Adnoc CEO: Diversification is the name of the game
Future Investment Initiative Conference hears that UAE focused on equipping next generation with skills to compete in 21st century
Riyadh: Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc) participated in the second annual ‘Future Investment Initiative Conference’, held in Riyadh, Saudi Arabia, on Tuesday.
The conference sees global leaders from both the public and private sectors convene to help shape the future of global investment and economic growth.
“Economic diversification is the name of the game. It has always been a core priority for the UAE, dating back to [the late] Shaikh Zayed [Bin Sultan Al Nahyan],” Al Jaber said, speaking on the UAE’s strategy to create a knowledge-based economy.
“As a result, the UAE has taken great strides in ensuring a more balanced and resilient economy. Looking ahead, in line with the UAE’s 2071 Centennial Plan, the UAE is focused on ensuring the next generation has the knowledge, tools and skills to compete in the 21st century economy. Adnoc will continue in its role to facilitate and accelerate this diversification into knowledge-based sectors,” he added.
“Saudi Arabia, as the largest oil producer in the world, is taking steps that will ensure its long-term sustainable economic development and prosperity. It is ambitious, bold and achievable. Most importantly, Saudi Arabia’s economic transformation, will have far-reaching benefits, not only for the kingdom, but for our region and for the entire world.”
