Vice Chairman of the National Development Fund's Board of Directors Mohammed Al-Tuwaijri has addressed the challenges facing the global economy, cautioning that it may be headed for a "hard landing" influenced by multiple factors, including geopolitical conditions that heighten pricing risks and impact foreign direct investment flows. Al-Tuwaijri's remarks came during a session titled 'Will the Global Economy Achieve a Soft Landing?' at the Future Investment Initiative Conference, where he discussed the effects of interest rate fluctuations and inflation. He highlighted that ongoing inflationary pressures are compounded by uncertainties in demographic trends, posing significant challenges to economic stability. He underscored the National Development Fund's (NDF) role in advancing the Kingdom of Saudi Arabia's non-oil economy through initiatives that foster re-privatization and strengthen infrastructure for small and medium enterprises, making Saudi Arabia a more attractive destination for foreign direct in vestment. Al-Tuwaijri also noted the NDF's commitment to supporting major projects driven by the Public Investment Fund and stressed the importance of workforce readiness to meet the operational demands of these large-scale projects. The session's participants discussed key economic issues, including controlling inflation, improving the labor market, and strategies for achieving a potential "soft landing" in the economy, which would require adjustments to current economic frameworks. Experts emphasized the resilience of stock markets amid geopolitical tensions and highlighted the need for enhanced mechanisms to resolve trade disputes and foster international cooperation. The dialogue also covered the risks posed by ongoing geopolitical tensions on global markets, with calls for proactive strategies to mitigate these impacts and safeguard global economic stability. Source: Saudi Press Agency