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Standing Ovation for Saudi Arabian Crown Prince Disruptions Limelight Conference Recipient

None of the major Wall Street companies sent their top managers, but institutions like Citigroup, Goldman Sachs and Morgan Stanley…

None of the major Wall Street companies sent their top managers, but institutions like Citigroup, Goldman Sachs and Morgan Stanley sent local and regional executives, some of whom are senior in stature. Nobody from Blackstone Group, whose executive director retired from the event last week, participated according to a company manager.

Some who said they were there to do business and dismissed the Khashoggi situation.

“It’s just sound for me,” says Michael Slater, who runs the Middle East and Africa investment operations for Northern Trust and is based in Riyadh. “The people I need to see are here, and that’s what I care about.”

The future of the investment conference is still uncertain, and some side-side participants wondered greatly if the current crisis was to blow over or result in a real return of Saudi Arabia’s latest progress. For Saudis who organized the conference, one question was clear if the company’s media sponsors who withdrawn their support, including The New York Times Company, would return next year.

An investment adviser specializing in business agreements between the United Kingdom and Saudi Arabia suggested that major banks with trademarks to protect and Silicon Valley companies promoting ethical investment would be careful to enter into new agreements with Saudi Arabia until concern that Khashoggi was killed.

Real Estate Investors from the United Kingdom However, they were eager to try the halls, seek funding for projects in America, and were looking for opportunities to engage in infrastructure development in the Middle East.

And in a demonstration of its continued attractiveness as an investment partner, Saudi Aramco announced the signing of 15 offers worth more than $ 30 billion with companies in eight countries: the United States, France, C Hina, Japan, United Arab Emirates, Great Britain, South Korea and India.

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Faela