FaceOf: Abdallah S. Jum’ah, chairman of the Saudi Investment Bank

Abdallah S. Jum’ah
Updated 23 January 2019
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FaceOf: Abdallah S. Jum’ah, chairman of the Saudi Investment Bank

  • Jum’ah worldwide business experience includes former memberships of JPMorgan Chase International Council and Halliburton’s board of directors
  • Jum’ah has been on the board of trustees at the American University in Cairo since 1998

Abdallah S. Jum’ah is co-chair of the US-Saudi Arabian Business Council (USSABC) and has been chairman of the Saudi Investment Bank since 2010.

He was CEO of Saudi Aramco between 1995 and 2008 and, in 2003, was selected by Fortune magazine as one of the most influential business people in the world.

Jum’ah has been on the board of trustees at the American University in Cairo since 1998, also serving as vice chairman of the international advisory board at King Fahd University of Petroleum and Minerals between 2007 and 2009. He was patron of the IFP School, Paris, for one academic year.

His worldwide business experience includes former memberships of JPMorgan Chase International Council and Halliburton’s board of directors.

Jum’ah is also a former member of the International Business Council of the World Economic Forum (WEF). He was appointed energy community leader by the WEF in 2005.

He holds a bachelor’s in political science from the American University of Beirut, and completed a management development program at Harvard Business School while working for Saudi Aramco.

Jum’ah was awarded an honorary doctorate by Seoul’s Hankuk University of Foreign Studies in 2007.

A report published earlier this month by the USSABC said the Kingdom’s defense sector would experience strong growth over the next decade and that it would contribute SR231.27 billion ($61.6 billion) to the national gross domestic product by 2020.


Saudi Arabia plays host to major Indonesian tourism campaign

Updated 15 February 2019
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Saudi Arabia plays host to major Indonesian tourism campaign

  • More than 165,000 Saudis visited the Southeast Asian country in 2018, and officials there are aiming to increase that number to 200,000 as part of a global visitor target of 20 million for this year
  • Indonesia is the world’s largest archipelago, with more than 17,000 islands famed for their beaches, wildlife and natural beauty

JEDDAH: Tourism chiefs have been taking part in a major five-day Saudi campaign to help promote Indonesia as a top international holiday destination.
More than 165,000 Saudis visited the Southeast Asian country in 2018, and officials there are aiming to increase that number to 200,000 as part of a global visitor target of 20 million for this year.
From Feb. 11-15, the Indonesian Tourism Ministry has been working with its Consulate General in Jeddah to run a series of events in the Kingdom in a bid to boost the country’s tourist attractions.
Seventeen agencies representing Indonesia’s hotel, airline and travel industries participated in a business get-together with local Saudi tour operators, and around 70 prominent media figures were invited to the Pullman Hotel in Jeddah for a day of briefings on key Indonesian visitor destinations.
The last three days of the promotional program saw the Tourism Ministry and officials from top local destinations, take part in the Jeddah International Travel and Tourism Exhibition (JTTX), held at the Hilton Hotel.
Indonesia was one of the main sponsors of the event which has now been running for nine years.
Mohamad Hery Saripudin, the consul-general of Indonesia in Jeddah, said numerous innovative promotional breakthroughs had been made toward attracting more Saudi tourists to his country.
Indonesia is the world’s largest archipelago, with more than 17,000 islands famed for their beaches, wildlife and natural beauty.
Garuda, the national airline of Indonesia, has helped with the running of familiarization trips for journalists to several tourist hotspots, and other initiatives have seen free Indonesian language courses being offered to Saudis and expatriates.
R. Sigit Witjaksono, the director of tourism marketing for South and Central Asia, the Middle East and Africa, said Indonesia aimed to play host to 20 million visitors from throughout the world during 2019.
He noted that Indonesia welcomed 165,862 Saudi visitors in 2018, the highest total of any country in the Middle East.
As well as its natural delights, Indonesia is Islam-friendly, having thousands of mosques and offering products which are Shariah-compliant.