Arab News

LONDON: Saudi Arabia has been able to achieve unprecedented achievements in a short period of time, Saudi Press Agency (SPA) reported Crown Prince Mohammed bin Salman as saying on Thursday.

In a speech addressing the Shoura Council, the crown prince said that the Kingdom has achieved exponential growth in the past three years and expressed his optimism that growth will accelerate after the ongoing coronavirus pandemic comes to an end.

He added that the Kingdom is keen to address unemployment and that increasing employment rates is a priority.

Prince Mohammed said that although corruption had been rife in the Kingdom and previously spread like “cancer,” the anti-corruption campaign has been very successful and has recovered SR 247 billion riyals within 3 years.

The prince said the government has undertaken extensive restructuring to boost non-oil revenues and is working hard to double the size of and diversify the economy.

Saudi Arabia has one of the largest and most important economies in the world and the government has reformed the labor market to attract value-added employees, the prince added.