OFFICIAL REMARKS

The discussion highlights the Kingdom's significant initiatives in Africa, including a $1 billion philanthropic initiative from the Kasseratu Holy Mosque and a $5 billion investment from the Public Investment Fund (PIF) for diverse economic projects over the next decade. Additionally, $10 billion is allocated by the Saudi Importing and Exporting Bank for financing products. The private sector is expected to invest $25 billion in Africa in the coming years. The Kingdom is also addressing the sustainability of debts in African countries through global cooperation and frameworks like the G20. Efforts are made to enhance economic flexibility and financial stability, with contributions to international and regional monetary organizations. The Kingdom advocates for Africa's representation in global forums, emphasizing the importance of diverse opinions in shaping international policies.