Heads of government and senior officials worldwide are calling for increased investment in Fintech, maintaining that it enhances governance values and preserves the environment as one of the quality of life industry tools for companies, institutions, and governments.
Making their remarks at the Future Investment Initiative conference in Riyadh, the leaders stressed the importance of advancing circular carbon economies, pointing out that Saudi Arabia had made great strides in this direction to expand its non-oil economy.
Former Canadian Prime Minister Stephen Harper stressed the need to harmonize the elements of governance, environmental health, and various strategies within the quality of life industry for companies, institutions, and governments.
According to Harper, coordination will help in securing a healthy environment.
However, Harper stressed that carbon recycling and facing the challenges that exist because of climate change is a combination that requires an introduction to strategic business for a better life, economy, and sustainable development.
Harper stressed the need to include lawyers and consultants at companies and institutions to enhance governance values.
The former PM underlined the need to confront the situation created by the coronavirus pandemic with optimism and transcending above the complexities of life.
He urged instilling the values of strict governance and working on environmental and social reform to achieve the necessary change.
Former US Treasury Secretary Steve Mnuchin expected more progress in the technology sector and digitization.
He also predicted increased work on carbon recycling to sustain the economy, development, and quality of life.
Mnuchin pointed out that the technical revolution generates and analyzes data, and increases transformative changes.
Moreover, he saw that the technical revolution would likely trigger a shift in energy consumption 20 years from now. He emphasized the need to increase investment in Fintech and digitization to avoid the repercussions of cyber intervention.
As for Saudi Arabia, Mnuchin stressed that the Kingdom had seen progress in the technology and digitization sectors. Also, Saudi Arabia has shown great interest in advancing a circular carbon economy.
Mnuchin pointed out that Saudi Arabia is witnessing non-oil economic expansion and benefiting from the non-rentier sector.
Separately, he acknowledged that several sectors were directly affected by the coronavirus pandemic.
Nevertheless, he pointed out that the US was able to manage affected sectors constructively.
According to Mnuchin, the focus was mainly directed at the health sector. Spending on research and scientific discoveries was stepped up to reduce infection rates and the pandemic’s impact.
