https://arab.news/cm758
With Vision 2030 aiming to create a strong and thriving Saudi Arabia with sustainable development that provides opportunities for all, it is a great privilege to see the vision being implemented, said Dr. Michael Fubi, CEO and chairman of the executive board of management of the German consultancy firm TUV Rheinland.
TUV Rheinland recently unveiled its regional headquarters in Riyadh, reflecting the Saudi capital’s ongoing success in attracting fresh investments in line with the goals outlined in the Kingdom’s Vision 2030.
Sharing his outlook on Saudi business and economic reforms, Fubi said: “When I look at it, I see a number of developments coming up. With Vision 2030, a great many things have begun. For me, it’s so incredible to see that it’s not only a vision but also a vision being implemented. This means a great deal of investment and new industries are being promoted here in the Kingdom.”
“I see a bright future because so many developments are already taking root,” he added.
Fubi recently held fruitful meetings with Saudi Investment Minister Khalid Al-Falih, SASO Gov. Dr. Saad Al-Kasabi, and senior officials from the Ministry of Industry and Mineral Resources.
Concerning German companies in Saudi Arabia, the TUV official said that German companies are well known for high-quality materials used in manufacturing processes; for example in power generation, particularly wind power, as well as in the photovoltaic sector. “We have been active in these sectors for more than 40 years. I think a number of German companies will contribute to the ongoing transformation in the country,” he said.
On his long working experience in Saudi Arabia, he said: “We started small, nearly 20 years ago. We started with a handful of people. And from there we developed, always looking at what the needs in the Kingdom were. Our purpose was — and is — to make the world a safer place. That means we always look for where we can contribute.”
“On the one hand, we are quite active — for example, in the oil and gas sector where operators need to function safely and also active in construction supervision and in training people. That is an area close to our hearts, training and educating people to do
high-quality work in their jobs. We operate eight national industrial training institutes and have also set up a drilling academy,” he added.
On the rising profile of Riyadh, the CEO said: “In the last few years, we have embarked on Vision 2030. I have seen huge changes and particularly very quick transformations. I was here before the COVID pandemic and then I was away for two and a half years. And in that period so many things changed and happened which people here may not have noticed but having been away and come back, I certainly noticed. The speed of change and the development in Riyadh has been amazing as it has become an international metropolis. With Riyadh hosting Expo 2030, that will be another milestone and will bring in people from all over the world to see the changes.”
“Saudi Vision 2030 is a major milestone for this country and will reduce the dependency on oil and gas and develop other sectors to ensure that in the long run there are value-added services within the country along with a growing young population,” Fubi added.