<b>Financing the future</b>
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<b>Financing the future</b>

Headline: Financing the future
Source: Euromoney
Date: July 2001
Author: Emily McDermott

       
Ibrahim Al-Assaf
Reform, liberalization, infrastructure investment and international borrowing were among the leading topics of discussion at Euromoney’s recent conference. Entitled Saudi Arabia: Financing the Future, this, the largest international conference of its scale in the Kingdom to date, took place on May 29-30 at the Al-Faisaliyah Center in the Olaya district of Riyadh. Euromoney organized and hosted the event along with co-organizer Council Saudi Chambers of Commerce and Industry and co-host Saudi Arabian General Investment Authority.

The conference, which was opened by Prince Salman Bin Abdul Aziz Al-Saud, the governor of Riyadh, is evidence of a newfound desire to attract foreign investment and know-how. Through the oil boom of the 1970s and 1980s there was no need to encourage outside investment. However, today nearly 60% of the Saudi Arabian population are young adults about to enter the work force so the government must create jobs. Opening the market both to foreign direct and portfolio investors is one way to stimulate economic growth and career prospects for the country.






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