The 13th BMG Economic Forum
London, July 9, 2019
His Royal Highness Prince Turki Al-Faisal addressed the strength and attractiveness of Saudi Arabia’s economy according to key statistics and data which highlighted the ongoing rise in GDP annually, HRH also highlighted the kingdom’s global position on the world stage, with an emphasis on the G20 being hosted by Saudi in 2020.
“The Kingdom is witnessing a comprehensive and strong renaissance of the future in all fields. There are excellent opportunities for all companies to participate in supporting the implementation of the Kingdom’s projects and for its cooperation with its counterparts in the Kingdom”
This came in a special interview with HRH at the annual forum of BMG Group at its thirteenth round on Tuesday, July 9, 2019 at the London Stock Exchange in the presence of CEOs and directors of Saudi and British financial institutions and companies, as well as Nikhil Rathi, CEO of London Stock Exchange.
The Forum was inaugurated by Basil Al-Ghalayini, Chairman of BMG Financial Group, who spoke on the initiative of Vision 2030 for the Kingdom of Saudi Arabia where a number of specialists and stakeholders in the financial and investment fields discussed the strength of the Saudi economy as well as the drive and appeal of both inward and outward foreign investment.
A number of speakers expressed their optimism about the ambitious plans that have been put into practice on the ground such NEOM, Qiddiya, Red sea, Amala and others, that will require the advanced and specialized companies to enter independently, in partnerships with Saudi companies or through an alliance between several companies to contribute effectively to the implementation of those projects.
Chris Woods, Managing Director Governance, Risk & Policy, FTSE Russell, said: “The CMA is witnessing a remarkable development of legislation, regulations and listing mechanisms, including levels of transparency, disclosure and protection of investors’ rights. The FTSE Russell index, which began its first phase in March this year and will continue in five stages. With the end of the third phase of the accession, he stressed the satisfaction of foreign investors in investing in the Saudi market.
Al-Ghalayini concluded the Forum by thanking His Royal Highness, the sponsors and their representatives as speakers, including Dr. Hatem Bugshan – Big Innovation Center, Nasser Al-Shawaf – Regent’s Crescent Holding Company Ltd., Philip Pauley –Pauley Co., American Express Saudi Arabia, Future Solutions Limited, Xrail and Tariq Alrefaie – 5th Pillar Holding Limited.