Saudi financial sector shows off wares to global audience | Arab News:
At lunchtime on Tuesday, the headcount of attendees for Saudi Arabia’s latest international financial extravaganza stood at 3,400, and rising. By the time you read this in print or online, it will probably have topped the 4,000 mark and still heading upward.
Organizers at the Financial Sector Conference, which opens in the world-renowned Ritz-Carlton conference hall in Riyadh on Wednesday morning, said informally that some 3,400 attendees had signed up for the two-day showcase of the Kingdom’s financial industry, and that more were registering at an impressive rate.
This is the first time Saudi Arabia has specifically highlighted the progress its financial sector has made within the Vision 2030 strategy to diversify its economy away from oil dependency. Of course, finance was a big feature of the Future Investment Initiative (FII) held in successive years at the same venue, which earned the epithet “Davos in the desert,” but the Kingdom’s policymakers obviously felt that finance was so important to the overall Vision that it needed its own event.
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