Friday 19 April 2024
 
»
 
»
HUGE TRANSFORMATION

Saudi future won't depend on oil: top envoy

WASHINGTON, April 22, 2016

Saudi Arabia is rapidly moving towards a future where the kingdom's economy is not dependent on oil, said Saudi Ambassador to the United States Abdullah Al-Saud in an article.

He detailed the extraordinary economic, social, and political modernisation taking place in the kingdom in an op-ed article today in USA Today, titled "Saudi ambassador: Kingdom in transformation."

The ambassador provided a long list of accomplishments and plans in areas ranging from health to technology to social development and entrepreneurship.

"For me, the transformation of the cities in my country has been nothing short of extraordinary," wrote Al-Saud. "Once small towns in the middle of vast expanses of desert, they are now filled with skyscrapers, connected by superhighways and modern airports; dotted with international universities, state-of-the-art hospitals, and major shopping centers; and bustling with every form of commerce from global enterprises to start-up companies."

The ambassador elaborated on transformations in the economy, society and foreign policy.

"When President Obama landed in Riyadh this week, he arrived in a Saudi Arabia that is rapidly moving toward a future where its economy is not dependent on oil," he said.

Al-Saud said economic investment will require a vibrant civil society that provides citizens with opportunities to participate in the decision-making process.

He said that there has been a transformation of Saudi engagement in foreign affairs in addition to economic and social change, as the kingdom takes more assertive leadership to promote stability, security and peace. "Where there has been a need, Saudi Arabia has stepped forward to provide the unwavering leadership and action needed to bring about peace and stability to the region and the world," he wrote.

The ambassador reminded his nation's critics of the fast pace of modernisation in the kingdom, saying: "When people judge Saudi Arabia, and sometimes quite harshly, they seem not to notice that the modern Saudi state is barely 84 years old.  In that short amount of time, we have gone from a desert kingdom to a modern country and a global leader." - TradeArabia News Service
 




Tags: Saudi Arabia | economy | transformation |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads