Riyadh governor opens high-profile Saudi economic forum

1 / 2
Riyadh Gov. Prince Faisal bin Bandar speaks during the three-day Riyadh Economic Forum. (AN photo/Yazeed  Al-Samrani)
2 / 2
Riyadh Gov. Prince Faisal bin Bandar during the three-day Riyadh Economic Forum. (AN photo/Yazeed  Al-Samrani)
Short Url
Updated 23 January 2020

Riyadh governor opens high-profile Saudi economic forum

RIYADH: A high-profile conference to tackle some of the main challenges facing the Saudi economy was on Tuesday opened by Riyadh Gov. Prince Faisal bin Bandar.

Speaking at the opening session of the influential three-day Riyadh Economic Forum (REF), the prince praised the Saudi business community for its cooperation with the government in helping to strengthen the country’s economic fortunes.

The ninth edition of the forum, being held under the title “Human-Centered Economy,” will discuss some of the key future economic issues confronting the Kingdom.

Thanking King Salman for his patronage of the event, vice chairman of Riyadh Chamber and chairman of the forum’s board of trustees, Hamad Al-Shuwaier, said important recommendations linked to the Vision 2030 plan would be announced during the gathering.

These would be related to the areas of public finance reform, the nonprofit sector, future jobs, the environment, and reverse migration.

“What distinguishes the forum, which serves as a research center for national issues, is its focus on the principle of dialogue and participation between all concerned, specialized and responsible parties within the economic and social community, by intensifying meetings and promoting participation in all study discussions, with the aim of touching barriers in a close and intensive manner.

“Accurately diagnosing the facts gives accurate results when identifying solutions,” he added.

Special sessions of the forum will aim to generate practical suggestions and solutions to help with economic decision-making and to establish the principle of dialogue and participation among sectors of the business community.

In July 2019, the REF held a panel discussion at the chamber’s Riyadh headquarters on a study detailing the role of balanced economic development in reverse migration and sustainable and comprehensive development in the Kingdom.

Its focus was to identify the obstacles preventing the movement of young workers between towns and big cities, as well as highlighting ways to improve the quality of life in small urban centers through an analytical survey of industrial and service resources in different regions.

Al-Shuwaier noted that the forum was special in bringing together a broad range of intellectual and practical minds from government and private sector organizations covering many fields.

He added that the chamber was working on the final touches to transforming the forum into an independent economic think tank that served national economic issues.

Ajlan Al-Ajlan, chairman of the Riyadh Chamber of Commerce and Industry (RCCI), which organized the event, said the forum’s main objectives included using scientific studies and methodology to identify issues affecting the national economy, analyzing constraints on economic growth and working to combat them by learning from the experiences of other countries.

He pointed out that the forum coincided with the Kingdom’s presidency of the 2020 G20 summit of global leaders, being held in Riyadh in November, and that the eyes of the world would be on Saudi Arabia.

The forum is one of the participants in T20, an official G20 engagement group, with four topics related to important sectors discussed by the group.

The opening ceremony of the REF was followed by a session on future jobs, administered by Education Minister Hamad bin Mohammed Al-Asheikh. Delegates discussed employment requirements linked to the fourth industrial revolution and how to tackle the prospect of 40 percent of jobs becoming obsolete due to mechanization in the farming and industrial sectors.

The session highlighted that education should go hand in hand to prepare students for the jobs of the future.

Forum data showed its previous eight sessions attracted 33,938 attendees, an average of 4,243 participants per session.

Related


Governor accepts honorary presidency of Madinah’s Down Syndrome Association

Updated 05 August 2020

Governor accepts honorary presidency of Madinah’s Down Syndrome Association

MADINAH: Madinah Gov. Prince Faisal bin Salman has accepted the honorary presidency of Madinah’s Down Syndrome Association, the Saudi Press Agency reported on Tuesday.

The chairman of the association, Abdulmohsen bin Naif bin Hamid, along with the board’s members, thanked Prince Faisal for his decision.

The nonprofit association is pioneering the rehabilitation and education of children with Down syndrome in the Madinah region, providing programs for families and specialists.

The association, the first of its kind in the region, provides rehabilitation programs along with psychological, educational, speech, physical and occupational therapy services.

It works to promote early-intervention programs for young age groups, offering medical and social advice to children’s families as well as organizing consulting and rehabilitation evening clinics.

The association offers educational programs and helps integrate older age groups by guiding them toward a range of professions.