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FinancialNews


  • 22-01-23

    Saudi representatives at Davos talk about Kingdom’s expansion, advancement

    (MENAFN) Saudi Arabia’s NEOM smart city project is going to supply the nation, as well as the world, with an additional model for environmentally friendly and maintainable urban design, as said by Adel Al-Jubeir, the Saudi minister of state for foreign affairs and climate affairs envoy.

    While giving a speech on Friday throughout a panel talk named “The Evolution of Urban Life” at the World Economic Forum Annual Meeting in Davos, Switzerland, he informed delegates that NEOM shows a massive move forward in constructing environmentally friendly and maintainable town with an advanced quality of life and nearly no traffic congestion.

    The Line, a futuristic linear town with no streets, cars or emissions, which is part of the expanded NEOM project, is going to add a whole fresh dimension to the idea of smart cities as well as urban arranging, he continued.

    In the meantime, throughout a meeting on “Reorganizing Value Chains,” Khalid Al-Falih, the Saudi minister of investment, discussed around what the nation hopes to attain with its lately opened National Initiative for Global Supply Chains. He stated that it targets to grow the flexibility of domestic and worldwide supply chains “and to enable the Kingdom to become a global hub by taking advantage of our strengths.”

    Throughout a panel talk around “Industry and the World of Metaverse,” Minister of Communications and Information Technology Abdullah Al-Swaha asserted that “The current two-dimensional world we live in today does not keep pace with the goals of the 21st century.

    Abdullah Al-Swaha went further on to say, “I am a strong supporter of the metaverse, which will drive the next wave of amazing experiences for customers, businesses and industry and will bring together academics, innovators and policymakers in an experimental environment to ensure they work in a safe environment for innovation.”

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