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Colony Capital: Saudi Arabia going through the "Renaissance"
Said that the Kingdom's Vision 2030 was beginning to become real
Thursday 6 Safar 1439 H - October 26, 2017
Arabic.Net
Said that the Kingdom's Vision 2030 was beginning to become real
Thursday 6 Safar 1439 H - October 26, 2017
Arabic.Net
" Saudi Arabia is going through a period that can be described in the Renaissance, thanks to the radical changes made by the Kingdom, in addition to the new decisions and projects that attract foreign investors ," said Capital Capital CEO Thomas Barak .
In an interview with Al Arabiya, Barak noted the great importance of the activities of the " Future Investment " initiative , with over 3,000 participants representing the most important international companies in various fields.
He described the radical changes taking place in the Kingdom as the new "beginning" of diversifying Saudi Arabia's economy and reducing its dependence on oil .
"The vision of the Kingdom of 2030 is no longer an intellectual exercise," he said.
He also referred to the "courageous" decisions and the radical changes that have created a positive "surprise" for all, pointing to the existence of huge job opportunities in the Kingdom.
"New steps have attracted foreign investors, including allowing them to invest, in addition to announcing huge multi-billion dollar projects no less important than oil and gas projects," he said.
He pointed out that Saudi Arabia has welcomed the foreign investor through several decisions including new legal and banking systems, praising the Kingdom's enjoyment of an ambitious youth generation looking forward to a digital future.
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