Arab News, Saturday, Jan 21, 2023 | Jamadi Al Thani 28, 1444
Saudi minister discusses finance, investment and innovation with business leaders in Davos
Saudi Arabia:
Faisal Al-Ibrahim, the Saudi minister of economy and planning, on Friday met
Stephen Schwarzman, the chairman, CEO and co-founder of private equity firm
Blackstone, in Davos, Switzerland, to discuss the future of finance and ways to
make a positive long-term economic impact.
The minister also held talks with Jean-Louis
Girodolle, the CEO of Lazard Investment Banking in France, about inclusive
models for collaborative investment and transformative business solutions, and
Maelle Gavet, the CEO of pre-seed investment firm Techstars, which has supported
more than 3,300 early-stage startups globally.
The meetings came after the World Economic Forum,
which held its annual meeting in Davos this week, and Saudi Arabia signed a
letter of intent on Tuesday to set up an accelerator program to help boost
innovation in the Kingdom. The agreement was signed during a meeting between a
high-level delegation from the Kingdom and the WEF leadership.
In addition to Al-Ibrahim, the Saudi delegation in
Davos included Foreign Minister Prince Faisal bin Farhan, Saudi Ambassador to
the US Princess Reema bint Bandar, Minister of Communications and IT Abdullah
Al-Swaha, and Minister of Industry and Mineral Resources Bandar Alkhorayef.