NEW YORK: Abdallah Al-Mouallimi, Saudi Arabia’s ambassador to the UN in New York, said the Kingdom has a long record of supporting public and private sectors partnerships to boost investment in sustainable infrastructure.
Al-Mouallimi was speaking at a virtual meeting to discuss the proposal of the president of the UN Economic and Social Council regarding investment in sustainable infrastructure.
Al-Mouallimi said that the Kingdom welcomes any initiative by the UN to promote private investment in infrastructure, including partnerships between the public and private sectors, and supporting infrastructure projects eligible for financing.
He noted that the structure of proposed tasks and ways of setting them should include the evaluation of the mechanisms to set the current projects while stressing their objectives, resources and progress, and learning lessons from past experiences while determining factors of success, reasons for weak performance, and flaws in the mechanisms to set the projects which were not previously resolved in a proper way.
Al-Mouallimi said: “In order to facilitate promoting investments in infrastructure and attract main investors, it is essential to elaborate a clear vision on how to benefit from the work undertaken by multilateral development banks in attracting investment. In addition, efforts should be organized to determine flaws and ways of improving the performance to strengthen the tendency towards endorsing sustainable investment in infrastructure.”
