The Global Asset Allocation Conference underlined on Tuesday the importance of new rules and patterns to strengthen the digital economy.
The conference was organized by the Family Office and held in the Saudi capital, Riyadh.
Prince Turki Al-Faisal bin Abdulaziz, President of the King Faisal Center for Research and Islamic Studies, stressed that in light of globalization, any political, financial or social crisis can turn into a global matter.
He noted the repercussions of the Russian-Ukrainian war crisis on food security, energy and supply chains, which have cast their effects on the global economy.
Prince Turki stressed the need for Saudi Arabia and the Gulf States to build strong economies on firm foundations.
On the role of women in Saudi society, he said: “Our society will not realize its aspirations unless equality is achieved between men and women.”
The government and people of Saudi Arabia were determined to work in this direction for the sake of society, he added.
Abdul Rahman Al-Rashed, Chairman of the Editorial Advisory Board of Al-Arabiya TV news channel, discussed during the conference the trade partnership between Saudi Arabia and China and its impact on the relationship with the United States.
He pointed to the importance of the agreement to restore relations between Saudi Arabia and Iran, which was mediated by Beijing, explaining that China has become an important country in the international map and the region, at a time when ties are still strong with Europe and America.
Jonathan Berger, CEO and Chief Investment Officer of AS Birch Grove, underlined the opportunities in the liquid credit market in North America, while Edward Siskind, Founder and CEO of Cale Street, touched on low occupancy levels in commercial real estate in major American cities, with the new work-from-home policy and the rise of sustainability movements.
