Beijing to host New Economy Forum in November

Updated 21 May 2019
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Beijing to host New Economy Forum in November

Bloomberg and the China Center for International Economic Exchanges has announced that the 2019 New Economy Forum will be held in Beijing from Nov. 20 to 22 on the shores of Yanqi Lake, looking out at the Great Wall. Nearly 500 of the world’s most influential business executives, technology innovators, government officials, experts and academics from over 60 countries and regions will gather in Beijing to propose solutions to the massive disruption that is occurring, as the balance of global economic power shifts toward the Asia Pacific. 

These include Michael R. Bloomberg, Dr. Henry A. Kissinger, Bill Gates, Zeng Peiyan, Condoleezza Rice, Strive Masiyiwa, Jack Ma, Lawrence H. Summers and Lubna Al-Olayan from Saudi Arabia

Launched in 2018 by Bloomberg, the New Economy Forum is committed to promoting the smooth transition from the old economy — one based on labor-intensive manufacturing and trade in goods — to a new one focused on industrial automation, digital services and exchanges of data. 

“We are experiencing a period of profound change in the world, where new economic centers are emerging, new trading alliances are being formed and new technologies are upending industries,” said Bloomberg. “The New Economy Forum will address these seismic shifts through high-level and frank dialogue, while also fostering private-public collaboration. China is an integral part of these discussions, and the New Economy Forum will bring leaders there from around the world to tackle common challenges and advance our shared interests”


German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC

Updated 09 February 2026
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German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC

Juffali recently welcomed German Federal Minister of Economy and Energy Katherina Reiche, during an official visit to the Juffali Industrial Business Park in King Abdullah Economic City, in the presence of Khaled Juffali, chairman of Juffali, and senior executives. The visit, on Feb. 2, marks a significant milestone in strengthening Saudi–German industrial cooperation.

Covering a total land area of 400,000 square meters, the business park serves as a strategic platform for advanced manufacturing and industrial localization in the Kingdom. The visit highlighted key joint industrial projects developed in collaboration with leading global partners, reflecting a shared commitment to long-term investment, technology transfer, and local value creation.

The official program included welcoming remarks and ceremonial milestones, during which Liebherr laid the foundation stone for its factory, while Juffali Industrial Products Company and National Automobile Industry placed the cornerstone for their manufacturing facility, symbolizing the advancement of two flagship industrial projects within the business park.

The Juffali Industrial Products Company and National Automobile Industry facility will have an annual production capacity of 6,000 trucks, while Liebherr’s plant is designed to produce up to 1,000 concrete mixers annually. Both facilities will operate with 100 percent local assembly and manufacturing in Saudi Arabia, reinforcing the Kingdom’s localization agenda and supporting the development of national industrial capabilities.

These projects represent a significant addition to Saudi Arabia’s industrial ecosystem and align closely with the objectives of Saudi Vision 2030, supporting sustainable industrial growth, job creation, and high-value manufacturing.

Khaled Juffali reaffirmed Juffali’s commitment to expanding international partnerships and contributing to the Kingdom’s economic diversification through long-term industrial collaboration with leading global partners, further strengthening KAEC’s position as a regional hub for advanced manufacturing.