His Excellency the Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih explained that the presence of the Kingdom of Saudi Arabia since 2008 as one of the main members of the <a style="color: #800000;" href="https://amlak.net.The G20 Summit came in recognition of its political and economic power and influence, its ability to influence global economic policymaking, its distinctive and influential initiatives in achieving the Group's goals, as well as its pivotal role in ensuring the stability of the world's energy markets.
His Excellency said in a statement to the Saudi Press Agency on the occasion of the Kingdom's participation in the 2023 G20 Leaders Summit held in India: The Kingdom is participating in the 18th Summit of Heads of State and Government of the Group of Twenty (G20), within a large government delegation headed by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, who is leading an agenda with international economic and developmental dimensions, which confirms the high status and leadership position occupied by the Kingdom and its wise leadership - may God support it - in the region and the world.

The participation of the Ministry of Investment in the G20 Summit in India confirms the Kingdom's interest in Stimulate mutual investments with the world, and highlight the Kingdom's distinguished investment environment, adding that the Republic of India focuses its G20 presidency this year on the theme "One Earth, One Family, One Future“, and the philosophy of its slogan is based on the value of all forms of life, human, animal, plant and microorganisms Noting the Kingdom's pivotal role in achieving the goals of environmental protection through the launch of many regional and international programs and initiatives, most notably the Green Saudi Arabia and Green Middle East initiatives, and His Highness the Crown Prince launched many related initiatives such as the NEOM and Red Sea projects, among others.
He noted the importance of technological transformation and digital infrastructure in the progress and prosperity of countries, which encouraged India to prioritize it during its presidency this year, addressing the Kingdom's advanced positions in the global indicators of digital transformation, quality of life, and quality of digital infrastructure, in addition to its global progress in the field of digital government, achieving its highest historical result in the e-government development index - in indicators issued by the United Nations - in addition to its progress globally in the field of digital government.The Kingdom ranked 31st in 2022, 12 places higher than in 2020, and ranked 27th out of 193 countries in the Telecommunications Infrastructure Index in 2022, thanks to the efforts made to make the Kingdom a leading model in the provision of digital services.
Engineer Al Falih praised the remarkable progress achieved by the Kingdom's investment environment under the reforms of Saudi Vision 2030, where the Kingdom ranked 6th in the Global Competitiveness Index for economic performance in 2023, and 13th in the Global Competitiveness Index for business efficiency issued by the International Institute for Management Development, and became among the best internationally in global competitiveness strategies, through proactive improvements and initiatives and the use of technology and data to enhance the competitiveness and attractiveness of the Kingdom.

Al-Falih said: ”We do not overlook here the Kingdom's successful leadership of the virtual extraordinary summit during the G20 Summit in 2020, under the presidency of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - at which time the world witnessed critical health and economic conditions due to the Corona pandemic, and the Kingdom contributed ably in leading the global recovery efforts from the repercussions of that pandemic, and the follow-up of His Highness the Crown Prince - may God protect him - to implement the initiatives of the group launched in the year of the Kingdom's leadership on an ongoing basis reinforces the commitment to support the integration of the tracks, themes and targets of the Riyadh summit and the targets, themes and tracks of the following summits,“ Al Falih said. He concluded his statement by emphasizing that the Kingdom has proven its effective contributions since joining as a key member of this group to enhance cooperation and work with all member countries to achieve the reforms needed by the global financial system, stabilize financial markets, strengthen regulatory and risk management procedures, apply standards of integrity and transparency, support the future investment process and enhance investment partnerships in order to ensure the stability and growth of the global economy.