The Saudi Vice Minister of Finance, Abdulmuhsen bin Saad Alkhalaf, took part in a High-Level Strategic Dialogue between Saudi Arabia and the International Monetary Fund (IMF) on October 26, 2025. The meeting was held in Riyadh and included IMF directors and representatives. The main focus was to discuss the activities of the IMF Regional Office located in Saudi Arabia.
During his opening remarks, Alkhalaf stated, “Saudi Arabia recognized early on that economic diversification is not merely a choice but an absolute necessity.” He explained that Vision 2030 centers on building a modern and diversified economy by expanding non-oil exports, improving productivity, and developing human capital. According to Alkhalaf, these efforts are intended to reinforce Saudi Arabia’s global economic position and contribute to both regional and international economic stability.
Alkhalaf also praised the partnership with the IMF for its role in supporting policy dialogue, institutional capacity development, and financial stability across the Middle East and Central Asia. He said that cooperation between Saudi Arabia and the IMF covers global, regional, and domestic issues. “The cooperation between the Kingdom and the IMF spans global, regional, and domestic dimensions, reflecting both sides’ commitment to deepening their partnership through the IMF’s Regional Office in Riyadh, which has become a central hub for dialogue and knowledge exchange,” he said.
He highlighted opportunities for further collaboration through joint platforms such as the AlUla Conference. The conference began in February this year as a forum for policymakers and leaders from financial sectors. Alkhalaf noted it is expected to become a major regional event moving forward.
The strategic dialogue between Saudi Arabia and the IMF is seen as an important platform for exchanging views on economic developments at both regional and global levels. It allows both parties to discuss shared priorities while exploring ways to improve policy coordination, strengthen economic resilience, and support sustainable growth throughout the region.
