Riyadh - Agencies
Continuing its pioneering role in organizing and hosting regional and international conferences, the Saudi capital Riyadh will host next Tuesday at the headquarters of the Council of Saudi Chambers, the Middle East Economics and the Role of the Private Sector Conference, which is the first international conference of its kind.
The conference will discuss many pressing topics and issues such as demographic pressures in the region, economic pressures, unemployment, the need for economic diversification led by the private sector, as well as the importance of creating economic integration between the countries of the Middle East, will be discussed by more than 30 local and international speakers.
This comes at a time when the Arab region enjoys enormous natural resources that are a key asset for achieving development in this region, in addition to its important human potential that is not fully exploited, which requires an important educational system that leads to investment in the field of knowledge, as many economists believe that it is important for Arab governments to give more opportunity for the private sector to fulfill its responsibilities in developing the economy, especially since it enjoys great dynamism, especially since it represents a major partner of the government sector.

Although the Middle East region is suffering from economic issues, expectations indicate that the economies of this region will return to recovery in 2014 in light of improved global conditions and the recovery of oil production, according to reports of the International Monetary Fund, a strategic partner of the Council of Saudi Chambers in organizing this conference, along with the International Finance Corporation, with the full cooperation and support of the Ministry of Finance. The conference will discuss five main themes through five working sessions, where the first session (strengths and weaknesses of the private sector in the Middle East), while the second session (international experiences in developing the private sector), by focusing on the development of small and medium enterprises in Singapore, the Philippines, South Korea, Chile, Mexico and Brazil.
The third session will focus on the role of macroeconomic and fiscal policies in private sector development, the fourth session will highlight the private sector and inclusive growth, while the fifth session will be entitled "Towards a stronger role for the private sector in the Middle East region: priorities and opportunities".