LONDON: The Second Gulf-British Economic Forum concluded in London on Thursday.
The forum held five sessions in which the participants discussed economic reforms which are essential for a strong, balanced economy and achieving sustainable growth.
They also discussed the importance of economic development, stimulating the entrepreneurship in the youth sector and the importance of partnership between the public sector and the private sector, in addition to the British withdrawal from the European Union.
The meeting was attended by Prince Mohammed bin Nawaf, Saudi ambassador to the United Kingdom; Secretary-General of the Gulf Cooperation Council Abdullatif Al-Zayani, Minister of Commerce and Investment Majid Al-Qassabi and British Minister of international trade William Fox. Others who participated in the forum included a number of GCC ministers and ambassadors and Arab and British businessmen.
The forum was organized by the Arab-British Chamber of Commerce with support of the GCC and UK Trade and Investment authority.
In his speech at the opening of the Forum, Prince Andrew, Duke of York, praised the GCC-UK trade relations which are based on mutual friendship and mutual cooperation, stressing the importance of the Gulf states as trading partners of the United Kingdom. The GCC secretary-general stressed the importance of the GCC-British relations, noting that the GCC-British strategic dialogue is still going on.
Al-Qassabi said the Gulf countries have visions, plans, objectives and performance prime indicators as road maps for development.
The minister said that the Gulf countries face many changing factors in the economic and social situation and explained that the vision of Custodian of the Two Holy Mosques King Salman to promote the GCC includes a wide range of practical steps.
The minister highlighted efforts to promote the post-oil Saudi economy's diversification under Vision 2030.
Gulf-British forum focuses on fresh challenges
Gulf-British forum focuses on fresh challenges
