Al-Jadaan: Saudi investments in alternative routes safeguard energy supplies and trade flows
BANGKOK — Finance Minister Mohammed Al-Jadaan affirmed that Saudi Arabia’s investments in alternative routes have helped ensure the continuity of energy supplies and trade flows amid the regional uncertainty and shipping disruption. He stressed that economic resilience depends on diversifying sources of economic strength, safeguarding the foundations of growth, and strengthening the capacity to…
Finance Minister Mohammed Al-Jadaan highlighted Saudi Arabia's strategic investments in alternative routes to ensure a steady flow of energy supplies and trade, despite regional uncertainties and shipping disruptions. Speaking at the G20 Finance Ministers and Central Bank Governors meeting in Bangkok, he emphasized the importance of diversifying economic strengths to bolster growth and improve resilience against recurring disruptions.
Al-Jadaan stressed that effective international cooperation and robust infrastructure are crucial in maintaining economic stability and managing price pressures. He explained that the Kingdom's investments in alternative shipping routes reflect the critical role of infrastructure and supply chains in mitigating the impact of disruptions on markets and global trade.
Managing economic shocks requires a balanced approach that focuses on economic diversification, energy and food security, and the strengthening of supply chains. The minister also addressed the growing role of artificial intelligence in economic policy, emphasizing the need for adaptable policies that foster long-term growth. Al-Jadaan emphasized the vital role of multilateral financial institutions in assisting vulnerable economies through financial and technical support.
During his visit, he engaged with various ministers and international financial experts to discuss global economic trends and strategies for maintaining stability, further underscoring Saudi Arabia's commitment to international economic dialogue.
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