The Busi­ness End

Riyadh Business Travel Guide - - RIYADH -

RIYADH HAS ex­pe­ri­enced rapid ex­pan­sion in both pop­u­la­tion and in­fra­struc­ture in its re­cent his­tory; only 100 years ago it was sim­ply a dowdy walled town that pro­vided a stop­ping point on a trade route through the city.

The city was made the cap­i­tal of Saudi Ara­bia when the coun­try was born in 1932 and has since worked tire­lessly to cre­ate a rep­u­ta­tion in both cul­ture and busi­ness acu­men to make the city a suc­cess,

and a nat­u­ral choice for busi­ness trav­ellers the world over.

Riyadh is a part of both Saudi Vi­sion 2030 and Na­tional Trans­for­ma­tion Pro­gramme 2020, both of which are plac­ing a large amount of em­pha­sis on in­creas­ing pri­vate sec­tor in­volve­ment, while also work­ing to in­crease pri­vati­sa­tion and in­vest­ment of a large num­ber of Gov­ern­ment busi­nesses as well as de­vel­op­ment of a va­ri­ety of in­dus­tries.

As both the fi­nan­cial and po­lit­i­cal cap­i­tal of Saudi Ara­bia, Riyadh is now work­ing on de­vel­op­ments in var­i­ous in­dus­tries such as min­ing in or­der to re­form it and stim­u­late both growth and job op­por­tu­ni­ties. Look­ing to ob­tain an en­vi­ron­men­tally friendly sta­tus is

be­com­ing an in­creas­ingly im­por­tant topic of con­ver­sa­tion, and the city is sub­se­quently aim­ing to re­duce de­pen­dence on hy­dro­car­bons by 2020. Whilst work­ing on this, there is also a fo­cus on the oil & gas in­dus­try and con­tin­ued lo­cal­i­sa­tion in the sec­tor; in­creas­ing gas pro­duc­tion and its na­tional gas dis­tri­bu­tion net­work in the process.

In the present day Riyadh pro­vides the per­fect plat­form to gather busi­ness pro­fes­sion­als the world over, with a prime ex­am­ple be­ing Saudi Ara­bia’s fourth ac­count­ing and au­dit­ing con­fer­ence at Al Faisaliah Ho­tel. Busi­ness, fi­nance and gov­ern­ment lead­ers the world over will gather to dis­cuss the plans for suc­cess driven by Saudi Ara­bia’s Vi­sion 2030.

Newspapers in English

Newspapers from Saudi Arabia

© PressReader. All rights reserved.