The BMG Financial Group’s 17th Economic Forum took place at the London Stock Exchange, under the slogan “Why Saudi Arabia?” Why now?
The forum covered the attractive investment prospects in the Kingdom of Saudi Arabia, which attract investors from around the globe.
Why London?
This significant event earned a spot to take place in London due to:
A Place in Global Finance: It is a major hub for worldwide finance, home to the London Stock Exchange, one of largest and most reputable stock exchanges in the world.
A Global Platform for Exhibiting Investment Possibilities: London offers a perfect setting for showcasing Saudi Arabia’s attractive investment potential to global investors.
Close Historical Ties: Due to the close historical ties between the United Kingdom and the Kingdom of Saudi Arabia, London is an appropriate location for a meeting intended to boost bilateral collaboration in several disciplines.
Speakers and Attendees:
A select group of professionals and speakers, including Mr. Basil Al-Ghalayini, Chairman of BMG, and Mr. Tom Attenborough from the London Stock Exchange, as well as speakers from a variety of industries, including healthcare, artificial intelligence, and geopolitical developments, participated in the forum.
In addition to the attendance of investors, chiefs of investment funds, and CEOs from both kingdoms and other nations.
Topics Forum Mostly Addresses:
The forum addressed several significant subjects, such as:
Sustainability: Saudi Arabia’s dedication to global sustainability objectives, draws capital to green technology and renewable energy initiatives.
Mega Projects: Outlining the most recent advancements in the major initiatives carried out by the Kingdom of Saudi Arabia, including the NEOM, Red Sea, and Diriyah Gate projects.
Healthcare and Artificial Intelligence: Highlighting the Kingdom of Saudi Arabia’s cutting-edge advancements in the healthcare industry and the contribution of AI to raising the standard of medical treatment.
The Private Sector: Stressing the private sector’s critical role in driving economic development in Saudi Arabia and drawing in foreign direct investment.
Geopolitical Developments: Discuss the effects of global and regional geopolitical changes on the Saudi economy.
Dual Listings: Examining Saudi corporations’ options for dual listing on international stock platforms like the London Stock Exchange.
Initial Public Offerings (IPOs) of Hajj and Umrah Companies: an analysis of investment prospects and the function of IPOs in the growth of the Hajj and Umrah industry.
BMG Economic Forum Objectives:
The main goals of the forum were to emphasise economic changes and potential investment possibilities in the Kingdom, particularly in the areas of technology, health care, and the Hajj and Umrah. As well as to increase economic cooperation between the Kingdom of Saudi Arabia and Britain.
Chairman of BMG’s Board of Directors, Mr. Basil Al-Ghalayini, emphasised that the forum’s goal is for the organisation to serve as a strategic partner for the government, particularly the Ministry of Investment, in promoting alluring investment prospects in the Kingdom.
Al-Ghalayini continued, stating that the event featured major industries and undertakings in Saudi Arabia, such the Diriyah project, which has commenced operations and residential unit sales.
He noted that the institutional transformation of Hajj and Umrah companies was one of the major themes covered by the conference. This would have a big influence on raising the added value of the national economy and boosting the quality of services offered.
Additionally, he mentioned that around ten of the forum’s member companies seek to list on a stock exchange.
Signed Agreements:
The BMG Financial Group has concluded several strategic partnerships, such as memorandums of understanding and agreements designating the group as an advisor and regulator of listing activities in the market, resulting in notable accomplishments.
These partnerships demonstrate BMG’s unwavering dedication to fostering investments and advancing businesses’ institutional change.
A key project in the sector of logistics services, the construction of an airport specifically for air cargo, was one of the most notable investment possibilities recently inked.
The objective of this airport is to offer supplementary services to one of the busiest airports globally, Heathrow Airport.
Conclusively, this forum signifies a significant turning point in the advancement of economic ties between the Kingdom of Saudi Arabia and the United Kingdom, and it gives many opportunities for collaboration and reciprocal investment between the two nations.
With the help of this forum, we hope to improve the Kingdom of Saudi Arabia’s standing as a top location for foreign direct investments and draw in more of them, which will help the Saudi economy grow and diversify.
Furthermore, the event offers an excellent chance to expand collaboration in some areas between the two nations, enhancing the flow of information and experiences and assisting in the realisation of sustainable development.
Regarding the intended outcomes, we anticipate that this event will support economic expansion and increase job prospects for young Saudis, so promoting greater advancement and prosperity for both nations.
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