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Tuesday, October 19, 2021

Promotion of investment in sustainable infrastructure is supported by Saudi Arabia.

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Saudi Ambassador Abdallah Al-Mouallimi is attending on virtual meeting on sustainable infrastructure.

Abdallah Al-Mouallimi, Saudi Arabia’s ambassador to the UN in New York, stated the Kingdom has a long report of assisting public and private sectors partnerships to enhance investment in sustainable infrastructure. Al-Mouallimi spoke at a virtual assembly to speak about the proposal of the president of the UN Economic and Social Council regarding investment in sustainable infrastructure.

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Al-Mouallimi stated that the Kingdom welcomes any UN initiative to promote personal investment in infrastructure, along with partnerships among the public and private sectors, and supporting infrastructure tasks eligible for financing. He mentioned that the structure of proposed tasks and ways of placing them should include the evaluation of the mechanisms to set the contemporary tasks while stressing their objectives, sources and progress, and getting to know instructions from past experiences at the same time as figuring out factors of success, motives for weak overall performance, and flaws in the mechanisms to set the projects which had been not formally resolved in a right way. Al-Mouallimi stated: “To facilitate promoting investments in infrastructure and appeal to main investors, it’s far crucial to elaborate a clear vision on the way to enjoy the work undertaken by multilateral improvement banks in attracting investment. Also, efforts ought to be prepared to determine flaws and approaches of improving the overall performance to reinforce the tendency towards endorsing sustainable investment in infrastructure.”

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