By Olivier Holmey
On May 3, more than 1,600 bankers, investors and government officials gathered at the Al Faisaliah hotel in Riyadh to attend Euromoney’s annual Saudi Arabia conference.
Just a week after the announcement of perhaps the most ambitious development plan in the Kingdom’s history, there was enthusiastic talk of reform and, most importantly, diversification of the economy away from the natural resource that has driven Saudi growth since the 1940s: oil.
Nearby, at the Mena Hotel, a more humble seminar was taking place.
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