Saudi Minister Meets HSBC Chairman: Faisal Alibrahim, Saudi Minister of Economy and Planning, met with Mark Tucker, Chairman of HSBC Holdings, at the World Economic Forum (WEF) Annual Meeting to discuss global financial trends and investment opportunities in Saudi Arabia.
Davos, January 21, 2025 – On the sidelines of the World Economic Forum (WEF) Annual Meeting 2025, Saudi Arabia's Minister of Economy and Planning, Faisal Alibrahim, held a crucial meeting with Mark Tucker, Chairman of HSBC Holdings, to discuss global financial trends and explore investment opportunities in Saudi Arabia. The meeting highlighted the growing importance of Saudi Arabia in the global economic landscape, particularly as the Kingdom continues to push forward with its ambitious Vision 2030 agenda.
During the discussion, Alibrahim and Tucker delved into key global financial developments that are shaping the investment climate worldwide. The conversation also focused on how Saudi Arabia can leverage these trends to attract international investment, strengthen its economic diversification efforts, and position itself as a leading global hub for business and innovation.
The meeting underscored the significance of financial cooperation between Saudi Arabia and major global financial institutions, such as HSBC, which has been an active participant in the Kingdom's economic transformation. With its ongoing initiatives aimed at reducing dependency on oil and expanding into sectors like technology, renewable energy, and tourism, Saudi Arabia is keen on deepening its partnerships with international financial entities to support its long-term economic goals.
As part of the broader Vision 2030 framework, Saudi Arabia is continuously working to create a conducive environment for foreign investments, offering opportunities across various sectors. The dialogue with HSBC reflects the Kingdom's ongoing efforts to establish strong relationships with global financial leaders, paving the way for increased economic collaboration and greater market confidence.
This meeting also serves as a reminder of the pivotal role the WEF Annual Meeting plays in facilitating high-level discussions on global financial trends, providing a platform for leaders like Alibrahim and Tucker to exchange insights and identify new opportunities for collaboration. It is expected that such engagements will continue to strengthen Saudi Arabia's position on the world stage as it works towards realizing its economic and development ambitions.