• We will end extremism very soon
• Our youth are our wealth
• Demand for oil to increase between 2030-2040

Saudi Gazette report

Riyadh — Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, on Tuesday vowed to restore “moderate, open” Islam in the Kingdom.

“We are returning to what we were before — a country of moderate Islam that is open to all religions and to the world,” he said at the Future Investment Initiative (FII) in Riyadh.

“We will not spend the next 30 years of our lives dealing with destructive ideas. We will destroy them today,” he added.

“We will end extremism very soon.”

“Our youth are our wealth. If they receive proper guidance they will create an excellent world on our earth. The youth are ambitious.”

“All components of success are available in the Kingdom. Political will is strong and the people are ambitious.”

The Crown Prince said the demand for oil will increase between 2030 to 2040 because there will be a need from petrochemical and other industries, not just for energy production.

“I do not think demand for oil will decline but will increase between 2030 and 2040,” he said.

Earlier at the inauguration of FII, the Crown Prince said in a speech read out by Minister of Commerce and Investment Majid Al-Qasabi that the Future Investment Initiative will provide great opportunities, information and views from around the world and will save time and money because it will help us all identify our next investment destinations that will succeed and generate generous returns.

“Our world is constantly changing. Everything around us is being affected and changed by new technologies which drive us to future planning.

“You know that over a quarter of a century ago, we have seen developments that have reprogrammed our daily lives, but they cannot be compared to developments over the next decade in robotics, artificial intelligence, automatic learning and bioengineering.

“These areas of the future are like science fiction films whose results cannot be expected for a simple reason: they have not yet happened. So we have to deal with new technologies positively as they are certainly opportunities, not risks.

“We can face the future if we cooperate and work together to make the world a better place. So let’s make the Investment Future Initiative an annual occasion to meet and discuss global opportunities and solutions.

“We in the Kingdom of Saudi Arabia are progressing confidently and steadily in a huge program aiming at development and change. Our ambition is limitless and we are keen to invest in both global talents and the global economy alike.”