SAMA's governor, Dr. Ahmad Al-kholifey, congratulates the custodian of the two holy mosques King Salman bin Abdulaziz Al Saud on the fourth anniversary of his assumption of power. Al-kholifey emphasized that this occasion is precious and joyful to all citizens. He referred to the wise leadership of the custodian of the two holy mosques and his keenness on the progress and development of his people in all regions and to achieve justice and equality and fighting corruption, all of which are derived from the book of god 'Quran' and Suna.
He added that the kingdom in his time has witnessed the launch of the kingdom vision 2030 and its strategic programs and goals to fulfill the vision, and a number of economic reforms that were taken to achieve economic development leaps both in the medium and long term. Reforms aim to diversify the productive base of the economy and find sustainable solutions to the labor market in the kingdom that will support the achievement of inclusive and balanced economic growth, as well as enhance the capacity of the kingdom's economy to adapt to the development of oil market. In addition, these reforms attempt to raise the efficiency of government spending and to diversify and create sustainable sources of income, which in turn contributes to the promotion of sustainable economic growth.
On this occasion, Al-kholifey stressed that the Saudi Arabian Monetary Authority (SAMA) is working in its full capacity to fulfill its tasks efficiently based on the objectives and roles assigned to it, in line with the requirements of the development and economy's needs. It is also in constant coordination with the relevant authorities to achieve the vision of the kingdom 2030 and its executive programs, enhance cooperation and overcome obstacles related to the implementation of the functions of the institution and its work. The Kingdom vision 2030 included many economic and developmental goals on which many initiatives and projects were based. In this context, the ministry of Finance, SAMA and the capital Market Authority (CMA) have launched a financial sector development program aimed at reaching a diversified and effective financial sector that supports the development of the national economy, diversifying sources of income and encouraging savings, financing and investment. The Saudi economy is characterized by the availability of many potential and factors of production, which enable it to meet the various challenges at all levels.
At the end of his statement, alkholiefy prayed to Allah to protect the king and his crown prince and to provide them with prosperity and good faith, for our country to keep developing.