00:00Undoubtedly, the first question in light of the current security situation is your assessment
00:05of the implications of this war on the Saudi economy as well as on the fund's strategy.
00:11Naturally, the impact of the war is not limited to the Saudi economy or the fund's strategy
00:16alone, but extends to the global economy as a whole.
00:20Oil prices have increased, shipping and insurance costs increased, food prices have increased,
00:25as a significant portion of chemical fertilizers passes through Saudi Arabia and other Gulf
00:30countries.
00:32In addition, helium gas is facing difficulties reaching Taiwan, leading to delays in semiconductor
00:38chip manufacturing or increased costs.
00:41As for the fund, our strategy is long-term rather than short-term.
00:45It spans the next five years and represents a continuation and evolution of previous strategies
00:50strategies since the fund's establishment in 1971, through the transformation phases
00:55in 2015 and 2017, followed by the 2021 to 2025 strategy, and now the current strategy for
01:02the period from 2026 to 2030.
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