Saudi Arabia is leveraging its technology to achieve both national objectives and global interests, as highlighted by a senior minister. At the Berlin Global Dialogue, Finance Minister Mohammed Al-Jadaan stressed the importance of strategic planning, consistent policies, and robust public-private partnerships for sustainable global growth.
Al-Jadaan’s remarks align with Saudi Arabia’s National Strategy for Data and Artificial Intelligence, which aims to position the Kingdom as a tech leader by 2030. He emphasized the necessity of an innovation-friendly environment, particularly for supporting low-income and emerging markets.
Investing in a strong multilateral trading system is vital to reduce economic risks and promote fair growth, Al-Jadaan noted. He advocated for active participation in global forums to tackle pressing issues.
Earlier this year, Al-Jadaan affirmed Saudi Arabia’s commitment to driving global sustainable development through its AI initiatives at a G7 finance meeting. A report by Strategy& Middle East projected a potential SR15 billion profit increase in Saudi Arabia’s tech sector by 2028 through generative AI.
During the Berlin event, Al-Jadaan engaged with international officials and investors to explore partnerships and enhance Saudi Arabia’s global role. He also met with German Finance Minister Christian Lindner to discuss strengthening bilateral relations.
The Berlin Global Dialogue, themed ‘Building Common Ground,’ addressed international cooperation amidst growing fragmentation and misinformation. The German government introduced the next phase of the Green Guarantee Group to mobilize private investment in sustainable projects, highlighting innovative financial tools to reduce investor risks.