His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh and honorary president of Riyadh Economic Forum, honored Al Rajhi Bank for its effective contribution as strategic partner in the 8th Riyadh Economic Forum that kicked off last Monday under the patronage of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz.
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of the Bank, proudly received the honor on behalf of the Bank emphasizing its support for the country’s important economic events such as the Riyadh Economic Forum. He also spoke on the Bank’s pride to participate in such forums that discus national economy related issues and cast apparitions for the future.
The Chairman highlighted the Forum in its current installment as having more value considering recent changes in the national economy and the dedication of country leaders to achieve the Saudi vision. The 2030 vision includes economy and business environment developments, building an economic base with diversified sources of income and optimizing the Kingdom's natural and human resources and focusing on innovation and knowledge in the production system. These issues and more were themes and discussion topics at the Forum this year.
Mr. Al Rajhi explained the bank’s partnership with the Forum contributes to elevating the economy and the society as a whole. In addition, the partnership is a direct reflection of the Bank’s dedication to social service as it forms a more effective economic environment to achieve positive impact, develop initiatives and create new opportunities during the Kingdom’s current transformation era.
The current Riyadh Economic Forum discusses critical topics such as, the study of increasing VAT by stimulating mineral sector investment, the legislative system in regards to economic development, measuring and increasing human productivity in the Saudi economy, investment in infrastructure and operation and the private sector role in achieving the Kingdom’s 2030 objectives.