growth in real estate and small business sectors key
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

To Saudi Vision 2030 Success

Growth in Real Estate and Small Business Sectors Key

Egypt Today, egypt today

Egypt Today, egypt today Growth in Real Estate and Small Business Sectors Key

Saudi Arabia’s Vision 2030
Riyadh - Arab Today

The growth of a stable real estate market and creation of a sustainable small and medium-sized enterprise (SME) sector are fundamental to the success of the Kingdom of Saudi Arabia’s Vision 2030, said government leaders and financial executives attending the second and final day of the 12th Euromoney Saudi Arabia Conference in Riyadh today, held in partnership with the Ministry of Finance.
H.E. Mr. Majed bin Abdullah Al-Hogail, Minister of Housing, delivered day two’s opening keynote address and outlined the country’s ambitious plans to facilitate the sufficient supply and demand necessary to ensure a sustainably robust real estate market.
At the beginning of 2017, the Kingdom of Saudi Arabia launched a housing programme designed to handover up to 120,000 units to citizens over the year, to complement the goals of Vision 2030. The Sakani programme is part of efforts to support the housing needs of around 280,000 families by the Ministry of Housing.
Senior executives from Saudi Arabia’s real estate sector took part in a panel discussion, including Abdulrahman Bajunaid, Chief Executive Officer of RAFAL Real Estate Development Company; Imad Damrah, Managing Director KSA of Colliers International; and Faisal Shaker, Acting Chief Investment Officer of Jabal Omar Development Company.
As well as real estate, the Kingdom’s Vision 2030 outlines a key role for small businesses and new start-ups. One of the stated goals of the programme is to increase the SME contribution to GDP from 20 percent to 35 percent.
H.E. Dr. Ghassan Ahmed Al Sulaiman, Governor, General Authority for Small and Medium Enterprises, spoke about the need for the Kingdom’s smaller businesses to be given the necessary support to succeed in increasingly competitive domestic and international markets.
Also onstage to discuss the SME topic were Hanouf Alajmi, Entrepreneur Selection and Growth Manager at Endeavor Saudi; Nawaf Attaf Al Sahhaf, Chief Executive Officer of Badir Program for Technology Incubators; Layth Al-Shaiban, Country General Manager – Saudi Arabia at Qatar National Bank; and Craig Smith, Chief Executive Officer, Dharan Techno Valley Company.
The conference closed with a panel discussion on the country’s equity capital markets, with topics covering Saudi Aramco’s much-anticipated IPO and other privatisations.
Panellists included Bader Al-Ghanim, Executive Vice President and Head of MENA Asset Management at Global Investment House; Faris Al Ghannam, Head of Investment Banking Advisory with HSBC Saudi Arabia; Sultan Al Nugali, Head of Asset Management at Al Bilad Capital; Irfan Ellam, Head of Equity Research with NCB Capital; Aasim Qureshi, Managing Director at QNB Capital; and Abdullah Shahadah, Head of Asset Management, GIB Capital.
More than 1,800 delegates registered to attend the conference, which saw presentations and interviews with senior ministers from the Kingdom, including H.E. Mr Mohammed Al-Jadaan, Minister of Finance, H.E. Dr Ahmed Abdulkarim Alkholifey, Governor, Saudi Arabian Monetary Authority and CEOs and executives from some of the world’s largest banks.
Mohamed Kharboush, Conference Director, Euromoney Conferences said: “This year’s Euromoney Saudi Arabia Conference has provided in-depth insight into the momentum that is building to support the goals of Vision 2030, as well as the challenges that lie ahead. There have been remarkable contributions from thought leaders and senior executives from within Saudi Arabia and from across the global banking industry. We look forward to returning to the Kingdom for the 13th edition in 2018.”
The largest financial conference of its kind in the Kingdom, The Euromoney Saudi Arabia Conference continues to drive economic debate and essential insight for financiers from KSA and around the world.  

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

growth in real estate and small business sectors key growth in real estate and small business sectors key



GMT 09:46 2017 Saturday ,11 November

Four dead as Yemen troops clash with Al-Qaeda

GMT 14:47 2013 Tuesday ,26 March

Armed Islamists vow to continue fight in Mali

GMT 13:11 2016 Wednesday ,14 December

Sochaux topple Marseille in French League Cup

GMT 07:12 2017 Thursday ,24 August

Fugitive Venezuelan prosecutor says life in danger

GMT 06:47 2017 Wednesday ,04 January

Trump picks Robert Lighthizer as trade Representative

GMT 01:47 2012 Tuesday ,03 January

Kim Kardashian New Hairstyle

GMT 13:31 2012 Wednesday ,28 November

AHG, Emaar in talks on investments

GMT 11:54 2013 Saturday ,28 September

Former UW student accused of threatening school

GMT 05:43 2017 Tuesday ,21 February

CEFC China Energy wins 4% stake in UAE oil project

GMT 09:23 2013 Saturday ,28 September

Taliban victim Malala pleads at UN

GMT 07:32 2016 Thursday ,15 September

The many faces of the hajj pilgrimage

GMT 04:59 2017 Saturday ,11 March

FM receives IFAD's Regional Director

GMT 08:46 2017 Sunday ,15 October

Egypt's Amer picked best governor in region

GMT 20:43 2016 Wednesday ,11 May

Libya's Sarraj arrives in Cairo

GMT 05:19 2017 Saturday ,18 February

8 Killed in Knife attack in China's Xinjiang Region

GMT 07:48 2011 Wednesday ,22 June

Designer Galliano claims drink, drug addiction

GMT 06:10 2011 Wednesday ,23 November

Six great dates that won\'t break the bank

GMT 05:23 2011 Friday ,18 November

9 Things men hesitate to tell women

GMT 18:43 2012 Thursday ,01 March

US women gets life

GMT 12:38 2016 Monday ,01 August

South Korean women on tee

GMT 14:36 2012 Wednesday ,25 January

U.S. workers under pressure to improve skills
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday