Deals worth $65.5m signed on first day of labor conference

Over 15 MoUs were signed between several parties, including the Kingdom’s Ministry of Human Resources and Social Development, the Human Resources Development Fund, Riyad Bank, and Riyadh Airports Co., aiming to facilitate thousands of training and job opportunities. SPA
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Updated 13 December 2023
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Deals worth $65.5m signed on first day of labor conference

RIYADH: Agreements and memorandums of understanding worth SR246 million ($65.5 million) were signed on the first day of the Global Labor Market Conference in Riyadh. 

Over 15 MoUs were signed between several parties, including the Kingdom’s Ministry of Human Resources and Social Development, the Human Resources Development Fund, Riyad Bank, and Riyadh Airports Co., aiming to facilitate thousands of training and job opportunities. 

The MoU between the Ministry of Human Resources and Social Development and Riyad Bank stipulates that the two parties will cooperate to improve services provided to individuals with disabilities by identifying and removing obstacles that prevent their access and participation in the banking sector. 

In the aviation sector, an MoU between the Human Resources Development Fund and Riyadh Air aims to provide the necessary resources and expertise to establish a training program for the aviation company’s employees, focusing on female empowerment.

On its second day, the conference will see the signing of 80 agreements and MoUs on issues related to the labor market, such as the impact of artificial intelligence, inclusivity in the workplace, and the gap between the labor market and talents. 


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.