Political, Economic Meetings on Saudi Crown Prince’s Agenda in New York

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Time:  March 26, 2018

Upon his arrival in New York after a busy day in Boston, Massachusetts, Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, launched a series of intensive activities to open new horizons of cooperation and investment between the major financial and economic institutions in Saudi Arabia and the United States.

The Crown Prince will hold meetings with CEOs, senior US businessmen and representatives of major Wall Street banks, as well as a Tuesday afternoon meeting with UN Secretary-General Antonio Guterres.

Crown Prince’s long program includes meetings with prominent political, financial and economic figures starting on Monday, including high-level meetings with international corporate executives of the hospitality and hotel industry partners of the Red Sea Beach Tourism Project.

Reports stated that Prince Mohammed is set to meet Monday former New York Mayor Michael Bloomberg during a dinner banquet. Bloomberg is considered one of the world’s prominent businessmen and business leaders.

Tuesday will be the highlight of the Crown Prince’s activities, as major financial institutions in New York are looking forward to his sponsorship and participation in the Saudi-US CEO Forum. The forum will be attended by influential economic figures, like CEO of JPMorgan Jamie Dimon, CEO of KKR and Co. Henry Kravis, and CEO and president of NASDAQ Adena Friedman.

Reuters quoted a person familiar with the matter as saying that BlackRock senior executives Philipp Hildebrand and Mark Wiseman will attend the event. DowDuPont Executive Chairman Andrew Liveris, who is listed as co-chair of the Saudi-US forum, will also be in attendance.

Furthermore, the Saudi Crown Prince is set to meet Tuesday afternoon with UN Secretary-General Antonio Guterres and senior UN officials.

Asharq Al-Awsat learned from a UN source that the talks will focus on “the tense situation in several Arab countries and the role of Saudi Arabia in establishing stability in the region.”
On Thursday, Blackstone Group LP CEO Stephen Schwarzman will host an event for the Crown Prince.

During his last day in New York, the Crown Prince will hold several meetings in the morning and later he will meet with technology companies like SoftTech.

Crown Prince Mohammed has lined up stops in Houston, Los Angeles, San Francisco and Seattle to cultivate investments.

Saudi Arabia’s Minister of Energy and Mineral Resources Khaled al-Falih said his country would go ahead with Aramco’s initial public offering (IPO) on a global stock market such as London or New York during the second half of 2018, in spite of previous reports about possible shelving till next year.

On the sidelines of Crown Prince’s visit to New York, Misk Institute of Arts will hold its second exhibition at the Philips Expo Center.

The four-day exhibition will showcase art and cultural works reflecting Saudi heritage under the title “Saudi Contemporary Art”. It will also screen a documentary entitled “Reframe Saudi”, which talks about the current Saudi life through the eyes of Saudi young men and women.

Executive Director of Misk Institute of Arts Ahmed Mater indicated that the institute works on helping Saudi youth show their talent, represent their country in international exhibitions and present their country’s culture and arts, It also encourages cultural exchange and interaction with others within the Kingdom and abroad, he explained.

Speaking on “Reframe Saudi”, Mater stated that the documentary is based on virtual reality technology, adding: “it talks about a society that has a rich diversity. It presents the picture through the perspective of the new generation of contemporary artists on the new stage the Kingdom is witnessing socially and economically.”

Misk Institute of Arts, part of the Prince Mohammed bin Salman bin Abdulaziz Foundation “Misk Foundation”, aims to promote cultural production at the local level, and promote cultural diplomacy and knowledge exchange.

This article was first published ASHARQ AL-AWSAT

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