RIYADH: Saudi Arabia's Crown Prince Mohammed bin Salman has defended his daring reform plans, including the kingdom's decision to lift the ban on women using, saying that "we were not like this in the past."
The prince said that "we want to go back to what we were: moderate Islam," speaking all over a rare public appearance at a major investment convention in Saudi Arabia lately.
The inheritor to the throne says the kingdom will paintings to defeat extremist concepts and be sure that younger Saudis reside in unity with the remainder of the world.
"We will eradicate the remnants of extremism very soon... We represent the moderate teachings and principles of Islam," he said.
He addressed a panel that integrated trade titans Stephen Schwarzman of US non-public equity company Blackstone and Masayoshi Son of Japan's era conglomerate SoftBank. The panelists later lavished reward at the 32-year-old prince for his "passion", "vision" and "enthusiasm" but he interjected, saying he is most effective "one of 20 million people. I am nothing without them."
The Crown Prince has introduced plans for a brand new $500 billion town to be constructed in the country's northwest that will probably be run fully on alternative power and be an innovation hub for the longer term.
The mission, dubbed Neom, will probably be constructed on untouched land alongside the rustic's Red Sea coastline close to Egypt and Jordan. The bold mission may just paved the way in the use of drones, driverless automobiles and robotics.
The kingdom's sovereign wealth fund, which the crown prince chairs, the Saudi executive and world era corporations will lend a hand build the city.
Prince Mohammed introduced the mission lately at a major investment convention in Riyadh geared toward shining a spotlight at the kingdom's efforts to diversify its revenue streams clear of dependence on oil exports.
Saudi Arabia has opened a major investment convention geared toward shining a spotlight at the country's efforts to diversify its revenue streams and overhaul its economy and society.
At the guts of these reforms are plans to build the world's biggest sovereign wealth fund. The kingdom hopes to do this by list lower than 5 according to cent of state-owned oil company Aramco and shifting control of those funds to its Public Investment Fund, or PIF as its recognized.
The fund grabbed headlines with a $three.five billion investment in ride-hailing provider Uber final 12 months.
The convention, dubbed the Future Investment Initiative , begins lately and runs for 3 days. It's being attended by giants in the trade international, company managers from probably the most international's biggest corporations and most sensible Saudi officers.
The prince said that "we want to go back to what we were: moderate Islam," speaking all over a rare public appearance at a major investment convention in Saudi Arabia lately.
The inheritor to the throne says the kingdom will paintings to defeat extremist concepts and be sure that younger Saudis reside in unity with the remainder of the world.
"We will eradicate the remnants of extremism very soon... We represent the moderate teachings and principles of Islam," he said.
He addressed a panel that integrated trade titans Stephen Schwarzman of US non-public equity company Blackstone and Masayoshi Son of Japan's era conglomerate SoftBank. The panelists later lavished reward at the 32-year-old prince for his "passion", "vision" and "enthusiasm" but he interjected, saying he is most effective "one of 20 million people. I am nothing without them."
The Crown Prince has introduced plans for a brand new $500 billion town to be constructed in the country's northwest that will probably be run fully on alternative power and be an innovation hub for the longer term.
The mission, dubbed Neom, will probably be constructed on untouched land alongside the rustic's Red Sea coastline close to Egypt and Jordan. The bold mission may just paved the way in the use of drones, driverless automobiles and robotics.
The kingdom's sovereign wealth fund, which the crown prince chairs, the Saudi executive and world era corporations will lend a hand build the city.
Prince Mohammed introduced the mission lately at a major investment convention in Riyadh geared toward shining a spotlight at the kingdom's efforts to diversify its revenue streams clear of dependence on oil exports.
Saudi Arabia has opened a major investment convention geared toward shining a spotlight at the country's efforts to diversify its revenue streams and overhaul its economy and society.
At the guts of these reforms are plans to build the world's biggest sovereign wealth fund. The kingdom hopes to do this by list lower than 5 according to cent of state-owned oil company Aramco and shifting control of those funds to its Public Investment Fund, or PIF as its recognized.
The fund grabbed headlines with a $three.five billion investment in ride-hailing provider Uber final 12 months.
The convention, dubbed the Future Investment Initiative , begins lately and runs for 3 days. It's being attended by giants in the trade international, company managers from probably the most international's biggest corporations and most sensible Saudi officers.
Saudi crown prince defends his social reforms
![Saudi crown prince defends his social reforms]()
Reviewed by Kailash
on
October 25, 2017
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