High-profile speakers grace Misk forum in Riyadh

Updated 15 November 2017

High-profile speakers grace Misk forum in Riyadh

RIYADH: The second Misk Global Forum, the biggest youth event in the region, will be inaugurated on Wednesday by Abdullah Al-Sawaha, minister of communications and information technology.
The forum will include an array of local and international speakers and hundreds of participants, and will be held at the Four Seasons Hotel in Riyadh.
Organized by the Prince Mohammed bin Salman Foundation (MiSK), participants will include Saudi and international business leaders in technology, innovation and science.
Speakers include Energy Minister Khalid Al-Falih, Bill Gates, Skype co-founder Jonas Kielberg, LinkedIn co-founder Alan Blue, and representatives from technology companies such as Google, Microsoft, IBM, GE and Intel.
Participants include Faisal J. Abbas, Arab News editor in chief, and Adam ArRion, chairman of the American entertainment company EMC, among others.
Established in 2016, the Misk Global Forum brings young leaders, creators and thinkers together with established global innovators.
Shaima Hamidaddin, executive manager and project leader of the forum, said it has become a prominent global meeting to discuss important issues concerning youths and their role in building knowledge-based economies.
This will help them forge ahead with scientific and technological developments worldwide, she added.

High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019

High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.