At the Fortune Global Forum in Riyadh, Saudi Arabia’s Minister of Investment, Khalid A. Al-Falih, described the breakthroughs occurring under Vision 2030, the kingdom’s economic transformation plan that is roughly nine years old. Describing 2025 as a “pivotal moment,” the minister argued that “the very foundations of global business are being shaken, in a way, and being rewritten before our own eyes.” He described “tectonic shifts” in geopolitics, global trade, technology, supply chains, energy, even demographics, “all converging to reshape how companies and countries think and operate, how they compete and create value for their stakeholders.”
In conversation with Fortune Editor-in-Chief Alyson Shontell, as well as Alphabet President and Chief Investment Officer Ruth Porat and Barclays Group CEO C.S. Venkatakrishnan, Al-Falih described what he sees as a world where “everyone is concerned” about supply chains still “pushed to the limit,” more than five years after the onset of the pandemic. “Supply chain resilience for both companies and nations and policy makers and governments is dominant,” he said, also citing digital disruption as a key inflection point.
