BERLIN — Minister of Finance Mohammed Al-Jadaan participated in the Berlin Global Dialogue, which was held on October 1-2 at the European University of Management and Technology in the German capital along with a number of government officials and private sector leaders. Speaking at a session titled "How to Direct Private Investments toward Innovation and Industrial Transformation, Al-Jadaan explained that the most important factors for achieving sustainable development are long-term planning, stable and predictable industrial policies, and partnership between the public and private sectors. He pointed out the importance of continuing dialogue through multilateral institutions to provide the appropriate environment for discussing important global issues. The minister stressed the need to invest in the sustainability and strengthening of the multilateral trading system, which will contribute to reducing economic risks and challenges, with the importance of achieving fair growth among societies. "We cannot have prosperity in the world without an environment that supports innovation and technology and its sharing for all, especially with low-income countries and emerging markets," he pointed out. Al-Jadaan stressed Saudi Arabia's keenness to exploit its competitive advantage in technology to achieve gains that benefit Saudi Arabia and other countries. On the sidelines of the Berlin Global Dialogue, Al-Jadaan met with a number of government officials and major global investors to discuss ways of cooperation and partnership between them and Saudi Arabia to enhance its leading presence in various international events. This year's Berlin Global Dialogue is held under the theme "Promoting Consensus" and aims to provide a platform for communication and dialogue between government leaders, businessmen and academics from around the world, to discuss the economic challenges facing the world, and formulate appropriate policies and solutions to address those challenges.
