Riyadh, Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper reported in its editorial that the Financial Sector Development Program (FSDP) is one of the programs for achieving the Kingdom’s Vision 2030, which was announced in April 2017, and approved by the Council of Economic and Development Affairs.
The paper said that the cabinet has affirmed, in its last session, the continuation of achieving the goals of Saudi Arabia vision 2030 towards empowering its financial sector to be among the largest financial centers in the world by the year 2030.
The paper concluded that Saudi Arabia has made several achievements in term of developing the financial sector, aiming to establish giant banking entities that will contribute to achieving the Kingdom’s vision.
Al-Eqtisadiah newspaper reported in its editorial that, in many occasions , the Kingdom of Saudi Arabia stressed its keen to diversify energy sources and expand the use of green energy.
The paper said that Prince Abdulaziz bin Salman, Minister of Energy, confirmed in his speech during at the “Do not forget our planet” conference on environmental sustainability, which was held last June, that the Kingdom of Saudi Arabia aims to produce 50 percent of electricity through renewable energy by 2030.
The paper added that, on another occasion this year, the Minister of Energy also confirmed that Saudi Arabia will expand the use of wind energy, in addition to producing hydrogen, applying the stages of a circular carbon economy, enhancing local content, innovation and development and artificial intelligence in the energy sector.
The paper further added that within the framework of this approach, Energy Ministers of the G20 countries adopted the proposal submitted by Saudi Arabia on a circular carbon economy platform and approach.
The paper concluded by emphasizing that this came as a part of Saudi Arabia’s effort to ensure the sustainability of energy supplies to the world, especially with the growing concern about carbon emissions.
Source: Saudi Press Agency