FaceOf: Bandar Reda, secretary-general of the Arab-British Chamber of Commerce

Bandar Reda
Updated 11 March 2019
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FaceOf: Bandar Reda, secretary-general of the Arab-British Chamber of Commerce

Bandar Reda has been the secretary-general and executive chairman of the Arab-British Chamber of Commerce (ABCC) since December 2018. 

He has also been the Saudi commercial attache to the UK at the Ministry of Commerce and Investment since August 2017. 

He was the Saudi commercial attache to Italy between 2013 and 2017. Reda led the Saudi commercial and trade team in Italy and acted as the main point of contact for the Kingdom in developing a structured commercial diplomacy agenda.

For eight years, he worked at the Saudi British Bank (SABB), an associate company of the HSBC Group. 

At SABB, he served as senior business banking development manager, relationship manager at the Business Banking Unit, and premier relationship manager.

Reda attended the one-year Junior Officer Development Program at SABB, which aims to develop the bank’s future leaders. 

He holds a bachelor’s degree in economics and business administration from Rollins College in the US. 

The ABCC recently hosted a roundtable meeting on the development of the sports, media and entertainment sectors in all Arab states, particularly Saudi Arabia. At the meeting, Reda stressed the importance of strengthening relations between Arab countries and the UK by exchanging experiences in all fields of trade and the economy.

He said the meeting was a major preparatory stage for the organization of an Arab-British conference on the sports, entertainment and hospitality industries as important economic sectors.

ABCC is a membership organization that exists to promote trade and investment relations between the UK and the Arab countries.


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

Updated 18 June 2019
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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.