2003 News Story

SAGIA's October conference in Rome to focus on privatization

The various aspects of the implementation of Saudi Arabia's privatization plans will be introduced to international economists at the Third Annual Retreat which will be held in Rome, Italy during the second week in October, under the aegis of the Saudi Arabian General Investment Authority (SAGIA) and in cooperation with the Saudi American Bank (SAMBA), AL-Bank Al-Saudi Al-Fransi, and the Shell Group of Companies. Governor of SAGIA Prince Abdullah bin Faisal bin Turki said in a press statement today that the forthcoming meeting will provide a unique opportunity for senior Saudi Arabian policy makers and international executives to come together to discuss in detail the Kingdom's progress in attracting international investment into its economy.

Topics up for discussion at the Retreat will include the impact of politics and security on investment issues, challenges in creating an attractive environment for private investment, the implications of the new Capital Market Law, emerging private sector possibilities in the areas of natural gas, electricity and water, and information technology, as well as the increasing role of the private sector in industry.