Saudi Arabia host a Dialogue Session “Future of Riyadh” Within FII Activities

Saudi Arabia's Energy Minister Khalid al-Falih

Within the activities of Future Investment Initiative (FII), a dialogue session entitled “The Future of Riyadh” was held on Thursday with the participation of the Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih and CEO of the Royal Commission for Riyadh City Fahd bin Abdulmohsen bin Saleh Al-Rasheed.

The session was chaired by FII CEO Richard Attias.

The Minister of Investment stated that the investment environment that is being set includes legislative reforms, the establishment of (20) special economic zones, six of which will be in Riyadh, in addition to the financial centers that will host international companies and economic zones dedicated to digital, creative and logistical matters, all of which will be supported by a legislative and regulatory environment that is attractive to investors, so that it reduces the risks of doing business to become more competitive in the Kingdom.

Al-Falih emphasized that the financial sector in the Kingdom is among the strongest financial sectors in the G20, as it dealt with the repercussions of the crisis caused by the coronavirus (Covid-19) pandemic with flexibility and demonstrated its superior ability to deal with crises, promoted investor confidence and provided health care to citizens.

For his part, Al-Rasheed praised the development efforts being undertaken by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in the city of Riyadh when he was governor of the region and “what I witnessed from the completion of many infrastructure projects for more than 55 years.”

He talked about the strategy of developing the city of Riyadh that its features which were revealed by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, in a session entitled “The Future of Riyadh” within the sessions of PII, which will be announced after a few months and will contribute to a major change.