2012 Gulf Competitiveness Forum Opens

January 23, 2012

Editor’s Note:

The 6th Annual Global Competitiveness Forum (GCF) organized by the Saudi Arabian General Investment Authority (SAGIA) opened January 22. With the overriding theme being “The Entrepreneurship Imperative,” the two-day forum will touch on all forms of entrepreneurship, according to the GCF Web site, “from social entrepreneurship to government; corporate and intrapreneruship to the importance of failure, the value of risk as well as the anatomy of an entrepreneur, amongst many more.” Speakers at the event include Prince Faisal bin Abdullah, Minister of Education and Prince Turki Al-Faisal, Chairman of the King Faisal Center for Research and Islamic Studies. Today we bring you the Forum’s opening announcement provided by SAGIA.

SAGIA’s Global Competitiveness Forum Opens Tonight Under King Abdullah’s Patronage

The Sixth Global Competitiveness Forum (GCF), being held under the patronage of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al-Saud, will be inaugurated on Saturday evening at the Four Seasons Hotel, Kingdom Tower, in Riyadh.

Riyadh, Saudi Arabia, January 22, 2012 –(PR.com)– The Sixth Global Competitiveness Forum (GCF), being held under the patronage of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud, will be inaugurated on Saturday evening at the Four Seasons Hotel, Kingdom Tower, in Riyadh. From January 22 to 24, hundreds of business leaders from around the world will share their insights and opinions on “The Entrepreneurship Imperative” which is the overriding theme of this year’s event.

The GCF has grown over the past five years to become one of the biggest gatherings of political, business and thought leaders. The event has also helped its organizers, the Saudi Arabian General Investment Authority (SAGIA), to launch important initiatives to highlight the progress Saudi Arabia has been making in pushing its economic competitiveness agenda. GCF 2012 sessions will discuss all forms of entrepreneurship (social, government, corporate and entrepreneurship) and related aspects such as failure and risk.

GCF 2012 will feature His Highness Prince Turki Al Faisal, Chairman, King Faisal Center for Research and Islamic Studies, Saudi Minister of Labor Adel Fakieh and Minister of Education His Highness Prince Faisal bin Abdullah who are scheduled to deliver separate keynote addresses. George Buckley, Chairman and CEO of 3M, will deliver the keynote address for the opening session on January 22, focusing on the institutionalization of entrepreneurship.

Dr. John A. Quelch, Distinguished Professor of International Management, Vice President and Dean at CEIBS, the leading China-based international business school, will moderate most of the panel sessions at the Forum on the first day. Dr. Quelch is the Senior Associate

Dean and Lincoln Filene Professor of Business Administration at Harvard Business School, and also a former Dean of London Business School.

The sessions on the first day of the Forum are dedicated to the various aspects of entrepreneurship. “The Anatomy of an Entrepreneur,” “Dare to be Great – The Art of Failure,” “Artepreneurs: Creating Business and Jobs,” and “Generation C – Click, Connect, Communicate, Collaborate” are sessions that are expected to offer wide-ranging and interesting insights about business success and competitiveness in today’s world.

The list of key speakers and panel is an indication of the diversity of knowledge and experience likely to be shared at the Forum.

The relationship between art and commerce, various aspects of cultural entrepreneurship and the role of modern technology in the business of art will be explored at the “Artpreneurship” session.

The morning sessions on Day 2 of the conference will focus on global risks, with a keynote address by His Royal Highness Prince Turki Al Faisal, Chairman, King Faisal Center for Research and Islamic Studies. The panel session on Global Risks, titled “The Challenges Ahead” will be moderated by John Defterios of CNN.

“An apple a day is no longer enough,” a session dedicated to healthcare, will look at the impact of technology on health while “Aerotropolis” will assess how the new model airports can become the key nodes of global production and enterprise systems by connecting workers, suppliers, executives, and goods to the global marketplace.

Michael Porter, Bishop William Lawrence University Professor, Harvard Business School, will deliver the keynote address on the third day of the Forum. The final day sessions focus on venture capital, intrapreneurship, “Greenovation,” impact of natural disasters, innovation, competitiveness, and disruptive technologies.

On the second day of the Forum, SAGIA will honor the fastest growing companies in Saudi Arabia and formally announce the names of this year’s winners of the Saudi Fast Growth 100.

ABOUT SAGIA:

SAGIA, the Saudi Arabian General Investment Authority, was established in 2000 as part of the new foreign investment law in Saudi Arabia. SAGIA supervises the attraction of foreign investment into the country, and manages Saudi Arabia’s competitiveness agenda in an effort to improve the country’s business environment. As a result of the efforts of SAGIA’s National Competitiveness Council, and the Saudi Government as a whole, Saudi Arabia is now considered the 8th largest recipient of FDI with inflows of 35 Billion USD in 2009, 11th Easiest Place to Do Business according to the World Bank-IFC’s Doing Business Report, and the 21st most competitive country in the world according to the World Economic Forum’s Global Competitiveness Index.

Please visit www.sagia.gov.sa for the latest news on SAGIA.

For more information:

SAGIA:
May Bin Dayel
mad@sagia.gov.sa

Alef International:
Ibtihal AlSamaraie
Ibtihal.alsamarie@alefinternational.com

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