OPENING REMARKS
OPENING REMARKS
31 Oct 2024
The discussion centers around the development and strategic initiatives in Saudi Arabia's asset management sector, emphasizing the importance of attracting foreign investment and building local talent. The conversation highlights the role of the Public Investment Fund (PIF) in supporting Vision 2030 by promoting economic growth and diversification through a robust financial sector. The strategy includes reshaping the market to develop new products and increasing the number of asset managers. There is a focus on building capabilities and addressing gaps in the market, such as the need for optional retirement programs and new authorities for investment. The discussion also touches on the importance of partnerships and continuous development of human resources to sustain growth. The PIF aims to localize industries and develop capital markets, which are crucial for generating returns and adopting best practices.