RIYADH: Saudi minister of economic system and planning, Faisal bin Fadel Al-Ibrahim, mentioned the significance of investing within the Saudi youth in an unique interview with Arab Information.
The minister mentioned younger individuals are “the guardians of tomorrow’s economic system” and the important thing to driving the Kingdom’s financial transformation beneath Imaginative and prescient 2030.
“We’ve got a duty to make sure that younger individuals are geared up with the instruments and data to ship worth and impression on the tables of decision-making,” Al-Ibrahim mentioned.
With the youth making up the vast majority of the Kingdom’s inhabitants, the minister highlighted among the methods he believes Imaginative and prescient 2030 is opening new alternatives for youthful generations.
“Imaginative and prescient 2030 was designed to put the foundations for progress, bringing the Kingdom collectively on a journey in direction of a standard, affluent future,” he mentioned.
With their digital-native abilities, they will take our economic system in thrilling new instructions, as we proceed to speed up the Kingdom’s diversification, increase the expansion of our non- oil sector, and goal to turn out to be a high 15 world economic system by 2030.
Faisal bin Fadel Al-Ibrahim, Saudi minister of economic system and planning
“The brand new sectors being created by Imaginative and prescient 2030 present an unprecedented alternative for Saudi’s youth to drive the brand new economic system. With their digital-native abilities, they will take our economic system in thrilling new instructions, as we proceed to speed up the Kingdom’s diversification, increase the expansion of our non-oil sector, and goal to turn out to be a high 15 world economic system by 2030,” he added.
Al-Ibrahim mentioned that the work the Ministry of Economic system and Planning is presently doing contributes to the belief of Imaginative and prescient 2030.
He careworn the ministry’s dedication to serving to develop future economists, researchers, and coverage planners is steady, and can carry this work ahead into the Kingdom’s future.
“I’m continuously amazed by what our youth can do when they’re given the chance,” he mentioned.
“Empowering younger individuals to work on, and in the end spend money on themselves, will solely serve to strengthen our future labor market, increase productiveness and improve our world financial competitiveness,” he added.
Al-Ibrahim was a speaker on day two of the Misk World Discussion board that concluded on Thursday in a session titled “The Technology Remaking the World,” the place he mentioned the methods of empowering the youth and the Kingdom’s future leaders with the talents to navigate financial transformation inclusively and collaboratively.
“The power and dynamism that’s radiating from our younger individuals at present — which was on full show on the Misk World Discussion board 2022 — is inspiring. They’re our future and the guardians of tomorrow’s economic system. And we should spend money on them now to unlock the potential of the demographic dividend we’ve, with one of many world’s largest youth populations,” he mentioned.
The minister mentioned the significance of holding open discussions and gatherings to deal with world points from all views from the youth to older generations, such because the Misk World Discussion board.
“There may be great worth in opening your thoughts to younger power. Bringing completely different generational views to any problem solely enhances the options we’re in a position to design and execute,” he defined.
“As a nation, we’re designing insurance policies that work for all, in a discussion board that’s open to individuals from throughout the generational spectrum to contribute to. This sends a really clear message to our youth that there’s nothing stopping them from contributing meaningfully to the nation’s financial transformation,” he added.
The minister additionally highlighted his ministry’s function within the Kingdom’s ambitions for sustainability beneath the UN’s Sustainable Growth Cooperation Framework, signed in June this 12 months and operating till 2026.
“The Ministry of Economic system and Planning just lately established the Sustainable Growth Steering Committee to supervise efficiency and coordinate efforts towards reaching the 17 Sustainable Growth Targets,” he mentioned.
“It’s led by authorities specialists from the Kingdom who’re dedicated to making sure the profitable implementation of the nationwide SDG agenda,” he added.
“To additional improve our thrust in direction of SDG realization, we signed the UN Sustainable Growth Cooperation Framework in June to speed up joint efforts to ship progress on local weather and sustainability.”
The framework is among the fundamental instruments to map out cooperation between the UN and the federal government of Saudi Arabia in sustainability. A number of the 17 objectives the Kingdom is working with the UN to realize embrace gender equality, schooling, inexpensive and clear power, local weather motion, and sustainable cities and communities.
The framework is a joint effort between the Ministry of Economic system and Planning, the Ministry of Overseas Affairs, and the UN.
The minister concluded the interview with recommendation to the youthful generations of their roles in contributing to the Kingdom’s Imaginative and prescient 2030.
“Growing a problem-solving mindset is essential in at present’s socioeconomic local weather. And we’ve already seen clear proof that they’ve it,” he mentioned.
“Everybody rallied behind the trigger (throughout the COVID-19 pandemic) and responded to the second due to this sense of possession that got here with being concerned in it. The younger individuals of Saudi Arabia confirmed themselves to be up for the problem,” he mentioned.
“They’re confronted with a number of main challenges at present, they usually must develop resilience and agility to beat them.”