In detail .. the most prominent of what was stated in the Saudi -German round table meeting
Which aims to enhance bilateral relations between the two countries and to discuss ways of joint cooperation, with the participation of a number of larger sides.
The Saudi -German round table meeting
Al -Jadaan emphasized that Germany is a major economic partner for the Kingdom of Saudi Arabia, as the two sides have worked on the one that has grown over the years.
He also reviewed the most prominent aspects of the vision and its achievements, including the legislation that enabled the private sector to participate in the development process in order to achieve gains for all parties.
In this regard, the minister stressed that the Kingdom has worked on a number of reforms that represent engines for foreign direct investment, including updating the investment law and simplifying its regulations to enhance competitiveness.
Financial durability in Saudi Arabia
He noted that the Kingdom has a financial durability, which is a low percentage of debt to gross domestic product, with non -oil revenues continuing to grow, making it significant success signs of a solid economy.
He pointed out that non -oil activities reached 52% of the real GDP in the third quarter of the year 2024 AD, driven by investment and NGOs, and that the Kingdom has one of the fastest growing and development capital markets in the world.
He explained that the Saudi human capital and its experience in both traditional and renewable energy, and the industrial and industrial power of Germany are part of the continuous Saudi German relationship that contributes to achieving the targets of Saudi Vision 2030, as the Kingdom imports many German mechanical goods and vehicles.
Economic developments in Saudi Arabia
The meeting discussed the most important economic developments in the Kingdom of Saudi Arabia and the Federal Republic of Germany.
During which cooperation opportunities were also discussed between the private sectors in the fields of renewable energy, petrochemical, mining, health care, digital transformation, artificial intelligence, infrastructure, transportation, logistical services, financial services, especially tourism.
The Ministry of Investment, the National Consolies Center and the Financial Sector Development Program reviewed the most prominent achievements and available investment opportunities.
Explore new ways of cooperation
The Deputy Minister of Finance, Mr. Abdul Mohsen bin Saad Al -Khalaf, delivered a speech within the work of the meeting, during which he stressed the importance of cooperation in building strong economic and financial relations between the Kingdom of Saudi Arabia and the Federal Republic of Germany.
And that the meeting reflects the purposeful joint commitment to enhance the partnership between private sectors, investment partnerships, and explore new ways of cooperation that are not in the interest of the economies of the two countries only, but also help the whole world.
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