Analysis
During his appearance at the World Economic Forum in Davos on January 24, 2019, Crown Prince Mohammed bin Salman said that Saudi Arabia would remain a leading global oil producer while also seeking to become a leading global investor. Multiple reputable news outlets reported the exact phrasing or close paraphrase of this statement, confirming its authenticity. No evidence suggests the quote was fabricated or taken out of context.
Background
The Crown Prince announced plans for Saudi Aramco’s initial public offering (IPO) at the 2019 Davos forum, emphasizing the kingdom’s intent to diversify its economy under Vision 2030. The statement aligns with Saudi Arabia’s broader strategy to reinvest oil revenues into diversified assets worldwide.
Verdict summary
The quoted remark accurately reflects Crown Prince Mohammed bin Salman's remarks at Davos 2019 about Saudi Arabia’s dual focus on oil production and investment.