Five hundred leading financiers
and investors from the Kingdom and abroad will be attending the
two-day “Saudi Arabia: Financing the Future” conference beginning
The conference has
been organized by Euromoney in conjunction with the Council of Saudi
Chambers of Commerce and Industry, the Saudi Arabian General
Investment Authority and the Saudi Arabian Monetary Agency.
Petroleum and Mineral Resources Ali Al-Naimi will deliver the keynote
address, with the opening address by Minister of Finance and National
Economy Dr. Ibrahim Al-Assaf and the welcome address by Sir Patrick
Sergeant, president and founder, Euromoney Institutional Investor PLC.
The conference will
focus on direct foreign investment, global investment strategy,
privatization and deregulation, investment in oil, gas and mineral
resources, and banking and the stock market. There will be roundtable
discussions and workshops as well.
In a statement
issued here, Riyad Bank has said it is participating in the conference
within the framework of its policy of supporting national economic
development. The bank has invited a number of clients, businessmen and
investors to attend the conference.
It said Alan Thompson, Riyadh Bank’s president and CEO, will
deliver the plenary address at one of the sessions. He will speak on
“The role of Saudi Arabian and international
banks in financing future investments.”
On the second day
of the conference, Riyadh Bank will host a workshop which will be
chaired by Talal Al-Qudaibi, deputy chief executive officer. The
workshop, entitled “Practical approaches to financing future
development in the Kingdom” will present two case studies relating
to the petrochemical and power sectors.
include AlBank AlSaudi AlFransi, Al-Rajhi Banking and Investment
Corporation, Getronics, Gulf International Bank, JP Morgan and the
National Commercial Bank.
and the Saudi American Bank are the other sponsors.
In the panel
discussion on foreign direct investment chaired by Prince Abdullah ibn
Faisal, leading corporations will discuss motivations for investing in
the Kingdom and the incentives that would encourage further
Hardie, conference manager, said the two-day event will offer a
significant networking opportunity for all the participants.