TheFace: Lama Al-Fozan, Saudi manager

Lama Al-Fozan grew up moving around the globe as her father is a diplomat. (AN photo by Ziyad Alarfaj)
Updated 28 March 2019
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TheFace: Lama Al-Fozan, Saudi manager

  • After her graduation Al-Fozan joined SAGIA, the Saudi Arabian General Investment Authority, where she worked for nine years as an advisory manager
  • Recently she became the manager of partnerships and strategic alliances at KAFD Development & Management Co.

Lama Al-Fozan grew up moving around the globe as her father is a diplomat, and received most of her basic education in several countries. She is the eldest of five children. 

She received her bachelor’s degree in English language from King Faisal University in Riyadh and holds a master’s degree in international affairs and diplomacy from the American University in Dubai, UAE. 

After her graduation Al-Fozan joined SAGIA, the Saudi Arabian General Investment Authority, where she worked for nine years as an advisory manager and was responsible for attracting foreign direct investment and guiding new investors in the Kingdom. 

Recently she became the manager of partnerships and strategic alliances at KAFD Development & Management Co., which is implementing the King Abdullah Financial District project. KAFD is envisioned as a business hub that will revive and strengthen the Kingdom’s economy.

Al-Fozan has been in this position for a month and a half, moving from her city in the Eastern Province to Riyadh to build a career in what she describes as “the greatest business hub in the country and the region.” 

“I love what I do because I can see that everything I am working on will actually come true as the strategy we are building now will come to reality and be implemented in the upcoming years,” she said. “I am proud to be a part of the team and this company and I would love to see the company grow and to see the city I that I am in grow with me.”

Al-Fozan has a keen interest in international affairs and has joined several programs. She participated at the UN’s program for young people to tackle the UN Sustainable Development Goals, the Merit360. 

“I worked with a group to develop action plans to tackle the UN’s No. 1 goal — no poverty,” she said.  

The UN’s program inspired her to co-found Talga, a Saudi-based nonprofit organization that aims to provide sustainable solutions and consultancies to developmental challenges by linking research and action.

“Talga is the name of a local tree in Asir. It symbolizes our main values which we want to celebrate with the world: Sustainability, creativity, tolerance, diversity and culture,” she said. 

Al-Fozan is also a member of the Saudi female fencing team and has participated in several championships. 

She is currently working with the Kingdom’s first Athletes’ Commission to look at any obstacles athletes in Saudi Arabia are facing. 

Al-Fozan is a part of a sports company, Master Me, where she is a regional director. Master Me supports the Kingdom’s Vision 2030 goal of promoting physical and social well-being and a healthy lifestyle by providing sports education and skills to the community.

“We are reaching out to the Saudi Olympic committee, sports authority, the Ministry of Education to produce quality and skilled talented student leaders and implement the state’s quota of leadership in sports,” she said.

“Nowadays, things are shifting to the conceptional age, which is an era that is all about ideas and creativity. It is an exciting time to be Saudi and a female and witness all these changes while trying to be a part of the transformation.” 


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.