Irshad Salim (BE2C2 Report) — Top global financial experts and senior executives are meeting with leading figures from Saudi government and banking in Riyadh today to discuss challenges and opportunities that lie ahead for companies within the kingdom and for international financial organizations looking to play a role in Saudi Vision 2030 and its its five-year National Transformation Program.
Titled “2030: Delivering the Vision”, the gathering of experts is taking place at The Euromoney Saudi Arabia Conference 2017.
Global interest in Vision 2030 has surged in recent months, with international delegations from the United Kingdom, Germany, China, South Korea, Japan and Pakistan all recently pledging to support the ambitious plan.
The two-day event is set to focus on the challenges and opportunities of delivering Vision 2030, the national plan for economic and social transformation, with commentary and insight from a range of global, regional and local experts.
More than 1,600 delegates are expected to attend the event, which is the largest financial conference of its kind in the kingdom.
In April 2016 Saudi Arabia announced Vision 2030 and its five-year National Transformation Program. These initiatives have become the pillars of the Kingdom’s future and define its new finance, business and human resources strategies. But can they be effectively delivered in the face of sustained low oil prices, liquidity challenges and continued regional instability?
The Euromoney Saudi Arabia Conference “2030: Delivering the Vision” will aim to highlight congruence of ideas, solutions, thought-leadership so that the grand initiative for non-oil economy may be fully enabled and facilitated.
A year on from the launch of Vision 2030, the conference will look at the opportunities presented by the NTP. Experts will explore the impact of global events and markets on the Kingdom as well as evaluating the progress towards the transformative goals of the administration. They will consider oil price movements, Aramco’s IPO, the Saudi bond issuance program, the role of global equity capital and much more.
The Conference held in partnership with Saudi Arabia’s Ministry of Finance, is bringing together senior policy-makers, regulators, financiers, investors and business people the yearly event, which has become significant with Vision 2030 and NTP having been rolled out for execution.
Mohammed Al-Jadaan, Saudi Arabia’s Minister of Finance, will open the conference and deliver the opening keynote presentation.
The conference on Progress of Vision 2030 will include keynotes by Al-Jadaan and Majed bin Abdullah Al-Hogail, Saudi Minister of Housing.
In addition to the core plan, the launch of a range of supporting initiatives – such as the announcement of the Parallel Financial Market, the Fiscal Balance Program 2020 and the establishment of a General Entertainment Authority for the Kingdom has generated significant comment and expressions of interest from companies around the world, said a statement.
International perspectives will be provided through interviews and panel discussions with a number of senior executives from regional and global financial companies, including Al Rajhi Bank, Al Rajhi Capital, BNP Paribas, Citi, Gulf International Bank, HSBC, Jabal Omar Development Company, Jadwa Investment, NCB, NCB Capital, QNB and Tadawul.
Othe major speakers providing their perspective will include Dr Ahmed Abdulkarim Alkholifey, Governor, Saudi Arabian Monetary Agency; Mohamed El-Kuwaiz, vice chairman, Capital Market Authority; and Khalid Abdullah Al Hussan, chief executive Officer, Tadawul.
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