Riyadh, October 26 (BNA) Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa affirmed the Kingdom of Bahrain’s keenness to diversify its economic foundations and move from a consumer economy to a productive one. He referred to the continuous development of skills and experiences to achieve the expected goals and aspirations in light of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa, and the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. Minister.
This was stated by the Minister of Finance and National Economy during his participation in a dialogue session on financing and decisions affecting globally. The session was held within the framework of the second day program of the sixth edition of the Future Investment Initiative, which is being held in Riyadh, Saudi Arabia, under the slogan “Investing in Humanity – Enabling a New World Order”. Also participating in the session were Saudi Finance Minister Mohammed Al-Jadaan, former US Treasury Secretary, founder of Liberty Strategic Capital and managing partner Steven Mnuchin.
The Minister of Finance and National Economy pointed to the importance of uniting all efforts to reduce the effects of inflation and face the challenges of global supply chains that led to the rise in energy and food prices. He also stressed the importance of providing adequate financing to deal with climate changes, reduce carbon emissions, and support various sectors that promote economic growth, including the non-oil sectors. He also stressed the importance of taking advantage of the available opportunities to build a strong and sustainable economy based on diversity in the production process.
In this regard, the Minister of Finance and National Economy valued the initiative of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, to launch the Global Supply Chain Initiative, which is an important initiative. For all countries around the world to participate in it and ensure support for efforts to support supply chains in these countries and the region.
The minister pointed to the repercussions of the slowdown in economic activities in several countries around the world, in addition to the financial challenges faced by some countries due to the bad impact of the Corona virus epidemic on a number of economic sectors. He pointed out the importance of continuing joint efforts to confront these challenges and maintain development. He praised the continuous economic growth in the Gulf countries despite global challenges, thanks to the wise visions of their leaders and the efficiency of their national cadres.
The Minister of Finance and National Economy emphasized Bahrain’s success stories in facing all the challenges posed by the coronavirus pandemic, thanks to the dedication of its national cadres and its high sense of patriotism. He referred to the efforts of the Bahrain team headed by His Highness the Crown Prince and the Prime Minister in taking proactive and proactive measures to combat the epidemic and meet the requirements of economic development.
It should be noted that the Future Investment Initiative aims to take advantage of investment opportunities to accelerate economic development, support sustainable investment, and stimulate creativity and innovation to meet various challenges. It also aims to shed light on the emerging sectors that contribute to the future of the global economy.
AOQ