Vision 2030 is key ‘transition phase’ for Saudi economy, says Al-Jadaan

The Saudi Vision 2030 is a key “transition phase” of the Kingdom’s economy, Mohammed Al-Jadaan, Saudi Minister of Finance and acting Minister of Economy and Planning, said on his Twitter account.

The Saudi government introduced structural, economic and financial reforms over the past few years, launching several initiatives to diversify the economic base.

These reforms and programs contributed to strengthening the economy to weather the coronavirus crisis, Al-Jadaan explained, adding the financial sector finds much support from the Kingdom, as it contributes to bolstering economy.

Moreover, the resilience of the Saudi fiscal policy, in light of these reforms, enabled the government to take various measures to absorb shocks efficiently.

“The speech of Crown Prince Mohammed Bin Salman underlines the big steps taken by the Kingdom over the last few years in economic reforms, in line with Vision 2030, the key driver for implementing plans to build a bright future for the Kingdom,” Al-Jadaan added.