Saudi minister meets business leaders in Davos to discuss finances, investments, and innovation
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Raven Ruma
- . January 21, 2023
- . Update: January 21, 2023 10:20 pm
In order to discuss the future of finance and how to have a good long-term economic impact, Faisal Al-Ibrahim, the Saudi minister of economy and planning, met with Stephen Schwarzman, the chairman, CEO, and co-founder of the private equity firm Blackstone, on Friday in Davos, Switzerland.
The minister also spoke with Maelle Gavet, CEO of pre-seed investment company Techstars, which has assisted more than 3,300 early-stage startups globally, and Jean-Louis Girodolle, CEO of Lazard Investment Banking in France, about inclusive models for collaborative investment and transformative business solutions.
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The gatherings followed the World Economic Forum’s annual conference, which was held in Davos this week. Saudi Arabia and the WEF also inked a memorandum of intent on Tuesday to establish an accelerator programme to support innovation in the Kingdom. The agreement was struck during a meeting between the WEF’s top brass and a high-level delegation from the Kingdom.
Al-Ibrahim was part of a Saudi delegation to Davos that also included Prince Faisal bin Farhan, Princess Reema bint Bandar, Abdullah Al-Swaha, Minister of Communications and IT, and Bandar Alkhorayef, Minister of Industry and Mineral Resources.
