News Column

Saudi projects in focus at Dubai meet

February 23, 2014

Arab News, Jeddah, Saudi Arabia



Feb. 23--JEDDAH -- Dubai's role as a global trading center and the region's export potential as a whole will provide the primary talking points at the Middle East Trade Finance Week 2014, which takes place at the Jumeirah Emirates Towers in Dubai on Feb. 25-27.

With over 350 delegates set to attend from the government, banking and business sectors, emphasis will be placed on Dubai's role as a re-export center for various goods and services, with significant focus on the importance of SMEs, their growth as a result of trading centers such as Jebel Ali and DMCC Free Zone and the facilities available to them.

The program welcomes an impressive lineup of speakers, including opening morning addresses from the Dubai Chamber of Commerce and Dubai Exports.

"With Dubai establishing itself as a major re-export center, particularly for access into other lucrative markets, it is imperative to provide the many trading companies operating with the structures and solutions needed to allow them to reach their full potential," says Jeff Ando, head of conference production at GTR Events.

"This includes increasing the availability of structured finance, providing greater understanding of the merits of trade credit insurance and developing technology platforms and processes in line with automation targets as the authorities look to further encourage movement away from a paper-based market," Ando said.

As an event for the wider MENA region as a whole, discussions will also center on how the demand for transactions and funding in the construction and project sectors has shifted from the UAE real estate sector to energy and infrastructure-focused projects in markets such as Saudi Arabia, Qatar and Kuwait, while also examining political risk developments and trade outlooks in markets such as Libya, Syria, Egypt, Morocco and Bahrain.

Other topics such as the growth of Africa as an export destination, risk mitigation, sanctions and compliance will also be given due consideration, utilizing a range of formats, including case studies, panel discussions, interviews and formal debates.

Following the conclusion of the plenary conference on Day 2, proceedings will continue with the ICC Banking Commission Supply Chain Technology Forum, following on from the launch of the Regional MENA Commission last year and welcoming a number of key regional policy makers.

The week will conclude with the Supply Chain Masterclass, an interactive workshop that looks to bridge the physical and financial supply chains, providing detailed insight for participating banks and corporates alike.

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(c)2014 the Arab News (Jeddah, Saudi Arabia)

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Source: Arab News (Saudi Arabia)


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