His Excellency the Saudi Minister of Finance Mr. Mohammed Aljadaan concluded his participation at the first meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) under South Africa's presidency, which took place on February 26-27, 2025 in Cape Town, South Africa.

The meeting included seven main sessions in which participants discussed the prospects for the global economy, ways to strengthen the international financial structure, as well as identification of priorities focused on bridging the investment gap in infrastructure to promote inclusive and sustainable economic growth, and continuation of the work initiated by Brazil's G20 presidency in the field of international tax cooperation.

During the meeting minister Aljadaan emphasized that the global economy is at a critical crossroads. The challenges, including slow growth and high debt, are intensifying due to economic fragmentation and trade tensions, highlighting the urgent need for effective coordination and multilateral cooperation.

Minister Aljadaan also noted the resilience of the economies in the MENA region despite their successive challenges, highlighting the opportunities and potential that the countries in the region possess for progress and prosperity. He explained that what happens in the region has a significant impact on the international stage.

He also reaffirmed that Saudi Arabia has adopted a public-private partnership (PPP) model, allowing private entities to partner with the government to develop and manage infrastructure projects. He pointed to the initiatives such as the National Privatization Center and the National Infrastructure Fund, which focus on attracting private investment in sectors such as transport, water, and energy.

On the sidelines of the FMCBG meetings Minister Aljadaan held a series of bilateral meetings with G20 ministers, during which they discussed ways to enhance cooperation, as well as the key challenges facing the global economy in light of rapid developments.​

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