JEF to focus on national transformation

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Time: April 16, 2018

JEDDAH: This year’s Jeddah Economic Forum (JEF) will reflect Custodian of the Two Holy Mosques King Salman’s vision for realizing national transformation, Asharq Al-Awsat reported.
Stating that the activities of the 15th edition of the forum being held in March are being planned in accordance with King Salman’s vision, the JEF’s organizing committee said the forum will also focus on the programs of the Council of Economic and Development Affairs, aiming to reinforce the Kingdom’s economic capacity for diversification and thus secure it against future challenges.
The JEF will be themed “Cooperation for a stronger economy featuring both the public and private sector companies.”
The forum’s presentations will address responsible bodies, especially the Council of Economic and Development Affairs.
Moreover, the forum activities will present 20 internationally acclaimed modules for privatization. The exposition will aim to scrutinize the best of methods and benefits from them, and avoid loopholes the other methods have experienced.
Lama Al-Sulaiman, elected deputy chairwoman of the Jeddah Chamber of Commerce and Industry (JCCI), who will also be supervising the JEF, stated that the activities will include presentations from international experts on possible strategies for transforming the Saudi economy.
The JEF is now considered to be the second largest global economic event, and claimed to be second only to the annual Davos World Economic Forum.
Al-Sulaiman pointed out that the forum sessions will be programmed in partnership with the Ministry of Economy and Planning, covering three phases.
There will be general sessions on the subject of privatization and all its relevant aspects in the first phase.
The second phase, which will be sector-oriented, will have presentation in 10 main sectors and their outlook on education, health, power, water, municipal affairs, housing, terrestrial transportation, airports, sea ports, and youth sponsorship.
The third phase of sessions will be closed, exclusive sessions, bringing official figureheads together with the private sector, during which the concerned parties will present the most important projects to be witnessed in the upcoming period.
The JEF will also feature the first round of eight sessions dedicated for privatization of sectors and partnerships, and how they can impact locally and globally. Project presentations related to the Saudi economy will be held behind closed doors.

This article was first published in Arab News

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