Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, spoke in the discussion panel “How can economic diplomacy advance global cooperation?”, as part of his participation in the Future Investment Initiative (FII) forum in Riyadh, where he is heading Bahrain’s delegation.
Other speakers in the sessions were Piyush Goyal, India’s Minister of Commerce and Industry; Steven T. Mnuchin, Founder and Managing Partner of Liberty Strategic Capital; and Jean-Yves Le Drian, Chairman of the French Agency for AlUla Development (AFALULA).
The Finance Minister underscored that it was imperative to advance international cooperation and adopt innovative solutions and policies that foster comprehensive and sustainable economic growth for the benefit of all nations. He highlighted the importance of effectively leveraging available resources and developing conducive conditions to economic development, particularly through innovative digital infrastructure and artificial intelligence.
He commended Saudi Arabia’s efforts to increase foreign investments, noting a twentyfold growth since the forum’s beginning. He said this achievement contributes positively to the region’s economic development.
The minister emphasised the need for unified efforts to tackle economic and geopolitical challenges, as well as climate change, while proposing innovative solutions to achieve sustainable development goals. He noted that leveraging modern technologies is crucial for various vital sectors and emphasised the role of forming strategic partnerships and attracting foreign investment.
Shaikh Salman bin Khalifa also emphasised Bahrain’s commitment to creating promising opportunities for mutual benefit and enhancing economic growth through strengthened cooperation with other countries. He also highlighted the Comprehensive Security Integration and Prosperity Agreement between Bahrain and the United States, particularly in finance and investment sectors.
BNA(R)