London, Asharq Al-Awsat- Saudi Arabian General Investment Authority (SAGIA) Governor Amr Al-Dabbagh will be heading a delegation of Champion Saudi CEOs on a visit to Beijing in November, 2006 to attend the BusinessWeek Tenth Annual CEO Forum.
The delegation accompanying H.E Amr Al-Dabbagh will be lead by Eng. Abdullah Al-Rakhis, CEO of RAKISA Holdings, and Intermediate Vice President Mr. Khalid Almana of SABIC. Both companies are sponsoring the event.
The Saudi Basic Industries Corporation (SABIC) is embarking on a major expansion program in Asia Pacific, and China in particular. It currently has eight offices with its regional hub based in Singapore and is in the process opening new offices in Beijing , Southern China, Jakarta and Melbourne . SABIC is the largest public company in the Middle East , ranked by market capitalization of more than US$ 150 billion, and is one of the Top 10 largest petrochemicals manufacturers in the World.
RAKISA, an investment holding company and lead developer of the Prince Abdullah bin Mousaed Economic City (PABMEC) is also setting out on a Road Show to Asia later this year. PABMEC is a USD 8 billion project located in the northern Saudi city of Hail . It is set to be the inter-modal transportation hub of the region.
This initiative is a continuation of The Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz’s visit to Beijing in January 2006. SAGIA aims to carry forward King Abdullah’s vision of increasing bilateral ties between
Saudi Arabia and the People’s Republic of China to the benefit of their respective economies. SAGIA’s participation at the BusinessWeek CEO Forum is an opportunity to promote Saudi Arabia as a destination for Chinese Investment, as well as to market investment opportunities in the Kingdom. The CEO Forum will also offer a medium for SAGIA to introduce Saudi and Chinese business leaders to their respective corporate communities.
SAGIA’s Representative Office in Hong Kong, which opened earlier this May, is coordinating for Saudi Arabia’s participation at the Forum. Governor Amr Al-Dabbagh will be making a stop in Hong Kong to inaugurate the office prior to his trip to Beijing.
The CEO Forum is organized by DNMstrategies, producer and manager of all BusinessWeek events in Asia.