The Business End
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.