Riyadh is set to host 2016’s Euromoney Saudi Arabia Conference on Tuesday and Wednesday to tackle the changing global financial landscape and strive toward a more sustainable future for participants as Saudi Arabia aims to reduce its dependence on oil.
Key Saudi banking businesses will explore the ramifications of the National Transformation Plan as the conference gets underway in what promises to be its most comprehensive edition yet. The plan aims for increasing efficiency, accelerating economic growth, expanding private sector trade and providing jobs.
“The Euromoney Saudi Arabia Conference will provide an important opportunity for different companies from across a range of sectors to come together … as the kingdom shifts to a post-oil economy," Mohamed Hamra-Krouha, partner and head of banking and projects at Clifford Chance, said.
Tourism, real estate and investment will be among topics as panelists and participants consider the kingdom’s changing investment strategies. Real estate firm Colliers International will offer its most recent research on Saudi Arabia’s changing retail business practices with a focus on Riyadh and three other cities.
"We are seeing significant changes in key industries in Saudi Arabia, which in turn have a knock-on impact on other sectors,” Colliers International Managing Director for Saudia Arabia Imad Damrah said. “This is creating a very positive dynamic for economic development in the kingdom, and we are very pleased to be able to present original research into one key area at the Euromoney Saudi Arabia Conference."
In addition to Damrah, guest panelists will include Bader Al-Hammad, chairman of Maceen Capital; Amro Nahas, head of real estate investment for MASIC; Salman Abdullah Bin Saedan, chairman of Salman Abdullah Bin Saedan Group; and Usama Sarraj, group development director with Cayan Group.