Makkah forum targets investment surge in Saudi Arabia

Makkah Gov. Prince Khaled Al-Faisal will open the first Makkah Economic Forum on Sunday.
Updated 06 May 2018
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Makkah forum targets investment surge in Saudi Arabia

  • Makkah Gov. Prince Khaled Al-Faisal will open the first Makkah Economic Forum on Sunday.
  • Forums will run throughout the year with workshops, seminars and panel sessions involving local, regional and international experts.

JEDDAH: Makkah Gov. Prince Khaled Al-Faisal will open the first Makkah Economic Forum on Sunday.

The two-day event, under the theme “From Vision to Prosperity: Invest in Makkah,” will be held at the Jeddah Ritz-Carlton. The forum is organized by the province in cooperation with the Jeddah, Makkah and Taif chambers of commerce.

Nine sessions at the forum will focus on the most important themes of Vision 2030. More than 60 leading local, regional, and international speakers and experts will take part. 

The sessions will explore investment opportunities in the Makkah province as part of Vision 2030’s aim to increase private sector contribution to the GDP from 40 percent to 65 percent.

The forum aims to increase private sector participation and attract more foreign direct investments to drive economic growth.

Investment options will be discussed in breakout sessions between investors and public and private sector representatives.

The forum will also feature the launch of an electronic platform to showcase investment opportunities in the region. 

Two sessions offering a “Dialogue with the Minister,” will give investors a chance to discuss investment and economic issues with ministers.

Forums will run throughout the year with workshops, seminars and panel sessions involving local, regional and international experts.


Saudi camel racing no longer an all-male affair, says Princess Jamila

Updated 23 March 2019
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Saudi camel racing no longer an all-male affair, says Princess Jamila

  • Princess Jamila’s camel will compete in a race marking the conclusion of the King Abdul Aziz Camel Festival
  • King Salman will attend the grand finale of the 46-day event

JEDDAH: A camel owned by a woman will compete in an official race in Saudi Arabia for the first time, a senior figure in the sport said on Friday.

Fahd bin Hithleen, chairman of the board of directors of the Saudi Camel Club and the newly appointed president of the International Camel Organization (ICO), said the race is part of the closing day of the King Abdul Aziz Camel Festival on the outskirts of Riyadh, which began on Feb. 5 and ends on March 23.

“The camel race will end this Saturday with the participation of the first female in camel racing,” Hithleen said on his official Twitter account. “I congratulate Princess Jamila Bint Abdulmajeed bin Saud bin Abdulaziz for breaking into the camel world and wish her all the success.”

The festival finale will take place in the presence of King Salman.

Princess Jamila said that camel racing is no longer exclusively the preserve of men, as the ongoing reforms in the country continue to empower Saudi women and open up new opportunities for them across the Kingdom.

The Kingdom established the ICO, the first global group of its kind for camels, on Thursday with the participation of representatives from 96 countries. Riyadh was chosen as the location for its headquarters and Hithleen was appointed to serve a five-year term as its first president.