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.
