Al-Ula, Saudi Arabia – February 16 – The Sultanate of Oman, represented by the Ministry of Finance, participated in the prestigious “Al Ula Conference for Emerging Market Economies,” which commenced today in the historic city of Al-Ula, Saudi Arabia. The two-day event brings together key policymakers, financial experts, and global leaders to discuss the evolving challenges and opportunities for emerging economies.
Leading Oman’s delegation at the conference was Mahmoud Abdullah Al Oweini, Secretary General of the Ministry of Finance. The gathering aims to explore financial trends, innovative economic strategies, and global policies that impact developing and emerging economies. A primary focus of the discussions is on achieving financial stability, addressing high public debt, and identifying innovative financing solutions to sustain economic growth.
Key Discussions and Objectives
The conference delves into critical financial challenges, including sluggish economic growth, increasing debt burdens, and the rising need for financing within emerging economies. Experts and policymakers are examining strategies to achieve fiscal balance while ensuring sustainable development. The discussions also highlight modern economic tools, such as artificial intelligence (AI) and financial technologies, in enhancing global competitiveness and fostering economic resilience.
The forum further underscores the role of the private sector in driving economic expansion and sustainable development. By fostering public-private partnerships, participating nations aim to leverage private investments and expertise to accelerate growth across various industries.
Global Participation and Economic Cooperation
The event has drawn finance ministers, central bank governors, economic strategists, and prominent financial experts from around the world. International institutions and academic professionals are also in attendance, contributing insights into best practices for economic transformation.
By engaging in this high-level dialogue, Oman continues to reinforce its commitment to international economic cooperation. The conference serves as a platform for fostering strategic alliances, exchanging innovative ideas, and exploring policies that drive economic stability and prosperity across emerging markets.
As discussions unfold, the conference is expected to yield actionable solutions for addressing global and regional economic challenges, further strengthening economic ties among participating nations.
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