The European office of ISFIN had the honour to participate the Belgian economic delegation presided by her Royal Highness Princess Astrid of Belgium to Saudi Arabia.
“Saudi Arabia and Sultanate of Oman are incredible markets for inbound and outbound investments,” says Laurent Marlière, ISFIN CEO. The GCC is an oil-based region with the largest proven crude oil reserves in the world representing 35.7% of the world’s total; while the OPEC accounts for 70% of the world’s total proved crude oil reserves. “Those GCC’s countries are not only investing into Oil and Chemical products but also on various sectors such as health sector, services, IT, legal,” adds Marlière.
ISFIN has met during this mission with local ministers, officials and CEO’s as well as the players of the local investment branches. Herewith we hope to consolidate our business relations and spread our networks so to evaluate opportunities for our partners.
Allaa Ridouan who led the ISFIN in the GCC team adds: “Most GCC policies stress the need to boost productivity and competitiveness, and include promotion of a business environment conducive to growth. Targeted areas also include integrating economies with the global knowledge economy, encouraging entrepreneurship, attracting foreign investment, fostering innovation, and ensuring access to finance for small and medium-sized enterprises (SMEs).”
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