Middle East Conference in London focuses on regional development, competitiveness

Saudi Ambassador to the UK Prince Khalid bin Bandar speaks during the 20th Middle East Conference in London. (SPA)

LONDON: Business leaders, politicians, diplomats and academics from across the Middle East gathered in the UK capital, London, on Friday for the 20th annual Middle East Conference.
The theme of this year’s event, which is organized by the London Business School, was “Redefining the World Compass” and tackled the opportunities and challenges in the shifting landscape of the Middle East.
The conference provided a platform for discussing how major governmental institutions and private sector pioneers can take advantage of developing opportunities in the region to ensure its competitiveness in the 21st century.
In his opening speech, Francois Ortalo-Magne, the dean of the London Business School, welcomed the attendees and speakers while commending the LBS’ Middle East Club for organizing the conference, and said that the event aligns with the college’s global ambitions, the Saudi Press Agency reported.
Speaking during the conference, Prince Khalid bin Bandar, Saudi ambassador to the UK, stressed the distinguished relations between Saudi Arabia and the UK and highlighted the reforms and achievements that have been made since the launch of the Kingdom’s Vision 2030.
The ambassador highlighted Saudi Arabia’s investment power, which has a vital role in fostering a more diversified and sustainable economy, and spoke about how his country’s strategic location — connecting Africa, Asia, and Europe — has contributed to enhancing growth and stability across various sectors.
The conference shed light on the development of pioneering cities currently under construction in Saudi Arabia. One notable project discussed was “The Line,” which prioritizes the well-being of its residents while preserving the surrounding nature to provide an unprecedented urban living experience.
The annual conference is a platform that brings together experts, thought leaders and decision-makers to exchange ideas, enhance cooperation and shape a framework for the future of the Middle East region, through the diverse agenda and key speakers.