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Conference on Kingdom's economy opens
Riyadh 29th May 2001

  Under the patronage of Crown Prince Abdullah bin Abdul Aziz, the Deputy Premier and Commander of the National Guard, Prince Salman bin Abdul Aziz, the governor of Riyadh region, opened here on Tuesday a conference on the Kingdom's economy and finance. The conference is organized by the Council of Saudi Chambers of Commerce and Industry (CSCCI), in collaboration with the Ministry of Finance and National Economy and the Saudi Arabian Monetary Agency (SAMA) at Al-Faisaliya Hotel in Riyadh.

On arrival at the venue, Prince Salman was received by the Minister of Finance and National Economy, Dr. Ibrahim Al-Assaf, the Minister of Trade, Osama Faqeeh, the Governor of SAMA, Hamad Al-Sayari, the Vice Chairman of the CSCCI and Chairman of Riyadh's Chamber of Commerce and Industry, Abdul-Rahman Al-Jeraisi along with a number of senior officials.

Prince Salman read the speech of Crown Prince Abdullah at the conference. In his speech, the Crown Prince thanked CSCCI and the Euro-money Company for organizing this conference. He affirmed that the Government has been giving support and priority to the growth of the private sector. 'As a result of this policy, the private sector has contributed to the increase in the Kingdom's Gross Domestic Product (GDP).'

For his part, the Minister of Finance and National Economy, Ibrahim Al-Assaf said this conference would deal extensively in ways of promoting financial operations in the Kingdom and its global impact. He affirmed the importance of this conference in putting up proposals for future financial mechanisms that could boost Saudi economic development.

Speaking on the occasion, CSCCI Vice Chairman Abdulrahman Al-Jeraisy said the Kingdom is keen to attract capital from Arab and other countries through suitable financial instruments according to advanced mechanisms.

Patrick Sergent, chairman and founder of the Euro-money Company also spoke on the occasion.

Source: SPA©

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