Faisal, Emir of Makkah province, will inaugurate the third Saudi International Banking and Investment Conference (SIBIC 2009) under the theme “Investment and Securities: Forum of Views and Ideas” today at the Jeddah Hilton Hotel. Over 700 experts from business, insurance and banking are expected to attend the event which seeks to address investors' problems in the Kingdom. “We expect to hear many interesting solutions during the forum about the financial industry and how to benefit from the growth of the Saudi economy,” said Yassin Al-Jefri, general supervisor of the conference. The conference proper will begin Sunday at 9.30 A.M. with a session on Financial Requirements and Capabilities of the Saudi Market to be headed by economist Tal'at Bin Zaki Hafiz. The second session, headed by Adeem Investments Company Chief Executive Adel Bin Ahmad Bahamdain, will discuss requirements of the real estate financing market in Saudi Arabia, and the role of real estate financing companies in real estate market development, as well as the role of financing in industrial investment. The third and final concluding session will tackle the Saudi investment market and brokerage companies and will be headed by Reem Asad, vice chairwoman of the Securities Committee at the Jeddah Chamber of Commerce and Industry. According to Al-Jefri, the main points of discussion will center on local and foreign banks, insurance companies, and the variety of mortgages under the authority of the Ministry of Trade and Industry. The conference aims to increase foreign investment in the Saudi market.
