On the cusp of a new era, Saudi Arabia courts the world - The National:
"Next week, Saudi Arabia, the Arab world's largest economy and Opec's biggest oil producer, will court hundreds of movers and shakers from across the business world and government, as the kingdom presses on with its national and economic transformation initiatives, unfazed by detractors or the challenges ahead.
At a three-day event in Riyadh dubbed the Future Investment Initiative (FII), the kingdom’s 32-year-old crown prince, Mohammed bin Salman, will host the top echelons of technology superpowers and global banks. These include players like SoftBank, Citi and HSBC; regional investment heavyweights like UAE’s Mubadala Investment Company and Bahrain’s Mumtalakat; and some of the world’s biggest money managers like the Carlyle Group, BlackRock and Schroders.
“We are having this event after doing very daunting homework,” said Ihsan Buhulaiga, a Riyadh economist who heads Joatha Consulting. “The Saudi Arabian government has worked very hard for about two years and it is time to forge strategic partnerships and show the world what the kingdom can offer in terms of investments to the rest of the world.”"
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