Royal Commission for Riyadh City, RLC Global Forum announce strategic partnership

RLC Global Forum in 2025. Supplied
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Updated 03 February 2026
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Royal Commission for Riyadh City, RLC Global Forum announce strategic partnership

  • Partnership reinforces Riyadh’s role as a global hub for retail leadership, investment, and economic transformation
  • Forum set for Feb. 3–4 will gather top business luminaries and decision-makers

RIYADH: The Royal Commission for Riyadh City and RLC Global Forum have announced a strategic partnership, reinforcing the Saudi capital's position as a global platform for retail leadership, investment, and economic transformation.

Under the partnership, the RCRC will serve as title partner and a principal public-sector partner, supporting alignment between the RLC Global Forum’s agenda and Riyadh’s development priorities, while bringing global perspectives in line with Saudi Arabia’s transformation agenda.

“Retail is an important enabler of Riyadh’s economic and urban future,” said Martyn Davies, head of city excellence at the RCRC.

“This partnership reflects our focus on building globally competitive systems that support investment, productivity, and long-term city performance in line with the objectives of Vision 2030,” he added

“Riyadh has emerged as one of the most consequential cities globally for the future of retail, lifestyle, and urban innovation,” said Panos Linardos, chairman of RLC Global Forum.

“Our partnership with the RCRC ensures that the forum elevates global discourse while directly advancing the Kingdom’s transformation agenda,” added Linardos.

The Fashion Commission and RLC Global Forum have also announced a strategic collaboration that will bring together leading figures from the fashion, retail, investment, and policymaking sectors in Riyadh, reinforcing the city’s position as a global hub for dialogue and for shaping the future of the fashion and retail industries.

The forum will connect leaders from fashion houses, retail groups, investment institutions, and government entities, fostering dialogue that links creativity with economic growth and supports the sector’s long-term development.

Burak Cakmak, CEO of the Fashion Commission, said: “Fashion today is deeply connected to global culture, capital, and influence. 

“This collaboration creates a space for meaningful dialogue between international leaders and the wider fashion ecosystem. 

“It reflects our commitment to building a globally engaged, future focused fashion sector that is open, connected, and ready for long-term growth.”

The RLC Global Forum is taking place on February 3 and 4 at the Fairmont Riyadh under the strategic theme “Growth Crossroads.”

The 2026 forum will explore six defining themes that capture the transformation reshaping global trade, consumption, and leadership: Growth in a Reordered World, AI and the Power of Multipliers, Global South as Growth Engine, Experience as Growth Infrastructure, Future Consumer Order, and Leadership Beyond Resilience.

The forum is designed as an exclusive, invitation-only experience and will bring together more than 2,000 global leaders, policymakers, and innovators from over 40 countries to define the next chapter of growth across retail, consumer, and lifestyle industries.

The forum will convene leaders from across the public and private sectors, reflecting the forum’s role as a trusted platform for senior-level engagement at the intersection of policy, investment, and industry leadership.

Hamat, a leading visionary shaping the Kingdom’s modern retail landscape, and Apparel Group, a global fashion and lifestyle retail conglomerate, have confirmed their role as headline partners.

Abdullah Al Tamimi, CEO of Hamat, said: “Retail is entering a new phase where growth is driven by relevance, resilience, and real economic value. Vision 2030 has positioned retail and lifestyle destinations as core drivers of development in Saudi Arabia, and at Hamat we are responding by developing and operating destinations built on genuine demand and strong commercial fundamentals. 

“Our strength goes beyond the destinations we create, extending to our team and the way we do business. We look forward to engaging with industry leaders at the RLC Global Forum and contributing to the next chapter of retail.”

Apparel Group’s CEO, Neeraj Teckchandani said: “Participating in the 2026 RLC Global Forum reflects our belief in open dialogue, strategic collaboration, and long-term thinking. Apparel Group continues to evolve alongside the markets we operate in, and this forum provides a meaningful platform to engage with leaders shaping what comes next for global retail.”

This year’s programs include a conference in the plenary hall, hybrid hall with leading companies showcasing their latest products, strategic workshops designed to provide critical learning, roundtables, stage tracks with strategic sessions focused on critical topics, providing deep dives into specific categories and industry trends, RLC Lifetime Achievement Awards for key industry leaders, and deal signings where partnerships and agreements will be sealed, showcasing collaboration and strategic growth within the industry.


India and US release a framework for an interim trade agreement to reduce Trump tariffs

Updated 07 February 2026
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India and US release a framework for an interim trade agreement to reduce Trump tariffs

  • Under the deal, tariffs on goods from India would be lowered to 18 percent, from 25 percent, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil, Trump had said.

NEW DELHI: India and the United States released a framework for an interim trade agreement to lower tariffs on Indian goods, which Indian opposition accused of favoring Washington.
The joint statement, released Friday, came after US President Donald Trump announced his plan last week to reduce import tariffs on the South Asian country, six months after imposing steep taxes to press New Delhi to cut its reliance on cheap Russian crude.
Under the deal, tariffs on goods from India would be lowered to 18 percent, from 25 percent, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil, Trump had said.
The two countries called the agreement “reciprocal and mutually beneficial” and expressed commitment to work toward a broader trade deal that “will include additional market access commitments and support more resilient supply chains.” The framework said that more negotiations will be needed to formalize the agreement.
India would also “eliminate or reduce tariffs” on all US industrial goods and a wide range of food and agricultural products, Friday’s statement said.
The US president had said that India would start to reduce its import taxes on US goods to zero and buy $500 billion worth of American products over five years, part of the Trump administration’s bid to seek greater market access and zero tariffs on almost all American exports.
Trump also signed an executive order on Friday to revoke a separate 25 percent tariff on Indian goods he imposed last year.
Indian Prime Minister Narendra Modi thanked Trump “for his personal commitment to robust ties.”
“This framework reflects the growing depth, trust and dynamism of our partnership,” Modi said on social media, adding it will “further deepen investment and technology partnerships between us.”
India’s opposition political parties have largely criticized the deal, saying it heavily favors the US and negatively impacts sensitive sectors such as agriculture. In the past, New Delhi had opposed tariffs on sectors such as agriculture and dairy, which employ the bulk of the country’s population.
Meanwhile, Piyush Goyal, Indian Trade Minister, said the deal protects “sensitive agricultural and dairy products” including maize, wheat, rice, ethanol, tobacco, and some vegetables.
“This (agreement) will open a $30 trillion market for Indian exporters,” Goyal said in a social media post, referring to the US annual GDP. He said the increase in exports was likely to create hundreds of thousands of new job opportunities.
Goyal also said tariffs will go down to zero on a wide range of Indian goods exported to the US, including generic pharmaceuticals, gems and diamonds, and aircraft parts, further enhancing the country’s export competitiveness.
India and the European Union recently reached a free trade agreement that could affect as many as 2 billion people after nearly two decades of negotiations. That deal would enable free trade on almost all goods between the EU’s 27 members and India, covering everything from textiles to medicines, and bringing down high import taxes for European wine and cars.
India also signed a comprehensive economic partnership agreement with Oman in December and concluded talks for a free trade deal with New Zealand.