Saudi Arabia Doubles Investment Returns, Achieving $200 for Every Dollar Spent: Al-Jadaan

KSA, 23 January, 2025 :  Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, announced at the World Economic Forum in Davos that the Kingdom has achieved $200 in investment returns for every dollar spent, doubling its original target of $100. Speaking at a session titled "Challenges of Emerging Economies," Al-Jadaan attributed this success to reforms under Vision 2030.

“These reforms were essential for economic flexibility and have significantly contributed to our achievements,” he said. The program to enhance government spending efficiency, launched in 2017, led to private investments growing by over 44% relative to GDP between 2017 and 2024.

Al-Jadaan emphasized the importance of efficient government institutions working with the private sector to achieve similar results globally. He noted that economic resilience initiatives, though not immediately boosting GDP, prove vital during crises. Saudi Arabia, he said, performed exceptionally well during the COVID-19 pandemic, with economic contraction less than half the global average and a swift recovery.

The Kingdom’s Vision 2030 has united all segments of society, with a focus on developing human capital and empowering its ambitious youth. “Mobilizing people behind Vision 2030 enabled us to achieve remarkable results,” Al-Jadaan added.