ITFC, ILO partner to support Egypt’s food and furniture industries

The partnership agreement was signed by Nasser Al-Thekair, general manager of trade & business development, and Christophe Perrin, deputy director general for operations and partnership, ILO.
Updated 30 September 2017
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ITFC, ILO partner to support Egypt’s food and furniture industries

International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has partnered with International Labour Organization (ILO) for the implementation of the second phase of “Strengthening Skills for Trade and Economic Diversification” (STED) in Eygpt, under the Aid for Trade Initiative for Arab States (AfTIAS) program.
The partnership agreement was signed by Nasser Al-Thekair, general manager of trade & business development, on behalf of Hani Salem Sonbol, chief executive of ITFC, and Christophe Perrin, deputy director general for operations and partnership, ILO.
The signing took place during the closing session of the “Youth and Employment in North Africa” conference on the sidelines of the WTO Public Forum 2017 in Geneva.
The two organizations partnered together in 2015 for the implementation of the first phase in Tunisia and Egypt. The new agreement builds on the success of the first phase and meets Egypt’s request to support capacity building of the newly established Food Safety Authority, in particular its training function, and to upgrade training curricula for the furniture sector.
Al-Thekair said: “I am pleased with our successful partnership with ILO to work on such important programs like STED.”
“ITFC believes that providing trade support that contributes to expanding employment opportunities, especially for young people, is at the core of our developmental mandate. We will work together with ILO to help close skill gaps and increase opportunities for trade and economic diversification in Egypt,” he added.
It is worth mentioning that in Egypt, two export sectors have benefited from the STED analysis in 2014, namely the wood & furniture sector and the food processing industry. The newly established Food Safety Authority will require considerable capacity building of their staff to fulfil its mission. In addition, the furniture sector has been identified as a priority sector in the newly launched industrial development strategy of the ministry. STED will provide the support to achieve growth and decent employment creation, which in turn will increase exports and contribute to the socioeconomic development.


RLC Global Forum places Kingdom at center of future of retail

Updated 16 January 2026
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RLC Global Forum places Kingdom at center of future of retail

The RLC Global Forum will return to the Saudi capital on Feb. 3–4 to shape the future of retail and consumer-facing industries at a defining moment for growth against a backdrop of shifting cross-border commerce, evolving consumption patterns, and the global AI imperative.
As the world’s economic and cultural gravity continues to shift, Riyadh stands at the intersection of transformation by connecting East and West, tradition and innovation, and providing the ideal stage for this global dialogue.
The forum’s launch coincides with the announcement of two strategic partnerships with Cenomi Centers and Panda Retail Company, highlighting Saudi Arabia’s emergence as a driving force in the global growth narrative.
Speaking to Arab News ahead of the annual forum, Panos Linardos, chairman of RLC Global Forum, said the event enables decision-makers to create a sustainable growth and innovation strategy in retail by monitoring major transformative forces affecting worldwide leaders. 
“At the 2026 RLC Global Forum, the priority is not identifying trends — in fact most leaders already see the signals — but understanding how those forces collide and reshape decision-making. This year’s agenda reflects a world at a growth crossroads: capital is more disciplined, consumers are more selective, and traditional operating models are under strain,” said Linardos.
“This year we are focused on three interconnected questions. First, where does enduring growth come from when scale alone no longer guarantees resilience? Second, how are power and value shifting across the retail ecosystem? And third, how do markets like Saudi Arabia move from rapid expansion to sustainable, system-level value creation?” said the chairman.
“We believe that retail does not operate in isolation. That is why the forum is structured to examine these dynamics across retail, real estate, technology, and investment as a single interdependent system. This integrated view, rather than siloed thinking, is where meaningful strategy now takes shape,” he added.
The forum will convene more than 2,000 senior decision-makers in Riyadh, with participants spanning global retail groups, sovereign-linked investors, developers, technology platforms, policymakers, and academic institutions from more than 40 countries.
“What matters most, however, is not scale but composition. You must understand that this is an invitation-only audience shaped deliberately around decision-making authority. CEOs sit alongside ministers, investors alongside operators, and academics alongside practitioners, not to offer commentary, but to interrogate assumptions and test strategies against real-world constraints,” said Linardos.
What distinguishes the forum is its ability to bring global perspectives into direct conversation with regional realities.
“As Saudi Arabia’s role in global trade, tourism, and consumer markets accelerates, that intersection has become increasingly relevant for leaders reassessing how and where growth is built,” he said.
Reports indicate that retail sales in the Kingdom are forecast to reach $161.4 billion by 2028. “The scale of the opportunity is clear, but the more interesting question is how that growth is shaped,” Linardos told Arab News. “Demographics, digital adoption, tourism growth, and large-scale urban development are converging at once. That creates opportunity, but also raises the bar. The next phase of retail growth in the Kingdom will favor models that integrate physical space, digital infrastructure, cultural relevance, and operational discipline.”
At the 2026 RLC Global Forum, many of the discussions center on this transition, he said.
The Kingdom’s advantage lies in its ability to design ecosystems where retail, hospitality, culture, and experience reinforce one another. Creating this long-term, integrated value is a core focus of the discussions at the forum, he added.
Commenting on the forum’s role in the future of the Saudi retail landscape, Linardos said: “Saudi Arabia does not need another conference to showcase ambition. What it benefits from — and increasingly demands — is a platform for informed, global dialogue grounded in execution. The RLC Global Forum plays that role by positioning Saudi Arabia not as a case study, but as a strategic participant in shaping the future of retail and consumer economies.”
“By bringing global leaders into Riyadh, the forum allows for an exchange that is both outward-looking and locally anchored. As the Kingdom moves from rapid transformation to long-term institution building, these conversations become more consequential. The forum is thus a critical catalyst in translating Vision 2030’s ambitions into a resilient, global-market reality,” he added.
The RLC Global Forum is a leading platform that brings together the world’s most influential retail leaders, innovators, and policymakers to drive positive industry change. It marks the next phase of the Retail Leaders Circle’s 12-year mission to connect and empower decision-makers across the retail and consumer-facing sectors.
Through high-level dialogue and strategic cross-industry initiatives, the forum addresses the long-term forces defining the trajectory of retail and its interconnected ecosystems.
Alongside the annual retail forum in Riyadh, the RLC Global Forum curates a calendar of high-profile events around the world, including the CEO Summit in New York and the RLC Fashion Summit in Milan.