Riyadh at the center of an economic renaissance

Riyadh at the center of an economic renaissance

The Future Investment Initiative (FII), nicknamed “Davos in the Desert,” last week clearly showed the world's confidence in Saudi Arabia's economy, stability, and ability to achieve the goals and strategies of Saudi Vision 2030.With the ability to achieve those goals and strategies not only in normal times, Saudi Arabia is also capable of responding to other crises promptly despite the economic challenges the world is facing.The most difficult challenge for the Kingdom is the pandemic, but despite the transformations it is experiencing, the Saudi economy consistently shows that it can weather economic challenges. In its fourth year, the FII has strengthened its place in the world economy. It has been able to do so by virtue of the fact that it no longer merely foresees the future, but also draws a roadmap for a new global economy shared by the leaders of global politics, economics, and businessmen.The fact remains that the Saudi economy is strong and has made itself a strategic partner for many leading economies. Saudi Arabia is on a serious roll with its strong economic renaissance, with the world on the threshold of the so-called Fifth Industrial Revolution and the fourth soon fading into the past. The Kingdom's