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Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi Arabia, a pathway to achieve Saudi Vision 2030”

06-21-2016 06:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nispana

Saudi Privatization Summit 2016 – “Unlocking the hidden

The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030.

Diversifying traditionally-oil based economies and reducing the reliance on oil has become a key issue in the Middle East. “Independence from Oil revenues”, Saudi Arabia’s latest announcements, including a share-sale in the world’s biggest oil company, is fast tracking the process of private sector participation. Private wealth in the Middle East has been estimated at $1.5 trillion. The Kingdom’s economic diversification and transformation is encouraging a progressive political environment, more liberal immigration policy and a robust economy. Radical reforms in the Middle East are in search for more fair economic opportunities. The Saudi Vision 2030, a challenging move, aiming to substitute nationalization with a liberal economic and social approach is presenting a favorable opportunity for companies globally to invest reliable long term capitals in a wide range of sectors like education, healthcare, energy, utilities, culture & tourism, aviation, and hospitality etc. Middle East's investment needs are high and its shortage of foreign capital has created a demanding situation. “Privatization” in Saudi Arabia has reciprocated some intriguing forecasts. SAR 41 Billion Public & Private partnership investments in the Healthcare sector, 11 Airports to be privatized, increasing Umrah performers and visitors to 30 million, reducing unemployment to 7.6% from the present 11%, adding women’s participation in the workforce to 30% from the present 22%, mining sector to opportune more than 90,000 jobs, 295 hospitals to be privatized with value of health services provided exceeding SAR 12 Trillion, 75 star hotels to open in Saudi Arabia by 2020, construction sector has projects worth 442 Billion in pipeline followed by transport with USD 228 Billion and Power with USD 170 Billion. Boosting the country’s economy, creating jobs for the youth populations of Saudi which is supporting the Kingdom’s Nationalization drive, building competitiveness, women empowerment, improve quality of services, building promising economic sectors, fostering transparency and transfer of knowledge & technology into the Kingdom without compromising the sustainable success.

Nispana Innovative Platforms has established the demand to garner champions with competent know-how to host the inaugural “Saudi Privatization Summit” which is aligned to Saudi Arabia’s Vision 2030, by congregating national & international experts and stakeholders from this sector to discuss the opportunities and challenges in privatization. This Summit will be a perfect gateway to reach C-level executives like Chief Investment Officers (CIOs), Chief Executive Officers (CEOs), Chief Financial Officer (CFOs), Chairmen, Managing Directors, Presidents and Vice Presidents, to collaborate and evaluate the development of relevant legislations and issues affecting privatization framework.

Nispana Innovative Platforms Pvt. Ltd., a global provider of the finest business intelligence solutions today provides business leaders around the world with real time competitive B2B platforms. Working towards providing a multi-dimensional business catalyst, focusing on re-education, networking and most importantly deal making opportunities for all attendees is what we strive towards. Complimentary to the product offerings we also are your compliance and accreditation specialists.

Media Contact Details:-
Arnab Das
Manager- Marketing and Communications

Nispana Innovative Platforms
#270 , Sivanik , 2nd Floor , 14th Cross ,
Indiranagar 2nd Stage
Bangalore, Karnataka–560 038 , India

+91 80 4933 1000
Email – arnab.das@nispana.com
Website – www.nispana.com/sps

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