CPC backs Arab investment move
Jeddah, January 14, 2013
Saudi Arabia-based Construction Products Holding Company (CPC) recently sponsored a forum in Riyadh, which discussed various projects and investment initiatives in the Arab countries.
The Arab Private Sector Forum was held under the auspices of Prince Saud Alfaysal, the Saudi Minister of Foreign Affairs.
Faysal Alaquil, director of Business Development & Corporate Social Responsibility of CPC underscored the company’s sponsorship, saying that its great importance is reflected on the caliber of participants as well as officials who took part in the forum.
"Construction Products Company is very keen to support initiatives that support the Arab joined work for the development of leading businesses, as well as offering more investment opportunities that lead to the advancement of Arab communities and reduce its unemployment,” Alaquil added.
The forum also explored the initiatives which will be launched by a group of Arab investment companies and economic organizations in various banking and financial markets, and small and mid-sized projects, job creation, development of business entrepreneurship, information technology and communication, industrial and agricultural development, trade and social housing.
The forum was held in preparation for the forthcoming third Arab Summit for Economic and Social Development tilted "Active Participation of the Private Sector in Economic Development and Arab Economy Integration Initiatives".
The forum was organized by Arab League, the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries and the Council for Saudi Chambers of Commerce and Industry. – TradeArabia News Service
More Finance & Capital Market Stories
- Gulf stocks surge as Fed tapering adds fuel to fire
- SABB launches graduates programme
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson