Abdulaziz Al-Issa writes: The 91st anniversary ... Achievements and challenges

Abdulaziz Al-Issa: Real Estate Finance

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The Kingdom’s 91st National Day, which falls on September 23 each year, is a day dear to the hearts of all citizens, On this occasion, we extend our congratulations to the government of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman—may God protect them—as well as to all the noble Saudi people.

We must draw lessons and insights from this anniversary, as it reminds us of the epic struggles led by His Majesty the Founder, King Abdulaziz bin Abdulrahman —may God have mercy on him—and his struggle, which resulted in the construction and unification of the Kingdom’s lofty edifice, paving the way for economic, political, and social achievements.

Although nearly a year and a half has passed since the onset of the COVID-19 pandemic, the Kingdom’s government, thanks to its strong will, has achieved great success in managing the pandemic crisis with professionalism, achieving numerous accomplishments and successes across all economic, development, and infrastructure sectors, despite the many challenges that accompanied this. These successes were made possible by the Kingdom’s Vision 2030 programs, which have garnered regional and international admiration and praise, most notably from the International Monetary Fund, which highlighted the Kingdom’s economic achievements and its continued recovery, as well as the subsequent ambitious reforms that have, to a large extent, met the aspirations of the Kingdom’s people.

This is in addition to the continued acceleration of digital transformation, which reinforces the shift toward a digital economy, as well as labor market reforms, which support increased market competitiveness and attractiveness, and consequently attracting highly skilled professionals, which in turn draws local and foreign investors and contributes to transforming the Kingdom’s market into a key regional hub.

Governments alone cannot build nations; therefore, it is essential to increase the private sector’s participation in construction and reconstruction, along with the need for citizens to respond to and support reforms by demonstrating greater cooperation, solidarity, and mutual support, to advance the various sectors of our beloved Kingdom, thereby strengthening its regional and global standing.