[PIF GLOBAL ASSET MANAGEMENT FORUM]
PRIVATE CAPITAL MARKET TRENDS IN THE MENA REGION: RISKS, REWARDS, AND ROADMAPS

The panel discusses key drivers attracting international investment to Saudi Arabia and the wider region, emphasizing Vision 2030. Metab al-Shethri highlights the importance of collaboration between PIF, asset managers, and global institutional investors. Edward Winter notes the substantial capital already being attracted, particularly in infrastructure, and the need for a relevant cost of capital. Anne Prendergast explains State Street Investment Management's strategy to democratize access to alternative investments, including ETFs. James Reynolds sees long-term success for private credit in the region, fueled by economic growth and technology. The discussion also addresses regulatory challenges, the need for investor education, and the role of governments and sovereign wealth funds in driving collaboration. Speakers emphasize the importance of building the right opportunity set and educating investors about the virtues of investing in the region.