Business & Money | Tuesday 28 November, 2017 6:18 am |

The eighth round of the Riyadh Economic Forum, which is held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, will kick off on Monday.

Prince of Riyadh Faisal bin Bandar bin Abdulaziz will inaugurate the event on behalf of the King.

The three-day Forum is organized under the slogan "Tomorrow’s Economy is Built Today" amid economic movement in the kingdom that contributed to achieving advanced positions in indicators of ease of international business.

This session is important due to changes in the national economy, such as restructuring, building an economic base based on diversifying sources of income, optimizing the Kingdom's natural and human resources and integrating the philosophy of innovation and technological knowledge into the production system.

The first day of the forum will discuss a study on increasing the value added by exploiting and stimulating investment in the mineral wealth sector, which will be presented by SABIC's Business Strategies Manager Matar bin Awad al-Harthy.

The discussion panel will be chaired by Abdullah bin Issa al-Dabbagh, advisor to the Ministry of Energy, Industry and Mineral Resources, with the participation of the two debaters, Partner and Board Member of Al Kifah Holding Saleh Bin Hassan Abdullah Al Afaleq and CEO of Saudi Arabian Mining Company (Ma'aden) Khaled bin Saleh al-Mudaifer.

Other studies that will be tackled at the forum include the legislative system related to economic development, measuring and raising the productivity of the human element in the Saudi economy, diagnosing and addressing the current challenges facing the private sector to participate in operating and investing in the infrastructure and the role of the private sector in achieving the objectives of the Kingdom’s Vision 2030.

Economic circles and the public and private sectors in the Kingdom are looking forward to the forum as an important economic event as it focuses on the in-depth research of the national economy and its main problems. It also addresses the government's efforts to achieve Vision 2030, as well as efforts to raise the efficiency of the national economy against local, regional and global economic challenges, and promoting the effective partnership between the public and private sectors.