign Affairs and Trade, focusing on strengthening trade relations and development cooperation.
These exchanges underscore the importance of strategic alliances as part of the kingdom's broader economic vision.Further discussions took place with Darragh O'Brien, Ireland's Minister for Climate, Environment, and Energy, along with his counterpart responsible for Transport.
The dialogue centered on enhancing economic policy coordination, improving trade relationships, and investigating investment prospects that can contribute to Saudi Vision 2030's objectives.Another significant meeting was held with Petr Kulhanek, the Czech Republic’s Minister for Regional Development.
This encounter covered topics such as regional infrastructure development, sustainable growth strategies, and potential collaborations aimed at broadening economic horizons.In addition, Al-Ibrahim met Beatriz Carles de Arango, Panama’s Minister of Social Development, to discuss areas of mutual interest including social protection strategies and investments in human capital.
These discussions reflect Saudi Arabia's commitment to advancing sustainable development initiatives that align with global standards and priorities.The minister also had the opportunity to engage with Mohammad Ishaq Dar, Pakistan's Deputy Prime Minister and Foreign Affairs Minister, where they discussed strengthening economic ties, enhancing public policy coordination, and fostering sustainable growth between their nations.
In a separate development, Al-Ibrahim met Larry Fink, the CEO of BlackRock, the world’s largest asset manager, to explore new avenues for investment in Saudi Arabia.
This interaction is indicative of the kingdom's efforts to attract strategic investments that can support its economic transformation goals.These international engagements are part of an ongoing effort by Saudi Arabia to redefine its global economic role and foster partnerships that contribute to the long-term sustainability and growth of its economy.
